Electrical Utilities
Nexizo is your one-stop platform for all electrical goods news, electrical product prices, and government tenders for the procurement of wires and other similar...
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Daily Market Report
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Stainless Steel Market Stays Strong as Nickel and Copper Edge Higher, Demand Surges
Stainless steel prices remain stable, with Nickel and Copper gaining. The 200 series sees strong demand due to import shortages, while the 300 and 400 series show gradual improvement. Experts predict price stability for the 400 series and an upward trend for the 300 series due to currency fluctuations. Meanwhile, Taiwan maintains anti-dumping duties on Chinese and Korean imports.
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Structure Steel Prices Mixed as Primary Market Sees Hike, Secondary Declines
Structure steel prices saw mixed trends, with primary players SAIL, JSPL, and RINL raising prices this month by Rs 500/MT, while the secondary market declined due to weak demand. Heavy beams, angles, and channels in the primary market are selling out fast, causing supply constraints. Experts anticipate continued weakness in the secondary market as demand remains subdued.
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Primary TMT Market Strong as Distributors Hike Rates Across Key Markets
Primary TMT prices increased across North, West, and South India, with Mumbai and Delhi NCR rates touching Rs 52,500/MT. Demand is expected to grow by 8-9% in 2025, driven by infrastructure and construction projects. However, competitive imports, especially from China, continue to challenge domestic manufacturers. Experts warn that market volatility and imports may impact pricing, making government intervention crucial for industry stability.
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India’s PVC Pipe Market Expands Amid Rising Infrastructure Demand
India's PVC market is witnessing steady demand from infrastructure and agriculture sectors. Prices remain competitive, with manufacturers expanding capacity to meet rising needs. Global supply disruptions and fluctuating raw material costs could impact pricing. Despite near-term volatility, the outlook remains positive as demand strengthens and production capacity increases.
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Nickel and Copper Decline While Stainless Steel Prices Stay Steady
Stainless steel prices remain stable, with slight demand improvements in the 300 and 400 series. The 200 series sees strong domestic demand due to limited imports. Nickel and copper prices declined. Experts anticipate price increases in the 300 and 200 series amid ongoing market shifts. Meanwhile, new research in Taiwan enhances stainless steel’s hydrogen resistance.
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Flat Steel Prices Hold Steady as Market Awaits Clear Direction
The flat steel market remained stable, with no major price changes in HRC and CRC across key locations. Demand is expected to grow by 8-9% in 2025, driven by infrastructure and housing projects, despite challenges from rising imports. Ex-India HRC prices are steady due to sluggish trading activity, and market sentiment remains cautiously optimistic.
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Zinc Prices Rise Amid Weaker Dollar, Tariff Concerns Ease
Zinc prices saw modest gains as a weaker US dollar and short covering provided support. However, rising inventories and declining global production continue to weigh on the market. Supply concerns persist, with China’s refined zinc output dropping and major mines planning cuts. Market sentiment remains cautious, with technical levels indicating potential resistance and downside risks.
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Polyethylene Market Trends: Supply Pressure, Weak Demand & Volatile Outlook
The polyethylene market remains under pressure as weak demand and increased spot availability lead to price adjustments. HDPE prices saw minor fluctuations, while LDPE found support due to supply constraints. Global crude oil trends and scheduled production shutdowns are influencing market sentiment. Demand recovery is expected by mid-to-late February.
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Stainless Steel Market Watch: Demand Strengthens, Prices Remain Firm
Stainless steel prices remain firm across different series, with the 200 series seeing strong demand due to limited imports. Experts predict that the 300 and 400 series prices will stay elevated, while the 200 series is expected to perform well due to import restrictions. Jindal Stainless anticipates opportunities from new US tariffs but warns of potential dumping risks in India.
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Daily Market Report
Stainless Steel Market Stays Strong as Nickel and Copper Edge Higher, Demand Surges
Stainless steel prices remain stable, with Nickel and Copper gaining. The 200 series sees strong demand due to import shortages, while the 300 and 400 series show gradual improvement. Experts predict price stability for the 400 series and an upward trend for the 300 series due to currency fluctuations. Meanwhile, Taiwan maintains anti-dumping duties on Chinese and Korean imports.
Read Story
Structure Steel Prices Mixed as Primary Market Sees Hike, Secondary Declines
Structure steel prices saw mixed trends, with primary players SAIL, JSPL, and RINL raising prices this month by Rs 500/MT, while the secondary market declined due to weak demand. Heavy beams, angles, and channels in the primary market are selling out fast, causing supply constraints. Experts anticipate continued weakness in the secondary market as demand remains subdued.
Read Story
Primary TMT Market Strong as Distributors Hike Rates Across Key Markets
Primary TMT prices increased across North, West, and South India, with Mumbai and Delhi NCR rates touching Rs 52,500/MT. Demand is expected to grow by 8-9% in 2025, driven by infrastructure and construction projects. However, competitive imports, especially from China, continue to challenge domestic manufacturers. Experts warn that market volatility and imports may impact pricing, making government intervention crucial for industry stability.
Read Story
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