Green Energy

Structural steel prices remain firm across both primary and secondary markets, driven by strong infrastructure execution, robust restocking by fabricators, and full mill order books through mid-May. While primary market prices have seen incremental hikes, secondary prices are also on an upward trend, especially for fast-moving sections. Buyers are advised to act early as mills hint at another round of price hikes by late April.

Primary TMT prices continue to rise across regions amid a market shortage and earlier bulk purchases by contractors in March. India’s steel demand is projected to grow by 8–9% in 2025, with infrastructure and housing continuing to lead consumption. While current prices remain high, they may ease as buying activity slows.

Primary TMT prices increased across Mumbai, Delhi NCR, and Vizag due to increased distributor rates and strong demand from infrastructure projects. India continues to show strong steel consumption despite a global decline, driven by active tenders and capacity utilization. Rising costs and delayed projects, however, are expected to impact overall steel exports.

Nickel and copper prices opened significantly higher. Stainless steel prices remain steady with a slight upward trend across key grades. The 200 series continues to see strong domestic demand due to limited imports, while global trade moves—like US tariffs and EU dialogues—are reshaping sourcing strategies. Experts expect prices to remain strong, especially for 300 and 400 series grades.

Structure prices remain steady to firm across both primary and secondary markets, fuelled by strong infrastructure demand and rising logistics costs. With key tenders from railways and highways in play, mills are operating at capacity and buyers are locking in prices early. A potential import duty decision and high freight costs are further influencing procurement strategies across regions.

Stainless steel prices remain mostly stable despite rising nickel and copper prices. The 200 series continues to show strong domestic demand due to limited imports, while the 300 and 400 series see a mild pickup in activity. Global market developments—including tariffs, anti-dumping measures, and raw material trade moves—are expected to influence pricing and supply dynamics in the coming weeks.

Stainless steel prices remain stable across grades with mild demand recovery in 300 and 400 series. The 200 series is witnessing strong buying interest driven by limited import availability. Global headwinds like US tariffs, EV-led nickel demand, and recycled metal growth continue to shape market sentiment for 2025.

Primary TMT prices remain steady across major regions despite a slowdown in demand post-March and supply disruptions caused by Tata Steel’s ongoing plant maintenance. Distributors have hiked prices in North, West, and South India, maintaining elevated rates. With production constraints expected to persist, material shortages could continue well into May.

Primary structural steel prices continue to rise, driven by strong infrastructure demand, tight supply, and rising input costs. Secondary markets stay largely stable with localized gains, but face pressure from increasing scrap and freight costs. A government decision on steel import duties is expected soon, which could further shape market sentiment.