Green Energy

Stainless steel prices remain firm as demand patterns shift. The 200 series continues to see strong domestic demand due to import shortages, while the 300 and 400 series show gradual improvement. China’s stainless steel imports dropped by 29.3% YoY, while exports went up. Experts anticipate price firmness across all series, with the USD exchange rate and regulatory factors playing key roles.

Stainless steel prices remain firm, with the 200 series seeing rising demand due to limited imports. Taiwan’s stainless steel prices are set for a sharp April increase following Indonesia Tsingshan’s price hike. Meanwhile, copper prices approach record highs due to U.S. trade concerns. Experts anticipate price firmness across all stainless steel series due to market and regulatory factors.

Stainless steel prices remain mixed in India as 200 series demand surges amid an import shortage. 300 series prices may rise due to a strong USD, while 400 series remains firm on BIS-related issues.

Aluminium prices opened lower on LME, SHFE, and MCX, reflecting minor corrections. China’s February output dropped month-on-month but grew year-on-year. India imposed anti-dumping duties on aluminium foil and other products to curb cheap imports from China. Global primary aluminium production increased 2.7% in January, signalling a stable supply outlook.

Primary TMT prices have seen a sharp increase in March 2025, with rates in Mumbai and Delhi NCR at Rs. 56,000-56,500/mt, while Vizag stands lower at Rs. 53,500-54,000/mt. Distributors have raised prices due to ongoing supply constraints, and further hikes are expected.

Structural steel prices remain firm across both primary and secondary markets, driven by strong infrastructure demand and rising input costs. Durgapur and Chennai saw price hikes due to supply constraints, while the secondary market remains stable with moderate demand in Raipur and Hyderabad. Traders are advised to secure stocks early amid expected price increases.

Stainless steel prices remain stable with slight upward movement, driven by global supply constraints and rising raw material costs. Nickel prices continue to fluctuate due to Indonesian tax policies and adverse weather conditions. The 200 series sees strong domestic demand due to limited imports, while the 300 and 400 series are witnessing moderate growth despite cash flow constraints.

The Indian flat steel market is witnessing strong demand, with a projected growth rate of 8-9% in 2025, driven by infrastructure, housing, and engineering sectors. However, rising imports from China and other countries pose a challenge to domestic producers. While domestic prices remain stable in most regions, global HRC prices are under pressure. The industry remains optimistic but cautious.

Stainless steel prices remain stable with slight upward movement, driven by global supply constraints and rising raw material costs. Nickel prices continue to fluctuate due to Indonesian tax policies and adverse weather conditions. The 200 series sees strong domestic demand due to limited imports, while the 300 and 400 series are witnessing moderate growth despite cash flow constraints.