Infrastructure & Construction

Prices for both DI and MS ERW pipes remained steady despite weak demand caused by monsoon-related project delays and funding bottlenecks. DI pipe producers are fulfilling older bookings with extended lead times, while MS ERW manufacturers are offering discounts to clear high inventories. Meanwhile, Maruti Ispat launched a new ERW pipe brand—MS VAYU, and Tata Metaliks is expanding its DI pipe range to 1200 mm, anticipating stronger demand post-monsoon.

Stainless steel prices remain stable in India, with a mixed demand outlook across different series. The 200 series sees strong demand due to limited imports, while the 300 series experiences weak demand but some supply shortages. Japan’s anti-dumping probe against China and Taiwan may further influence global pricing sentiment.

TMT bar prices across major regions have declined due to sluggish demand and stable supply. Distributors are reducing prices to stay competitive, while maintaining consistent inventory levels. Key contract wins and infrastructure developments continue to support long-term prospects, but market sentiment remains cautious due to weak purchasing activity.

Structural steel prices continued their downward trajectory this week, particularly in the secondary market. Monsoon-related disruptions, delays in fund disbursement, and persistent liquidity constraints are weighing heavily on demand. While primary mills are holding prices firm, secondary mills are resorting to discounts to manage cash flow. The near-term outlook remains subdued until site activity gains momentum post-monsoon.

Zinc prices saw mixed movement across global exchanges, with LME zinc continuing its decline and SHFE zinc closing slightly higher. Despite China's better-than-expected GDP growth, weak manufacturing demand persists. On the supply side, major global producers have cut output, tightening supply. Short-term price trends remain uncertain amid macroeconomic volatility.

India’s stainless steel market shows mixed trends across series. While 300 series demand is soft, 200 and 400 series remain strong due to limited imports and rising application. Scrap buying remains active. ISSDA reports 8% annual growth in consumption, projecting long-term strength led by green energy and infrastructure sectors.

Primary TMT prices dropped again across major regions amid continued weak demand. Sellers are offering deeper discounts, while distributors maintain adequate inventory. Despite the subdued market, Vizag-based SEIL made headlines by acquiring an Andhra Premier League franchise, blending steel with sport to boost brand visibility. Experts caution that more price cuts may follow unless demand picks up.

In early July 2025, demand for DI and ERW pipes remains weak due to monsoon disruptions and sluggish project activity. Manufacturers are offering bulk discounts amid inventory pressure. However, a demand rebound is expected post-monsoon. Strategic buying and stock planning during this low-price window could benefit both buyers and suppliers.

Stainless steel prices remain steady across grades, with 300 series showing flat demand and 200 series witnessing strength due to limited imports. ISSDA reports 8% consumption growth in FY25, signaling robust market fundamentals. Scrap prices remain stable, while end-user sectors continue to influence grade-wise performance amid evolving supply trends.