Mild Steel
Commonly referred to as low carbon steel, Mild Steel (MS) is an alloy of iron and carbon with negligible carbon content, between 0.05% to 0.25% to be precise. I...
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Secondary Market Demand Pushes Structure Prices Up in Key Cities
Structure prices increased marginally in the secondary markets, with demand improving across regions. Secondary markets like Mandi, Raipur and Durgapur saw smaller hikes. Supply issues remain unresolved for heavy sections in the primary market. Meanwhile, Visakhapatnam Steel Plant avoided merging with SAIL and is focusing on full production by August.
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Structure Prices Stable; Primary Market Faces Limited Supply and Demand Fluctuations
Structure prices in the primary market this month have seen a minor increase of Rs 500/mt for SAIL, JSPL, and RINL. While secondary market prices remain stable, the primary market still faces supply shortages, despite improvements at SAIL's IISCO facility. Demand remains slow, with JSPL planning upgrades to its Raigarh mill to enhance steel production flexibility.
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Primary TMT Market Sees Rising Demand and Potential Price Hike
Primary TMT prices remain steady across Mumbai, Delhi NCR, and Vizag, with rising demand suggesting possible price hikes next month. Material shortages are expected to resolve soon. Meanwhile, Union Minister Nitin Gadkari criticized steel cartels for hampering infrastructure development and promotes fibre-reinforced plastic (FRP) as a cost-efficient alternative.
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