Hot Rolled Plates
Hot-rolled (HR) steel plates are produced through the hot-rolling process. The process includes heating the steel at high temperatures and passing it through th...
Hot Rolled Plates Bytes
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Daily Market Report
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India’s Flat Steel Market: Growth Continues Amid Import Challenges
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.
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Flat Steel Prices Hold Steady Amid Rising Imports, Demand Driven by Infra Projects
Flat steel prices remain stable across key markets, with HRC prices ranging from Rs 48,000 (Kolkata) to Rs 51,000 (Ahmedabad & Chennai). Demand is driven by an 8-9% projected growth, fuelled by infrastructure and housing projects. However, rising imports from China, South Korea, and Japan are pressuring domestic mills, prompting the government to consider safeguard duties. India’s market outlook stays cautious despite production growth.
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Flat Steel Prices Remain Steady as Demand Holds Firm
Flat steel prices, including HRC, CRC, and PM Plate, remained stable across major Indian markets. India’s steel demand is expected to grow by 8-9% in 2025, supported by infrastructure and housing projects, despite challenges from rising imports and supply constraints. Market sentiment remains cautiously optimistic, with steelmakers maintaining production.
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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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Flat Steel Prices Stable Amid Strong Demand and Import Pressure
Flat steel prices remained unchanged across major markets, with demand growing at 8-9% due to infrastructure and housing projects. However, Chinese imports continue to put pressure on domestic prices, leading to potential government intervention. Experts predict steady demand but warn that shifts in raw material costs or policy changes could impact market stability.
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Flat Steel Prices Unchanged; Demand Outlook Positive for February
Flat steel prices remained unchanged across key markets, with HRC and CRC rates holding steady. Demand is expected to remain stable or slightly rise in February, influenced by industrial activity and economic conditions. Market sentiment is improving, with buyers anticipating a more favorable outlook. While production remains steady, global and regulatory factors could influence price movements.
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Flat Steel Prices Remain Stable Across Major Markets; January Sees Steady Demand
Flat steel prices remained stable across major Indian markets, with HRC and CRC showing no significant changes. Demand is stable but cautious due to seasonal factors, while domestic supply is sufficient to meet needs.Industry experts note steady demand from infrastructure and manufacturing sectors, emphasizing inventory management as a key factor amid fluctuating global trends and raw material costs.
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Flat Steel Market Stable; Domestic Demand Supports Growth, Exports Slow
The flat steel market in India remains stable with unchanged HRC and CRC prices. Domestic demand is strong, fueled by government infrastructure projects and key sectors like construction and automotive. However, exports have slowed due to the holiday season.
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Flat Steel Prices Steady as India’s Demand Surges Amid Robust Infrastructure Push
Flat steel prices remain stable across major Indian markets, with demand driven by robust infrastructure initiatives, strong growth in automotive and manufacturing sectors, and revived export opportunities. Despite challenges like raw material volatility, steady domestic consumption and government projects sustain a positive outlook for December 2024.
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