Hot Rolled Plates (E350 BR) 2.5 - 10mm x 1250mm in Chennai

Flat steel prices have remained stable across key markets, with HRC and CRC prices unchanged from the previous day. Demand is expected to stay strong due to ongoing infrastructure and construction projects, automotive needs, and manufacturing sector activity. The sentiment is cautiously optimistic as buyers and distributors prepare for potential cost increases in the near term.

The steel structure market is seeing fluctuations due to recent price hikes by primary producers like SAIL and RINL, while the secondary market remains stable. Supply constraints are a key concern, particularly in the primary segment, with plants undergoing maintenance and limited availability of crucial materials.

Primary TMT prices have been slightly reduced by SAIL and increased by distributors across various regions. Despite price reductions, demand for primary TMT has slowed down, and the market seems stagnant. Meanwhile, the Indian government is pushing for sustainable practices in the steel industry, with a focus on innovation and reducing emissions.

Primary TMT prices have remained relatively stable, with distributors increasing prices in various regions. SAIL recently lowered its prices, but demand for the material has slowed in comparison to previous months. The Indian government is considering a temporary tax on Chinese steel imports to counteract the negative impact on local prices and margins.

The structure market saw price hikes in the primary segment, driven by supply challenges and maintenance issues at the IISCO facility. Secondary market prices remain stable, with adequate inventory for standard sizes. Rising steel imports under FTAs pose challenges to the domestic market, as calls for higher tariffs face limitations.

The primary market for steel structures saw price increases this month. However, supply issues are a concern, particularly due to the ongoing maintenance of the IISCO facility, which produces high-demand structures. Meanwhile, the secondary market remains stable for conventional sizes but is facing a decline due to reduced demand and the falling price of iron ore in China.

Primary TMT prices have remained relatively stable across key regions like Mumbai, Delhi, and Vizag, despite price hikes from distributors. Demand in the market is sluggish, with low inquiries and even lower conversion rates, as buyers focus more on negotiating prices than on making purchases. Meanwhile, the Indian government is addressing rising steel imports.

Primary TMT prices remain stable across regions. Despite sufficient supply, demand has remained low, with buyers hesitant to close deals. Distributors are engaging in price negotiations due to high inventory levels. Meanwhile, analysts project higher demand and profitability for steel companies in Q3FY25, driven by cost efficiency and stable input prices.

Structure prices have seen notable changes this month, with SAIL and RINL implementing price hikes in their latest revisions. The IISCO plant's 45-day maintenance has caused a significant supply crunch in primary materials, while secondary markets remain stable but face declining inquiries and minimal demand.