MS Billets
MS billets are the backbone of steel production and are considered ideal for manufacturers and industries alike due to their consistent quality, availability an...
Ms Billets 100x100 mm in Raigarh
₹40,900/MT
0%
3 hours ago
Pan India Delivery
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Flat Steel Prices Stable, Participants Remain on Wait and Watch Approach
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Primary Structure Prices Remain Strong, Secondary Slightly Changed
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Primary TMT Prices Remain Strong as Supply Shortage Continues
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Primary TMT Prices Strong as Distributors Anticipate Further Increases
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Primary TMT Prices Steady as Market Faces Material Shortfalls
Primary TMT prices have remained strong across regions. Distributors are anticipating further price hikes due to material shortages impacting supply and demand. Meanwhile, JSW Steel reported a record crude steel production of 6.77 million tons in Q2 FY25, reflecting a 6% year-over-year increase.
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Structure Prices High Due to Supply Chain Challenges and Raw Material Shortages
Structure prices have remained strong, with SAIL, VSP, and JSPL increasing rates due to material shortages and higher demand. Secondary market prices are also strong due to increased demand for TMT and limited billet supply. Meanwhile, ArcelorMittal Nippon Steel India's CEO has called for a doubling of customs duty to combat steel dumping from China.
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Daily Market Report
Flat Steel Prices Stable, Participants Remain on Wait and Watch Approach
Flat steel prices remain stable as market participants adopt a wait-and-watch approach. Analysts monitor demand trends post-Diwali, anticipating potential shifts influenced by market sentiment and seasonal factors in the coming weeks.
Read Story
Primary Structure Prices Remain Strong, Secondary Slightly Changed
Primary manufacturers raised prices significantly, with SAIL and VSP leading. RINL’s operational suspension causes shortages, especially in round bars. Secondary market prices rise due to increased demand and limited billet availability, tightening supply across regions.
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Primary TMT Prices Remain Strong as Supply Shortage Continues
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