Ms Channel (E250 BR) 100 x 50mm in Raipur

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.

Prices for structure have decreased across secondary markets. Raipur, Mandi, Durgapur and Hyderabad prices dropped, while Chennai remained stable. The RINL plant closure has worsened material shortages, particularly for round bars and large sections. Meanwhile, India's steel ministry is planning to intervene in imports of non-standardized steel to ensure quality.

Structure prices have risen in the primary market, with SAIL increasing prices by Rs 2,000/ton, and VSP and JSPL raising theirs by Rs 1,000-2,500/ton. The secondary market remains stable, but a shortage of materials is impacting supply. According to a new report, increased Chinese steel prices may provide relief to Indian manufacturers.

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.

Structural steel prices have increased, with SAIL increasing by Rs 2000/ton and other major players following suit. The scarcity of RINL material and shutdowns are impacting supply, while secondary mills face rising costs due to growing TMT demand. However, government intervention is being planned to address RINL's financial woes.

Structure prices remain stable in most regions except Mandi, which saw a Rs 200 increase. Primary market prices are expected to rise with upcoming rate revisions. Secondary mills are managing standard size supply, but increased TMT demand is causing billet shortages, driving up costs.

Structure prices have risen across secondary markets, with Raipur and Chennai up by Rs 500 and Hyderabad up by Rs 600. Primary market price revisions are expected in a few days. Supply issues persist, especially with RINL materials, which is driving prices higher. Notably, Tata Steel has halted operations at its Port Talbot plant in the UK.

Structure prices increased across regions. Secondary market prices are climbing due to rising TMT demand and limited billet availability. The upcoming shutdown of the RINL facility has caused a significant supply shortage, particularly for round bars. Meanwhile, Indian Railways forecasts reduced domestic iron ore freight but higher export growth.

Structure prices in the secondary market remain stable across regions. The imminent closure of RINL has resulted in material shortages, especially in round bars and large structural sections. In a notable development, the steel ministry is pushing for a merger between debt-ridden RINL and SAIL to stabilize the situation and avoid privatisation.