Primary TMT
Primary make TMT (rebars) are produced from MS billets through the blast furnace (BF) route, resulting in a pure and strong form of steel with no to fewer impur...
Primary Tmt (Fe 500D) 12 to 32mm in Raigarh
₹50,000/MT
0%
3 hours ago
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Daily Market Report
Daily Market Report
Primary TMT Prices Remain Strong as Supply Shortage Continues
Primary TMT prices remain strong, driven by ongoing supply shortages. Distributors report rising demand and anticipate further price increases. The Indian government may implement stricter import regulations to curb substandard steel imports, particularly from China, which could further impact supply dynamics and maintain upward pressure on domestic steel prices.
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Primary TMT Prices Strong as Distributors Anticipate Further Increases
Primar TMT prices have remained strong, with rates in Mumbai and Delhi NCR at Rs. 54,500-55,000/ton, and Rs. 52,500-53,000/ton in Vizag. Material shortages are disrupting supply, and distributors expect further price hikes. Meanwhile, JSW Steel has partnered with BHP and Carbon Clean to advance carbon capture technology in steelmaking to address India’s high emission levels.
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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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