Secondary TMT
Secondary TMT is produced through the electric arc (EA) and induction furnace (IF) route steel which melts scrap and sponge iron. The molten metal is cast into ...
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Daily Market Report
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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.
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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
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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Structure Market Update: Prices Dip in Secondary Markets; Steel Ministry to Intervene on Non-Standardized Steel Imports
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.
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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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Structure Prices High: Primary Market Sees Significant Increases Amid Supply Shortages
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.
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Primary TMT Prices Rise Amid Supply Shortages, Distributors Brace for Further Hikes
Primary TMT prices increased to Rs. 54,500-55,000/ton in Mumbai and Delhi NCR and Rs. 52,500-53,000/ton in Vizag, as distributors raised rates due to shortages in material supply. With SAIL announcing a price hike of Rs. 500/ton, the market is anticipating further increases in the coming days.
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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.
Read Story
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.
Read Story
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