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 ...
Secondary TMT (Fe 500) 10-25 mm in Durgapur
₹41,400/MT
0.2%
7 hours ago
Pan India Delivery
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The average price last month was ₹45,200. Get updates on price drops.
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Secondary TMT Market Reports
Primary TMT Market Update: Prices Stable, But Demand Remains Sluggish
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.
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Primary TMT Prices Remain Steady as Demand Faces Challenges
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.
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Low Demand Keeps Primary TMT Prices Negotiable Despite Sufficient Supply
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.
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