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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Secondary TMT Market Reports
Secondary TMT Market Reports
Primary TMT Market Sentiment Slows as Trends Shift
Primary TMT prices remained stable across major regions like Mumbai, Delhi NCR, and Vizag despite stagnant demand and declining inquiry volumes in November. Supply remains sufficient, even with maintenance activities at SAIL ISP. Customers remain hesitant to commit to purchases, anticipating further price reductions.
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SAIL Cuts Prices but Primary TMT Market Faces Slowed Demand and Uncertain Outlook
Primary TMT prices have been slightly reduced by SAIL and increased by distributors across various regions. Despite price reductions, demand for primary TMT has slowed down, and the market seems stagnant. Meanwhile, the Indian government is pushing for sustainable practices in the steel industry, with a focus on innovation and reducing emissions.
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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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