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
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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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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