Sponge Iron
Sponge iron is a raw material used in the steel industry. It's produced through the rotary kiln process by reducing iron ore into metallic iron using a reducing...
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Primary TMT Prices Stay High Despite Weak Market Demand; SAIL Maintenance Tightens Supply
Primary TMT prices are holding firm across major regions despite a noticeable drop in demand. Distributors have raised rates amid limited material availability, especially with SAIL’s DSP unit under maintenance. Inquiry volumes have dropped significantly from March levels, signalling a potential downward correction in prices.
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Structure Steel Market Holds Firm; Demand Stays Strong Amid Supply Concerns
Structural steel prices remain firm across both primary and secondary markets, driven by strong infrastructure execution, robust restocking by fabricators, and full mill order books through mid-May. While primary market prices have seen incremental hikes, secondary prices are also on an upward trend, especially for fast-moving sections. Buyers are advised to act early as mills hint at another round of price hikes by late April.
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Primary TMT Prices Remain Strong as Supply Tightens; Demand May Ease Mid-April
Primary TMT prices continue to rise across regions amid a market shortage and earlier bulk purchases by contractors in March. India’s steel demand is projected to grow by 8–9% in 2025, with infrastructure and housing continuing to lead consumption. While current prices remain high, they may ease as buying activity slows.
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Primary TMT Market Stays Strong; India Leads Steel Demand Despite Global Dip
Primary TMT prices increased across Mumbai, Delhi NCR, and Vizag due to increased distributor rates and strong demand from infrastructure projects. India continues to show strong steel consumption despite a global decline, driven by active tenders and capacity utilization. Rising costs and delayed projects, however, are expected to impact overall steel exports.
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Structure Steel Prices Hold Firm as Public Sector Demand Rises
Structure prices remain steady to firm across both primary and secondary markets, fuelled by strong infrastructure demand and rising logistics costs. With key tenders from railways and highways in play, mills are operating at capacity and buyers are locking in prices early. A potential import duty decision and high freight costs are further influencing procurement strategies across regions.
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Primary TMT Prices Hold Firm Despite Demand Dip and Supply Crunch
Primary TMT prices remain steady across major regions despite a slowdown in demand post-March and supply disruptions caused by Tata Steel’s ongoing plant maintenance. Distributors have hiked prices in North, West, and South India, maintaining elevated rates. With production constraints expected to persist, material shortages could continue well into May.
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Structure Steel Prices Rise Across Primary Markets as Demand Soars
Primary structural steel prices continue to rise, driven by strong infrastructure demand, tight supply, and rising input costs. Secondary markets stay largely stable with localized gains, but face pressure from increasing scrap and freight costs. A government decision on steel import duties is expected soon, which could further shape market sentiment.
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Structure Market Update: Prices Firm Amid Rising Demand & Cost Pressures
Structure prices remain firm across both primary and secondary markets due to strong infrastructure-driven demand and rising mill costs. The primary market has seen price increases in key regions like Durgapur, Vizag, and Mumbai, while the secondary market remains stable with moderate demand in Hyderabad and Raipur. Freight costs and scrap price volatility continue to impact secondary manufacturers.
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Flat Steel Market Holds Steady as Demand Recovery Continues
Flat steel prices remain unchanged in most markets, with moderate demand recovery seen in key sectors like automotive and infrastructure. India faces rising import competition, particularly from China, prompting potential anti-dumping measures. Steel demand is projected to grow by 8-9% in 2025, but price volatility and supply chain disruptions remain concerns.
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