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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Daily Market Report
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Primary TMT Prices Rise Amid Strong Domestic Consumption
India’s primary TMT prices have increased across key regions, with distributors in the North, West, and South raising prices. The market is being shaped by rising steel imports, which surged 15.8% year-on-year, leading to a proposed 12% safeguard duty. Despite falling exports (-33.7%), strong domestic consumption (+11.3%) continues to support market stability.
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Primary Structure Prices Hold Firm as Demand from Infrastructure Projects Grows
The structural steel market remains stable. Infrastructure demand continues to support price resilience, particularly in Durgapur and Vizag, while logistical constraints affect supply timelines in southern regions. The secondary market is witnessing cautious stock movement in Raigarh and Mandi Gobindgarh due to fluctuating scrap prices. The proposed 12% safeguard duty on steel imports, rising freight costs, and government infrastructure tenders could impact price trends.
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Primary TMT Prices Continue to Rise, Distributors Expect Further Hikes
Primary TMT prices have seen a sharp increase in March 2025, with rates in Mumbai and Delhi NCR at Rs. 56,000-56,500/mt, while Vizag stands lower at Rs. 53,500-54,000/mt. Distributors have raised prices due to ongoing supply constraints, and further hikes are expected.
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Structural Steel Prices Firm as Demand Rises Across Markets
Structural steel prices remain firm across both primary and secondary markets, driven by strong infrastructure demand and rising input costs. Durgapur and Chennai saw price hikes due to supply constraints, while the secondary market remains stable with moderate demand in Raipur and Hyderabad. Traders are advised to secure stocks early amid expected price increases.
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India’s Flat Steel Market: Growth Continues Amid Import Challenges
The Indian flat steel market is witnessing strong demand, with a projected growth rate of 8-9% in 2025, driven by infrastructure, housing, and engineering sectors. However, rising imports from China and other countries pose a challenge to domestic producers. While domestic prices remain stable in most regions, global HRC prices are under pressure. The industry remains optimistic but cautious.
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Structure Prices Stay Strong as Demand Strengthens
Structural steel prices remain firm, with the primary market seeing steady demand from infrastructure projects and rising mill input costs. The secondary market is witnessing moderate momentum, with fluctuating scrap prices and freight costs influencing regional disparities. Market participants should prepare for further price hikes in key profiles.
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Sharp Price Hike in Primary TMT as Distributors Raise Rates
Primary TMT prices have increased sharply across major markets due to ongoing material shortages and price hikes by manufacturers and distributors. The market remains unstable, with further price increases expected in the coming weeks. Industry experts suggest that supply constraints will continue to drive up costs, making advance procurement essential for buyers looking to manage price risks effectively.
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Structural Steel Market Update: Prices Rise Amid Supply Constraints
The secondary market has witnessed a ₹200–₹300/MT price increase due to tightening supply and steady demand recovery. While primary market prices remain firm, rising scrap and freight costs are pressuring mills. Infrastructure demand continues to support price stability, with government tenders expected to influence market trends in the coming weeks.
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Primary TMT Prices Jump Across India – Supply Woes Continue
Primary TMT prices have increased sharply across major markets due to supply shortages and distributor-led hikes. Prices in Mumbai, Delhi NCR, and Vizag have surged, with expectations of further increases. Global trade tensions, including US tariffs and rising Chinese imports, are adding pressure to the Indian steel industry. The market remains volatile, with demand still strong despite higher prices.
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