Sponge Iron (FeM 78-80%) in Raipur

Structure prices in the secondary markets are rising due to growing demand, with places like Mandi and Raipur seeing increases. Experts expect continued expansion in the secondary market. Meanwhile, Bokaro Steel Plant's Rs 20,000 crore expansion aims to boost capacity to 7.55 MTPA and aligns with India's steel industry growth targets.

Primary TMT prices remain stable across major regions, with demand holding steady as January ends. Inventory shortages are expected to ease as new material arrives, balancing supply and demand. Market experts predict a potential price rise in February due to increased infrastructure spending and higher import levies on Chinese steel.

Steel structure prices are on the rise, with both secondary and primary markets showing price increases. In the secondary market, prices have surged by up to Rs 400. Meanwhile, the supply chain remains tight, especially for heavy beams, angles, and channels. Demand is expected to continue boosting market growth.

Primary TMT prices remain stable across Mumbai, Delhi NCR, and Vizag. While the current demand and supply are balanced, experts predict a price spike in February, driven by infrastructure-focused budget announcements and reduced Chinese steel imports. India’s steel industry, crucial for GDP growth, faces challenges in meeting ambitious 2030 targets.

Structure prices increased marginally in the secondary markets, with demand improving across regions. Secondary markets like Mandi, Raipur and Durgapur saw smaller hikes. Supply issues remain unresolved for heavy sections in the primary market. Meanwhile, Visakhapatnam Steel Plant avoided merging with SAIL and is focusing on full production by August.

Structure prices in the primary market this month have seen a minor increase of Rs 500/mt for SAIL, JSPL, and RINL. While secondary market prices remain stable, the primary market still faces supply shortages, despite improvements at SAIL's IISCO facility. Demand remains slow, with JSPL planning upgrades to its Raigarh mill to enhance steel production flexibility.

Primary TMT prices remain steady across Mumbai, Delhi NCR, and Vizag, with rising demand suggesting possible price hikes next month. Material shortages are expected to resolve soon. Meanwhile, Union Minister Nitin Gadkari criticized steel cartels for hampering infrastructure development and promotes fibre-reinforced plastic (FRP) as a cost-efficient alternative.

Secondary structure markets experienced a slight decline in key regions like Raipur and Durgapur. Supply issues continue in the primary market, with heavy beams and angles still unavailable despite full operational capacity. Discounts are being offered to boost sluggish demand. Meanwhile, Andhra Pradesh announces a major Rs 1.4 lakh crore investment for a new steel plant by AM/NS.

Primary TMT prices remain stable, with rising demand and limited supply pointing to potential price increases. The market shows positive signs, with supply disruptions expected to ease in the coming days. Meanwhile, PM Modi’s Vizag Steel Plant package raises debates over its long-term impact, despite immediate relief.