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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Steel Prices Dip Pan-India Amid Demand Slump; BIS Order Sparks Input Concerns
Steel prices have declined across North, West, and South India, with Ex-Mumbai, Delhi NCR, and Vizag quoting lower rates amid sluggish demand. Distributors are maintaining ample inventories, ensuring smooth availability. Meanwhile, the Ministry of Steel’s abrupt BIS compliance order on inputs threatens disruption, especially for MSMEs and steel importers.
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Steel Channel Prices Decline Across India Amid Liquidity Stress and Demand Weakness
Steel prices across both primary and secondary markets have softened, with secondary mills witnessing deeper cuts due to payment delays, stock overhang, and weak consumption. Monsoon-driven yard clearance and muted institutional buying post-election have added pressure. Mills are deploying discounts and deferred payment terms to manage liquidity and sustain dispatch volumes.
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TMT Prices Down Across Regions; SAIL Bets Big on Burnpur
Primary TMT prices fell again across Delhi NCR, Mumbai, and Vizag due to sustained weak demand. Sellers continue cutting prices to stay competitive, while distributors maintain sufficient stock to avoid supply issues. Experts warn of further price corrections if demand doesn’t rebound soon, despite supply-side stability and strategic production cuts by manufacturers.
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Structural Steel Prices Dip as Demand Recovery Remains Elusive
Structural steel prices have entered a correction phase across both primary and secondary markets. Weak post-election demand, high yard inventories, and payment delays are prompting mills to slash base prices selectively. Mills are focusing on liquidation and deferred deals, with further destocking expected in the coming weeks. Unless demand picks up, prices may continue to soften across key regions.
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Primary TMT Prices Slide Further as Demand Slows Across Regions
Primary TMT prices fell this week across key regions, including Delhi NCR, Mumbai, and Vizag, due to sluggish demand. Sellers continue offering lower rates while maintaining stable inventory levels. Despite the slowdown, supply remains steady without major disruptions. Experts anticipate further price corrections if demand remains weak in the coming days.
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TMT Price Live Updates: Daily Rates, Market Trends, and More Insights
Track live updates on TMT bar prices in India. Get region-wise rates, daily market trends, and mill-level news.
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TMT Bar Prices Dip Further as Demand Weakens and Trade Uncertainty Grows
Primary TMT bar prices have softened across major markets like Mumbai, Delhi NCR, and Vizag, reflecting declining demand and cautious buying behaviour. Despite healthy supply conditions, the market remains sluggish, prompting distributors to cut prices. While production at large firms like JSW Steel remains strong, the near-term market outlook is subdued, with further price corrections possible if demand doesn’t pick up.
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Flat Steel Prices Hold Steady Amid Weak Demand, Import Concerns Loom Large
Flat steel prices in India remained largely unchanged across key regions, with hot-rolled coil (HRC), cold-rolled coil (CRC), and plate prices showing minimal day-on-day movement. Weak demand from auto, infra, and construction sectors continues to weigh on the market, compounded by weather-related delays. Pressure from low-cost Chinese imports has raised the likelihood of anti-dumping measures.
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Structure Steel Prices See Mild Rebound Amid Liquidity Push
Structure steel prices witnessed a modest upward correction this week, with improved liquidity and resumed infrastructure billing boosting market sentiment slightly. While base prices remain steady, mills are open to discounts for volume buyers. Dealers are cautiously optimistic, though logistics concerns around the upcoming monsoon season could affect movement.
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