Sponge Pellet
Sponge pellets, also known as Direct Reduced Iron (DRI) pellets, are widely used in electric arc furnaces and induction furnaces for producing high-quality stee...
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India’s Iron Ore Imports Surge Amid Odisha Output Slump
Indian steel prices are under pressure due to weaker raw material imports, though domestic production is shifting geographically. While import volumes are declining, cumulative figures remain high, suggesting continued reliance on overseas supply. Domestic production is down overall, but gains in secondary hubs are offsetting drops in key states like Odisha.
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Structural Steel Market Holds Firm; Possible Price Hike Expected Post-20th October
Channel steel prices held steady across primary and secondary markets, supported by strong fabrication demand and low stock levels. Secondary markets showed a bullish undertone, while primary mills signaled possible price revisions post-20th October. Distributors maintained moderate replenishment, and firm downstream activity supported overall market sentiment ahead of the festive period.
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Indian HRC Market Faces Pressure Amid Weak Demand and Oversupply Concerns
Flat steel prices remained largely unchanged across key Indian markets. Weak domestic demand, inventory pressures, and cautious production by smaller mills keep HRC under stress. Exports hit a 1.5-year high in September, driven by EU and Middle East shipments. Market sentiment remains cautious amid policy uncertainty and potential safeguard duties.
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TMT Bar Prices Edge Up on Festive Demand and Post-Monsoon Recovery
TMT bar prices remained largely stable with a mild upward trend across regions. Improved post-monsoon demand and festive season buying are driving gradual recovery. Primary mills announced a ₹1,000/ton price hike, supported by healthy distributor inventories and stable supply. The sector also saw key policy and sustainability developments.
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Structural Steel Market Steady with Cautious Sentiment; Secondary Sector Gains Post-Monsoon Momentum
Channel steel prices remained steady this week, with the secondary market showing renewed firmness post-monsoon. Primary mills maintained base levels amid cautious trading. Tight supply in Raipur and Mandi Gobindgarh supports a mildly bullish near-term outlook. Buyers are advised to secure short-term needs before potential price increases mid-October.
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India’s HRC Market Faces Short-Term Constraints but Medium-Term Demand Outlook Remains Strong
Markets reported no price changes in HRC and CRC compared to the previous day in a few geographical locations. India’s HRC demand is expected to remain strong in the medium term, but short-term consumption is limited due to cautious buyer sentiment.
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TMT Steel Market Steady Amid Weak Demand; Shree TMT Earns 5-Star Green Steel Rating
TMT steel prices remain stable across regions, with Ex-Mumbai at ₹46,500–47,000/ton, Ex-Delhi NCR at ₹47,000–47,500/ton, and Ex-Vizag at ₹44,000–44,500/ton. Weak seasonal demand keeps sellers cautious, while distributors maintain steady inventories. Shree TMT earns a 5-Star Green Steel Certificate, reinforcing sustainability leadership despite subdued market activity.
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Secondary Channel Prices Firm on Post-Monsoon Demand; Primary Mills Steady
Primary 100×50 channel prices remain steady at ₹50,200-₹54,200/ton, while secondary markets strengthen on post-monsoon construction activity. Tightening stocks and rising fabrication demand in central and eastern India suggest a ₹200-₹400/ton uptick soon. Primary mills may trim prices slightly if secondary momentum cools before mid-September.
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TMT Prices Steady Amid Monsoon-Driven Weak Demand
Steel prices across Mumbai, Delhi NCR, and Vizag remain stable as distributors manage inventories amid weak seasonal demand. Shree TMT achieved recognition as one of India’s top 10 steel bar manufacturers, reinforcing its leadership in quality and innovation. Market sentiment stays cautious, with subdued buying and limited scope for further price cuts.
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