Sponge Pellet Price (FeM 78-80%) in Durgapur

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.

TMT bar prices remained stable this week across all key regions, with trading activity subdued due to seasonal slowdown. While short-term demand remains weak, long-term fundamentals are supported by infrastructure investments and government-led steel capacity expansion. Market sentiment is cautious yet balanced, with post-monsoon construction expected to lift demand.

India’s structural steel market remained steady to firm in early November 2025, supported by improved liquidity and steady post-festive demand. Primary mills maintained current price levels, though an upward revision of ₹200–₹300/MT is anticipated in the coming week if buying momentum holds. Secondary markets, especially in Raipur, Durgapur, and Mandi Gobindgarh, showed a bullish tone with tight supply in small channels and equal angles amid strong fabrication demand. Stock replenishment continued moderately in western and southern regions, while trade in the east and NCR stayed cautious due to fund rotation issues.

India’s flat steel market remains steady, with no major changes in HRC and CRC prices across key cities. Demand is stable but cautious, supported by infrastructure and housing projects. While imports and maintenance shutdowns influence supply, mills may adjust output to balance weak demand and maintain pricing stability.

India’s steel market continues to face pressure from oversupply and muted trade sentiment, with both flat and long products extending losses through October. While post-festive demand could offer short-term relief, structural challenges such as inventory overhang and global surplus are expected to keep prices subdued in the coming quarter.

TMT bar prices across major regions - Mumbai, Delhi NCR, and Vizag - remained steady amid continued demand weakness and sufficient inventory. Despite subdued construction activity and raw material constraints, manufacturers are maintaining price stability. Market sentiment remains cautious, though medium-term prospects hinge on infrastructure and housing demand recovery.

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.

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.

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.