Noble Sponge Pellet (FeM 78-80%) in Kanchipuram

Structure prices remain firm across both primary and secondary markets due to strong infrastructure-driven demand and rising mill costs. The primary market has seen price increases in key regions like Durgapur, Vizag, and Mumbai, while the secondary market remains stable with moderate demand in Hyderabad and Raipur. Freight costs and scrap price volatility continue to impact secondary manufacturers.

Flat steel prices remain unchanged in most markets, with moderate demand recovery seen in key sectors like automotive and infrastructure. India faces rising import competition, particularly from China, prompting potential anti-dumping measures. Steel demand is projected to grow by 8-9% in 2025, but price volatility and supply chain disruptions remain concerns.

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.

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.

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.

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.

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.

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.

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.