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

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/rebar prices remain stable across major regions as demand stays soft and distributors manage inventories cautiously. Mills are aligning production with market sentiment, preventing oversupply. Policy reviews, new mill developments, shifting import–export trends, and regulatory updates are shaping the near-term outlook. A stronger recovery is expected as construction and infrastructure activity picks up.

Flat steel prices remain unchanged across major markets, with HRC hovering around ₹47,000–₹51,500/MT and sluggish demand persisting post-festivals. Tight mill supply, rising imports, soft global sentiment, and cautious buying are keeping the domestic market range-bound with a mildly negative bias.

The structural steel market maintains a firm tone, with the secondary segment leading due to tight supply and strong demand for channels and angles. Primary mills remain cautiously optimistic, awaiting mid-November pricing cues. Stockists are actively replenishing inventories in the West and South, while trade liquidity has improved post-festive season across major hubs.

Steel prices remain stable across major hubs despite weak post-monsoon demand. Distributors are managing inventory cautiously, while mills are calibrating production to prevent oversupply. With India emerging as a net steel exporter and new investments under the PLI scheme gaining traction, the medium-term demand outlook — especially for TMT — appears increasingly positive.

HRC and CRC prices across key Indian markets remain largely steady, with marginal day-to-day movements reflecting local factors. Demand is stable but cautious as mills manage supply through maintenance shutdowns and reduced imports. Tata Steel's Q2FY'26 performance highlights resilience in the sector despite cost pressures. Near-term pricing sentiment remains cautious, with limited upside given mixed market signals.

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.