Sponge Pellet (FeM 78-80%) in Raigarh

Primary TMT prices have softened across key regions, with distributors reducing rates in response to steady but subdued demand. While there's been a marginal increase in customer requirements, overall inquiries remain flat. Suppliers continue to hold ample inventory and are adopting competitive pricing strategies. Experts expect further price corrections if weak demand trends persist across both primary and secondary markets.

Primary TMT prices continue to soften across major regions like Mumbai, Delhi NCR, and Vizag, with distributors lowering rates amid muted demand. Market activity remains largely flat, with stable yet unremarkable inquiry levels. Suppliers are ensuring uninterrupted availability, while production is running with limited new orders.

Structure prices are under pressure across both primary and secondary markets, with demand slowing due to paused infrastructure projects and election-related delays. Primary mills are operating below capacity, while traders in secondary markets are cautious amid weak inquiry volumes. Inventories are building up, prompting discounts from mills.

TMT bar prices declined across key regions as demand stagnated and distributors adjusted offers downward. Market remains adequately supplied with no disruption risks. Aditya Ultra Steel announced a major investment in solar energy to power operations, enhancing sustainability. Weak buying sentiment may push prices lower in the coming weeks.

Base prices for 100x50 channels remain firm, with primary market rates ranging from Rs 54,200/MT in Durgapur to Rs 58,400/MT in Chennai. Primary mills, backed by strong infra demand and rising input costs, may raise prices mid-May. EPC contracts finalized for Q2 are driving demand for heavy sections like ISMB 500+ and WPBs, with regional shortages emerging.

TMT prices have declined across key regions as distributors respond to weak demand. Market sentiment remains cautious, with further adjustments likely if inquiries don’t improve. Supply remains stable, but sustained low demand could lead to additional price cuts in the coming week.

Structure steel prices remain firm across regions, with primary mills in Chennai and Vizag reporting full bookings until mid-May. Demand from EPCs and infrastructure projects is keeping rolling mills busy, while secondary markets in Raipur and Gobindgarh see brisk sales. With rising coking coal and freight costs, mills may introduce a second round of price hikes by mid-May.

Primary TMT prices dropped slightly across key regions, reflecting a stagnant demand environment and high distributor inventory. Distributors across North, West, and South India adjusted rates downward as inquiry volumes declined. Supply remains stable, with no material shortages expected. Meanwhile, JSW Steel’s mining violation notice was set aside but raised investor concerns, leading to a dip in its stock.

Flat steel prices in India show mild day-to-day variations across major markets, with HRC and CRC demand gradually recovering in May 2025. While input costs rise and production increases, concerns persist over global price pressures and supply disruptions. Steel distributors remain cautiously optimistic, banking on infrastructure growth and regulatory support, profit margin pressures remain key challenges.