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

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.

Steel prices across regions remained largely stable amid weak seasonal demand and consistent distributor inventory. The Essar Steel insolvency case resurfaced in NCLT, raising compliance concerns over ArcelorMittal-linked transactions. While manufacturers hold back on major revisions, market sentiment reflects subdued demand, restrained purchasing activity, and cautious supply management.

Procurement in the primary market remains largely need-based, with stockists clearing older inventories and subcontractors showing resistance due to tight budgets. ISMB demand stays firm, driven by metro and highway projects. In the secondary market, fabrication activity has improved post-monsoon in central and eastern states, with Raipur–Raigarh mills running at 70–75% capacity. However, availability remains limited for ISMC 100 and smaller angles.

ArcelorMittal raised HRC offers to €610/ton EXW for Q4 2025, widening the gap with cheaper imports at €490/ton CFR. Demand remains subdued despite seasonal recovery hopes, while supply challenges persist. Upcoming CBAM rules and possible quota cuts may shift buying behavior, supporting EU mills’ pricing power later in 2025.

Flat steel prices remained steady across Indian markets, with traders expecting demand revival post-September. Coated steel stayed firm but lacked traction. Market sentiment is cautiously optimistic ahead of the festive season and infrastructure recovery.

Steel prices fell across major regions as weak demand continues to weigh on the market. Distributors have adjusted prices downward while maintaining steady inventories. The Ministry of Steel is focusing on strengthening the secondary steel sector and promoting green steel initiatives. The outlook remains bearish, with further price cuts expected.

Flat steel prices remained stable across key cities. While local trade activity picked up slightly, overall sentiment remains weak due to excess imports and tepid industrial demand. Government support and upcoming policy shifts may stabilize the market, but caution persists. Buyers are mostly purchasing only on a need basis.

Secondary structural steel prices increased by ₹300–₹600/MT due to tight supply, active fabrication demand, and logistical constraints. The primary market remains stable with selective buying. Mills are ramping up utilization, while localized shortages are emerging in key sections. Buyers should consider near-term bookings amid improving site activity and potential post-monsoon recovery.

Steel prices have increased across regions due to supply shortages caused by maintenance activities at the Angul and Dolvi plants. Despite the usual monsoon lull, demand remains steady. Imports dropped 28.8% in Q1 FY2025, mainly from China and Japan. Domestic producers are adjusting pricing and production strategies amid rising orders and low distributor inventories.