Sponge Pellet (FeM 78-80%) in Rourkela

Structure steel prices remain stable in the secondary market, while primary prices saw an increase of Rs. 500/mt. Supply issues in the primary market are being resolved, with heavy beams and channels expected to arrive soon. Secondary mills face no raw material shortages but are offering discounts due to subdued demand.

Flat steel prices remained stable across major Indian markets, with HRC and CRC showing no significant changes. Demand is stable but cautious due to seasonal factors, while domestic supply is sufficient to meet needs.Industry experts note steady demand from infrastructure and manufacturing sectors, emphasizing inventory management as a key factor amid fluctuating global trends and raw material costs.

Primary TMT prices stay steady across major regions, including Mumbai, Delhi NCR, and Vizag. Demand has increased noticeably over the last few days, supported by rising enquiries. Government efforts to restrict Chinese steel imports through heavy taxation may lead to a price surge. Experts predict an upward trend in prices as demand strengthens and the financial year draws to a close.

Steel structure prices have seen a Rs 500/mt increase in the primary market this month, while secondary market prices remain stable across regions today. Supply issues are being resolved, with the SAIL IISCO facility coming back online and secondary mills having ample material. India’s steel demand is expected to rise by 8-9% in 2025, driven by sectors like construction and infrastructure.

Secondary structure prices remain stable today, with minor discounts due to low demand. SAIL’s rolling schedule promises improved heavy beam and channel supply by month-end, while secondary mills maintain adequate inventory. Experts predict short-term demand dips but expect a recovery in secondary markets with new inquiries. Indian steelmakers face profit declines despite rising consumption.

Primary TMT prices remain stable across major regions, with distributors lowering rates this month due to reduced demand. Steel imports reached a six-year high, driven by Chinese shipments, while domestic consumption surged 11.2% year-on-year. Despite steady prices, distributors anticipate potential increases soon.

The structure market has seen price increases across primary and secondary markets, with notable surges in Chennai, Hyderabad, and Raipur. Supply challenges persist, especially in primary markets, despite increased operational capacity at key facilities. Secondary mills are experiencing low demand, leading to temporary discounts.

Structure prices saw a rise in the primary market, with SAIL, JSPL, and RINL increasing rates by Rs 500/mt. Secondary markets remain stable, with discounts offered due to low demand. SAIL expects supply of heavy beams and channels by month-end, addressing current shortages. Additionally, SAIL and John Cockerill India plan a Rs 6,000 crore downstream plant to promote green steel production.

Primary TMT prices have decreased across regions, with Ex-Mumbai and Ex-Delhi NCR prices falling to Rs. 51,500-52,000/mt. Demand has decreased compared to December, and queries are lower this fiscal quarter. India is projected to lead steel demand growth in 2025, driven by housing and infrastructure projects, while domestic supply faces challenges.