Wire Rods 5.5 mm in Durgapur

Structure steel prices saw mixed trends, with primary players SAIL, JSPL, and RINL raising prices this month by Rs 500/MT, while the secondary market declined due to weak demand. Heavy beams, angles, and channels in the primary market are selling out fast, causing supply constraints. Experts anticipate continued weakness in the secondary market as demand remains subdued.

Primary TMT prices increased across North, West, and South India, with Mumbai and Delhi NCR rates touching Rs 52,500/MT. Demand is expected to grow by 8-9% in 2025, driven by infrastructure and construction projects. However, competitive imports, especially from China, continue to challenge domestic manufacturers. Experts warn that market volatility and imports may impact pricing, making government intervention crucial for industry stability.

The flat steel market remained stable, with no major price changes in HRC and CRC across key locations. Demand is expected to grow by 8-9% in 2025, driven by infrastructure and housing projects, despite challenges from rising imports. Ex-India HRC prices are steady due to sluggish trading activity, and market sentiment remains cautiously optimistic.

The primary structure market sees a Rs 500/mt price hike in February from SAIL, JSPL, and RINL, driven by strong demand. Meanwhile, the secondary market remains stable but is impacted by weak demand, leading to lower prices for raw materials and finished products. Anti-dumping investigations targeting all steel imports, not just Chinese steel, are expected to strengthen India's steel industry by improving margins and capital expenditure, fostering long-term growth, as per Jefferies analysts.

Primary TMT prices have increased across major regions in February due to rising distributor rates and material shortages. Demand remains stable but is expected to surge in March. Meanwhile, India faces rising steel imports amid concerns over redirected shipments from US tariff-affected exporters.

Primary structure prices rise in Februrary amid strong demand, while the secondary market remains stable despite subdued sentiments and price pressure. The government approves ₹10,300 crore for RINL revival, aiming to enhance capacity utilization and drive financial recovery in the sector.

Primary TMT prices have increased across major markets as distributors raise rates. Demand remains steady, with a significant rise expected in March. The U.S. tariff on steel and aluminium impacts India's exports, while RBI’s reserves provide stability. Experts predict further price hikes due to material shortages.

Flat steel prices remained unchanged across major markets, with demand growing at 8-9% due to infrastructure and housing projects. However, Chinese imports continue to put pressure on domestic prices, leading to potential government intervention. Experts predict steady demand but warn that shifts in raw material costs or policy changes could impact market stability.

Structure steel prices in the secondary market declined, with Raipur, Durgapur, and Mandi seeing drops. Meanwhile, primary market prices increased by Rs 500/mt this month. The primary market faces supply shortages, while the secondary market has ample stock but sluggish demand. Experts predict further weakness in secondary market prices.