Wire Rods 5.5 mm in Durgapur

Primary TMT prices remained stable after a Rs 1,000/ton drop. Market demand has decreased due to persistent rain, but suppliers are willing to negotiate prices. JSW Steel's July production increased, but profits declined sharply in Q1 FY25. Mills may continue cutting prices as demand softens ahead of the holidays.

Primary TMT prices fell by Rs 1,000/ton across major locations. Monsoon impacts demand and ample inventory prevents supply issues despite ongoing maintenance. Demand remains low to stagnant, and mills may announce more price reductions.

The steel structure market is seeing fluctuations due to recent price hikes by primary producers like SAIL and RINL, while the secondary market remains stable. Supply constraints are a key concern, particularly in the primary segment, with plants undergoing maintenance and limited availability of crucial materials.

Primary TMT prices have been slightly reduced by SAIL and increased by distributors across various regions. Despite price reductions, demand for primary TMT has slowed down, and the market seems stagnant. Meanwhile, the Indian government is pushing for sustainable practices in the steel industry, with a focus on innovation and reducing emissions.

Primary TMT prices have remained relatively stable, with distributors increasing prices in various regions. SAIL recently lowered its prices, but demand for the material has slowed in comparison to previous months. The Indian government is considering a temporary tax on Chinese steel imports to counteract the negative impact on local prices and margins.

The structure market saw price hikes in the primary segment, driven by supply challenges and maintenance issues at the IISCO facility. Secondary market prices remain stable, with adequate inventory for standard sizes. Rising steel imports under FTAs pose challenges to the domestic market, as calls for higher tariffs face limitations.

The primary market for steel structures saw price increases this month. However, supply issues are a concern, particularly due to the ongoing maintenance of the IISCO facility, which produces high-demand structures. Meanwhile, the secondary market remains stable for conventional sizes but is facing a decline due to reduced demand and the falling price of iron ore in China.

Primary TMT prices have remained relatively stable across key regions like Mumbai, Delhi, and Vizag, despite price hikes from distributors. Demand in the market is sluggish, with low inquiries and even lower conversion rates, as buyers focus more on negotiating prices than on making purchases. Meanwhile, the Indian government is addressing rising steel imports.

Primary TMT prices remain stable across regions. Despite sufficient supply, demand has remained low, with buyers hesitant to close deals. Distributors are engaging in price negotiations due to high inventory levels. Meanwhile, analysts project higher demand and profitability for steel companies in Q3FY25, driven by cost efficiency and stable input prices.