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1 day agoHot Rolled PlatesMS Hot Rolled CoilsCold Rolled Coils

Indian Steel Market Faces Festive Lull; Prices Under Pressure Amid High Inventories and Weak Demand

India’s steel market continues to face pressure from oversupply and muted trade sentiment, with both flat and long products extending losses through October. While post-festive demand could offer short-term relief, structural challenges such as inventory overhang and global surplus are expected to keep prices subdued in the coming quarter.
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1 day agoPrimary TMTSecondary TMT

TMT Prices Hold Steady Amid Weak Demand and Adequate Inventories

TMT bar prices across major regions - Mumbai, Delhi NCR, and Vizag - remained steady amid continued demand weakness and sufficient inventory. Despite subdued construction activity and raw material constraints, manufacturers are maintaining price stability. Market sentiment remains cautious, though medium-term prospects hinge on infrastructure and housing demand recovery.
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9 days agoMS ChannelMS BeamMS Angle

Structural Steel Market Holds Firm; Possible Price Hike Expected Post-20th October

Channel steel prices held steady across primary and secondary markets, supported by strong fabrication demand and low stock levels. Secondary markets showed a bullish undertone, while primary mills signaled possible price revisions post-20th October. Distributors maintained moderate replenishment, and firm downstream activity supported overall market sentiment ahead of the festive period.
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14 days agoHot Rolled PlatesMS Hot Rolled CoilsCold Rolled Coils

Indian HRC Market Faces Pressure Amid Weak Demand and Oversupply Concerns

Flat steel prices remained largely unchanged across key Indian markets. Weak domestic demand, inventory pressures, and cautious production by smaller mills keep HRC under stress. Exports hit a 1.5-year high in September, driven by EU and Middle East shipments. Market sentiment remains cautious amid policy uncertainty and potential safeguard duties.
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14 days agoPrimary TMTSecondary TMT

TMT Bar Prices Edge Up on Festive Demand and Post-Monsoon Recovery

TMT bar prices remained largely stable with a mild upward trend across regions. Improved post-monsoon demand and festive season buying are driving gradual recovery. Primary mills announced a ₹1,000/ton price hike, supported by healthy distributor inventories and stable supply. The sector also saw key policy and sustainability developments.
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23 days agoMS AngleMS BeamMS Channel

Structural Steel Market Steady with Cautious Sentiment; Secondary Sector Gains Post-Monsoon Momentum

Channel steel prices remained steady this week, with the secondary market showing renewed firmness post-monsoon. Primary mills maintained base levels amid cautious trading. Tight supply in Raipur and Mandi Gobindgarh supports a mildly bullish near-term outlook. Buyers are advised to secure short-term needs before potential price increases mid-October.
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27 days agoHot Rolled PlatesMS Hot Rolled CoilsSS Hot Rolled Coils

India’s HRC Market Faces Short-Term Constraints but Medium-Term Demand Outlook Remains Strong

Markets reported no price changes in HRC and CRC compared to the previous day in a few geographical locations. India’s HRC demand is expected to remain strong in the medium term, but short-term consumption is limited due to cautious buyer sentiment.
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1 month agoPrimary TMTSecondary TMT

TMT Steel Market Steady Amid Weak Demand; Shree TMT Earns 5-Star Green Steel Rating

TMT steel prices remain stable across regions, with Ex-Mumbai at ₹46,500–47,000/ton, Ex-Delhi NCR at ₹47,000–47,500/ton, and Ex-Vizag at ₹44,000–44,500/ton. Weak seasonal demand keeps sellers cautious, while distributors maintain steady inventories. Shree TMT earns a 5-Star Green Steel Certificate, reinforcing sustainability leadership despite subdued market activity.
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1 month agoSponge IronSponge PelletMS Billets

India’s Iron Ore Imports Surge Amid Odisha Output Slump

Indian steel prices are under pressure due to weaker raw material imports, though domestic production is shifting geographically. While import volumes are declining, cumulative figures remain high, suggesting continued reliance on overseas supply. Domestic production is down overall, but gains in secondary hubs are offsetting drops in key states like Odisha.
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1 month agoMS AngleMS ChannelMS Beam

Secondary Channel Prices Firm on Post-Monsoon Demand; Primary Mills Steady

Primary 100×50 channel prices remain steady at ₹50,200-₹54,200/ton, while secondary markets strengthen on post-monsoon construction activity. Tightening stocks and rising fabrication demand in central and eastern India suggest a ₹200-₹400/ton uptick soon. Primary mills may trim prices slightly if secondary momentum cools before mid-September.
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1 month agoSecondary TMTPrimary TMT

TMT Prices Steady Amid Monsoon-Driven Weak Demand

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.
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1 month agoPrimary TMTSecondary TMT

TMT Prices Steady Amid Weak Demand, Monsoon Impact

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.
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