Daily Market Report

Primary TMT prices dropped again across major regions amid continued weak demand. Sellers are offering deeper discounts, while distributors maintain adequate inventory. Despite the subdued market, Vizag-based SEIL made headlines by acquiring an Andhra Premier League franchise, blending steel with sport to boost brand visibility. Experts caution that more price cuts may follow unless demand picks up.

Flat steel prices remain unchanged across key Indian markets despite subdued demand due to seasonal factors. Distributors report a lull in HRC and CRC movement, but expectations are bullish for the second half of 2025. Meanwhile, POSCO has frozen stainless steel prices to counter rising imports and stabilize its domestic market.

Steel prices have declined across Mumbai, Delhi NCR, and Vizag due to continued demand weakness and stable inventory levels. Distributors are offering competitive rates to stimulate buying. Meanwhile, Tata Steel faces a GST-related tax demand, although the company maintains there’s no merit in the allegation and plans to contest it.

Steel prices have declined across North, West, and South India, with Ex-Mumbai, Delhi NCR, and Vizag quoting lower rates amid sluggish demand. Distributors are maintaining ample inventories, ensuring smooth availability. Meanwhile, the Ministry of Steel’s abrupt BIS compliance order on inputs threatens disruption, especially for MSMEs and steel importers.

Steel prices across both primary and secondary markets have softened, with secondary mills witnessing deeper cuts due to payment delays, stock overhang, and weak consumption. Monsoon-driven yard clearance and muted institutional buying post-election have added pressure. Mills are deploying discounts and deferred payment terms to manage liquidity and sustain dispatch volumes.

Primary TMT prices fell again across Delhi NCR, Mumbai, and Vizag due to sustained weak demand. Sellers continue cutting prices to stay competitive, while distributors maintain sufficient stock to avoid supply issues. Experts warn of further price corrections if demand doesn’t rebound soon, despite supply-side stability and strategic production cuts by manufacturers.

Structural steel prices have entered a correction phase across both primary and secondary markets. Weak post-election demand, high yard inventories, and payment delays are prompting mills to slash base prices selectively. Mills are focusing on liquidation and deferred deals, with further destocking expected in the coming weeks. Unless demand picks up, prices may continue to soften across key regions.

Primary TMT prices fell this week across key regions, including Delhi NCR, Mumbai, and Vizag, due to sluggish demand. Sellers continue offering lower rates while maintaining stable inventory levels. Despite the slowdown, supply remains steady without major disruptions. Experts anticipate further price corrections if demand remains weak in the coming days.

Track live updates on TMT bar prices in India. Get region-wise rates, daily market trends, and mill-level news.

Primary TMT bar prices have softened across major markets like Mumbai, Delhi NCR, and Vizag, reflecting declining demand and cautious buying behaviour. Despite healthy supply conditions, the market remains sluggish, prompting distributors to cut prices. While production at large firms like JSW Steel remains strong, the near-term market outlook is subdued, with further price corrections possible if demand doesn’t pick up.

Flat steel prices in India remained largely unchanged across key regions, with hot-rolled coil (HRC), cold-rolled coil (CRC), and plate prices showing minimal day-on-day movement. Weak demand from auto, infra, and construction sectors continues to weigh on the market, compounded by weather-related delays. Pressure from low-cost Chinese imports has raised the likelihood of anti-dumping measures.

Structure steel prices witnessed a modest upward correction this week, with improved liquidity and resumed infrastructure billing boosting market sentiment slightly. While base prices remain steady, mills are open to discounts for volume buyers. Dealers are cautiously optimistic, though logistics concerns around the upcoming monsoon season could affect movement.