Daily Market Report

The structural steel market remains stable. Infrastructure demand continues to support price resilience, particularly in Durgapur and Vizag, while logistical constraints affect supply timelines in southern regions. The secondary market is witnessing cautious stock movement in Raigarh and Mandi Gobindgarh due to fluctuating scrap prices. The proposed 12% safeguard duty on steel imports, rising freight costs, and government infrastructure tenders could impact price trends.

Primary TMT prices have seen a sharp increase in March 2025, with rates in Mumbai and Delhi NCR at Rs. 56,000-56,500/mt, while Vizag stands lower at Rs. 53,500-54,000/mt. Distributors have raised prices due to ongoing supply constraints, and further hikes are expected.

Structural steel prices remain firm across both primary and secondary markets, driven by strong infrastructure demand and rising input costs. Durgapur and Chennai saw price hikes due to supply constraints, while the secondary market remains stable with moderate demand in Raipur and Hyderabad. Traders are advised to secure stocks early amid expected price increases.

The Indian flat steel market is witnessing strong demand, with a projected growth rate of 8-9% in 2025, driven by infrastructure, housing, and engineering sectors. However, rising imports from China and other countries pose a challenge to domestic producers. While domestic prices remain stable in most regions, global HRC prices are under pressure. The industry remains optimistic but cautious.

Structural steel prices remain firm, with the primary market seeing steady demand from infrastructure projects and rising mill input costs. The secondary market is witnessing moderate momentum, with fluctuating scrap prices and freight costs influencing regional disparities. Market participants should prepare for further price hikes in key profiles.

Primary TMT prices have increased sharply across major markets due to ongoing material shortages and price hikes by manufacturers and distributors. The market remains unstable, with further price increases expected in the coming weeks. Industry experts suggest that supply constraints will continue to drive up costs, making advance procurement essential for buyers looking to manage price risks effectively.

The secondary market has witnessed a ₹200–₹300/MT price increase due to tightening supply and steady demand recovery. While primary market prices remain firm, rising scrap and freight costs are pressuring mills. Infrastructure demand continues to support price stability, with government tenders expected to influence market trends in the coming weeks.

Primary TMT prices have increased sharply across major markets due to supply shortages and distributor-led hikes. Prices in Mumbai, Delhi NCR, and Vizag have surged, with expectations of further increases. Global trade tensions, including US tariffs and rising Chinese imports, are adding pressure to the Indian steel industry. The market remains volatile, with demand still strong despite higher prices.

Structural steel prices remain steady across primary markets, with slight increases in select regions due to supply constraints. Heavy sections are facing production bottlenecks, leading to delivery delays and localized price hikes. The secondary market is witnessing cautious restocking, with mixed trends in demand across different regions. Buyers in both primary and secondary markets should plan purchases strategically to navigate price volatility.

Flat steel prices remain stable across key markets, with HRC prices ranging from Rs 48,000 (Kolkata) to Rs 51,000 (Ahmedabad & Chennai). Demand is driven by an 8-9% projected growth, fuelled by infrastructure and housing projects. However, rising imports from China, South Korea, and Japan are pressuring domestic mills, prompting the government to consider safeguard duties. India’s market outlook stays cautious despite production growth.

Structural steel prices remain stable, with primary market rates ranging from Rs 51,500 (Durgapur) to Rs 56,500 (Chennai). The secondary market is witnessing gradual improvement in trade volumes, particularly in Raipur and Hyderabad. Supply constraints in heavy sections continue, leading to localized price firming. Experts suggest cautious inventory planning, as a clearer demand recovery is expected by the end of March.

Primary TMT prices have increased sharply across key markets, with distributors increasing rates due to persistent material shortages. Prices now stand at Rs 55,500-56,000/mt in Mumbai and Delhi NCR, and Rs 53,000-53,500/mt in Vizag. The market remains volatile, with expectations of further price hikes. Experts predict continued price increases in March due to supply constraints.