Daily Market Report
Tune in to daily market reports on Nexizo to gain insights on the latest market trends.

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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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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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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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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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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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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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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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Cautious Demand in Primary Market, Fabrication Picks Up in Secondary
Procurement in the primary market remains largely need-based, with stockists clearing older inventories and subcontractors showing resistance due to tight budgets. ISMB demand stays firm, driven by metro and highway projects. In the secondary market, fabrication activity has improved post-monsoon in central and eastern states, with Raipur–Raigarh mills running at 70–75% capacity. However, availability remains limited for ISMC 100 and smaller angles.
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ArcelorMittal Raises HRC Offers Amid Import Pressure, Demand Uncertainty in European Market
ArcelorMittal raised HRC offers to €610/ton EXW for Q4 2025, widening the gap with cheaper imports at €490/ton CFR. Demand remains subdued despite seasonal recovery hopes, while supply challenges persist. Upcoming CBAM rules and possible quota cuts may shift buying behavior, supporting EU mills’ pricing power later in 2025.
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India’s Coated Flat Steel Prices Steady; Demand Recovery Seen Post-Festive Season
Flat steel prices remained steady across Indian markets, with traders expecting demand revival post-September. Coated steel stayed firm but lacked traction. Market sentiment is cautiously optimistic ahead of the festive season and infrastructure recovery.
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Steel Prices Slide on Weak Demand, Outlook Bearish
Steel prices fell across major regions as weak demand continues to weigh on the market. Distributors have adjusted prices downward while maintaining steady inventories. The Ministry of Steel is focusing on strengthening the secondary steel sector and promoting green steel initiatives. The outlook remains bearish, with further price cuts expected.
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Flat Steel Market Stable Amid Import Pressure and Weak Demand
Flat steel prices remained stable across key cities. While local trade activity picked up slightly, overall sentiment remains weak due to excess imports and tepid industrial demand. Government support and upcoming policy shifts may stabilize the market, but caution persists. Buyers are mostly purchasing only on a need basis.
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