Railways
Get the competitive edge and be the first one to bid on Indian railway projects with the latest government tender updates on Nexizo.ai. Here you can find all th...
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Daily Market Report
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MS ERW, DI Pipe Prices Sink to Multi-Quarter Lows Amid Monsoon-Led Weak Demand
Pipe prices remain under pressure with DI quoted at ₹67/kg (≤150 mm) and ₹58/kg (>150 mm), while MS pipes trade at ₹55–58/kg. Monsoon slowdowns have weakened demand across MS ERW and DI pipes, despite new capacity additions and infrastructure projects. High inventories and discounts continue to dominate the market.
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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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China PP Market Stagnant Amid Supply Pressure and Weak Demand
Polypropylene (PP) prices stayed stable in Asian markets but weakened domestically with a 1% decline in August. Falling crude and propane costs reduced support, while higher output and inventories added pressure. Demand stayed sluggish amid seasonal lows and cautious buying. Experts expect a stagnant market in the near term.
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Nickel, Copper Hold Firm; Stainless Steel Mixed as JSL Hikes Prices
Nickel is trading at $14,915/ton and copper at $9,714.5/MT, with INR at 87.44/USD. Stainless steel prices remain steady across grades, while scrap prices show firm levels. Demand is weak in the 300 series but strong in the 200 and 400 series. JSL recently raised prices by ₹5–12/kg.
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Zinc Cautious at MCX Support Despite LME Gains
Zinc prices remain steady across exchanges, with LME trading near $2,770/mt and MCX at ₹264.10/kg. Inventories fell, but a global surplus is projected for 2025. Market sentiment stays cautious despite recent gains, with support seen at ₹263/kg and resistance near ₹266–268/kg. Supply disruptions remain the key upside risk.
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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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PP Exports Struggle Amid Asian Price Flood, Oversupply Pressures Intensify
U.S. Polypropylene (PP) export prices weakened this week due to oversupply and competitive Asian cargoes. Demand remains muted in overseas markets, while U.S. sellers face mounting inventory pressure and intensify price cuts. Market sentiment stays bearish with limited short-term recovery expected.
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PVC Prices Hold in Narrow Range as Weak Demand Offsets Early-Week Gains
China’s PVC spot market saw minimal weekly movement, with early gains erased by week’s end. Prices remain range-bound as supply stays stable and demand weakens. Soft dealer offers, low inquiries, and volatile crude oil cap upside potential. Short-term outlook suggests continued narrow fluctuations without strong upward momentum.
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DI Pipe Prices Stay Firm Amid Tight Supply; MS ERW Stable as Demand Seen Rising Post-Monsoon
DI 58 pipe prices remain above ₹200/kg on tight supply and project delays, while DI 68 trades at ₹100–150/kg. MS ERW prices are stable at ₹59,000/ton (primary) and ₹56,000/ton (secondary). Demand is subdued now but expected to rise post-monsoon, driven by infrastructure and water supply schemes.
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Railway Industry Bytes: Top Stories at a Glance
Latest Railway Tenders You Can Bid On
Blogs & Insights
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How Does the Global Supply Chain Affect Steel Prices Per Kg?
Published on: Aug 27, 2025
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How do Tariffs on Steel Affect Prices?
Published on: Jul 30, 2025
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TMT Bar Price Today: Brand-Wise, Location-Wise & Grade-Wise Updates (June 2025)
Published on: Jun 6, 2025
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Mild Steel Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
Published on: May 15, 2025
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CRC Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024-2025)
Published on: Apr 21, 2025
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HRC Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
Published on: Apr 21, 2025
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Stainless Steel 304 Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
Published on: Apr 17, 2025
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What the New U.S. Tariffs Mean for Indian Steel? The Long-Term Impact and Future Outlook
Published on: Apr 11, 2025
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Railway Construction: How to Overcome Supply Chain Challenges
Published on: Mar 26, 2025
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Top 10 Steel Companies in India (2025)
Published on: Nov 21, 2024
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