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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Stainless Steel Prices Firm as JSL Hikes by Rs 3/kg and Supply Tightens Across Grades
Stainless steel prices across 200, 300, and 400 series are trending higher due to tightening supply and increased demand, especially in domestic markets. Jindal Stainless Limited raised prices by Rs 3/kg for widths above 1300mm. Meanwhile, scrap buying rates remain high, reflecting bullish sentiment. Price expectations remain firm across all series due to ongoing logistical and regulatory constraints.
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LME Zinc Dips Slightly; SHFE and MCX Hold Firm
Zinc prices remained mixed across global exchanges. LME dipped slightly, while SHFE and MCX posted modest gains. While China’s Q1 growth beat expectations, zinc fundamentals were weighed down by higher refined output. Meanwhile, supply concerns resurfaced due to production cuts at Nyrstar and potential slowdowns elsewhere. Spot premiums stayed elevated, but trading activity slowed as buyers relied on earlier low-price stockpiles.
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Global ABS Market Under Strain as Oversupply Meets Weak Demand in March 2025
ABS prices stayed firm across Indian cities, but global market sentiment remains weak due to oversupply and sluggish demand from automotive and appliance sectors. Despite stable raw material costs, producers face margin pressures. Europe’s structural issues and Asia’s high inventories continue to suppress price recovery, signaling a cautious near-term outlook.
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Primary TMT Prices Stay High Despite Weak Market Demand; SAIL Maintenance Tightens Supply
Primary TMT prices are holding firm across major regions despite a noticeable drop in demand. Distributors have raised rates amid limited material availability, especially with SAIL’s DSP unit under maintenance. Inquiry volumes have dropped significantly from March levels, signalling a potential downward correction in prices.
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Stainless Steel Price Trends: Marginal Improvements Amid Supply Constraints
The stainless steel market is seeing gradual demand improvements, especially in the 300 and 400 series, but supply issues continue. Prices for 304 CR and 316L HR material are holding steady, with fluctuations in imported and domestic material pricing. Demand in the 200 series has risen significantly due to limited imports.
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PVC Market Stays Weak Due to Poor Demand and Supply Conditions
PVC prices slipped slightly this week, with China's SG-5 averaging $655.48/ton, down 0.48%. Demand stayed weak across Asia and Europe, while US export prices held steady amid trade uncertainty. Stable production and low downstream activity kept the market sluggish. Market players expect PVC prices to stay range-bound in the near term due to weak demand and geopolitical pressures.
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DI Pipe Demand Surges Amid Infrastructure Resumption, Prices Hold Steady
The DI pipe market sees rising demand from infrastructure projects in Maharashtra, Madhya Pradesh, Telangana, and Karnataka as states resume work after receiving partial funds. While supply remains stable and manufacturers are offering bulk orders at discounted rates, prices have yet to rise. However, with project execution ramping up, prices may increase soon.
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Stainless Steel Prices Firm Up as Nickel Surges Over 9% in a Week
The stainless steel market continues to show mixed trends across series, with demand improving and imports facing hurdles. Prices remain steady to firm, particularly in the 200 and 300 series, as global nickel prices rise. Domestic supply remains tight, especially for 300 series, pushing prices upward. Additionally, LME nickel has surged over 9% since last week, countering early speculation about price corrections.
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Tariffs Trigger Buyer Caution Across PE, PP & PVC Markets
Polymer markets remain cautious amid falling crude prices and U.S. tariffs. PE and PP buyers are holding back, anticipating further price drops. PVC demand is hit by cheaper imports, prompting anti-dumping duty action. Key price cuts from JPFL and RIL signal inventory pressure. Markt players await clarity on trade and pricing trends before major moves.
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Railway Industry Bytes: Top Stories at a Glance
Latest Railway Tenders You Can Bid On
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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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Understanding Vendor Qualification for Indian Railway Tenders
Published on: Mar 25, 2025
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