Railways

TMT prices have declined across Mumbai, Delhi NCR, and Vizag due to muted demand. Distributors hold adequate inventory, ensuring stable supply. Despite steady inquiry levels, weak buyer sentiment prevails. Tata Steel’s Kalinganagar plant expansion boosts Odisha's crude steel capacity, signaling long-term optimism, though short-term market conditions remain soft.

Wankai PET prices stable across Indian ports despite weak cost fundamentals. Industry margins decline to -44 USD/ton due to low raw material prices and high polymerization costs. China's aggressive PET production and oversupply continue to suppress Asian market prices. Jindal Films fire disrupts BOPP supply, triggering sharp price hikes and market panic.

Primary TMT prices have continued to slide this week across major markets, reflecting a stagnant demand trend and cautious buyer sentiment. Distributors are maintaining healthy inventory, ensuring no immediate supply concerns. However, the overall market remains subdued, with manufacturers offering steeper discounts and eyeing further corrections if demand fails to pick up.

PVC prices in Asia rebounded 3% amid improved buying sentiment and a US–China tariff delay. DAGU, FORMOSA, and LG grades saw regional pricing spreads in India, while XINFA remained most competitive. Tight freight space and rising costs—driven by export redirection to the US—are sustaining upward price pressure despite cautious downstream demand.

Structure steel prices remain mostly stable this week, with the secondary market pausing its recent decline and primary mills sticking to base rates. Demand continues to lag in both segments due to delayed infrastructure spending and slow project execution. Traders and fabricators remain risk-averse, awaiting clearer signals on demand recovery ahead of June.

PVC prices rose ₹1–1.25/kg in India amid freight tightness and pre-BIS certification buying. Polypropylene and polyethylene prices continued correcting due to subdued global demand and aggressive discounting. Despite tariff relief optimism, buyers remain cautious. Chinese plant shutdowns may support PE prices ahead, while anti-dumping duty uncertainty clouds the PVC outlook.

Primary TMT prices have softened across key regions, with distributors reducing rates in response to steady but subdued demand. While there's been a marginal increase in customer requirements, overall inquiries remain flat. Suppliers continue to hold ample inventory and are adopting competitive pricing strategies. Experts expect further price corrections if weak demand trends persist across both primary and secondary markets.

Demand for DI, HDPE, and MS pipes has risen sharply, particularly for smaller DI sizes, as contractors rush to book orders before the monsoon. While prices remain steady for now, supply bottlenecks and raw material delays are extending lead times. Procurement momentum is gaining strength across infrastructure and water projects, supported by fresh fund releases from government departments.

Primary TMT prices continue to soften across major regions like Mumbai, Delhi NCR, and Vizag, with distributors lowering rates amid muted demand. Market activity remains largely flat, with stable yet unremarkable inquiry levels. Suppliers are ensuring uninterrupted availability, while production is running with limited new orders.