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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.

Structure prices are under pressure across both primary and secondary markets, with demand slowing due to paused infrastructure projects and election-related delays. Primary mills are operating below capacity, while traders in secondary markets are cautious amid weak inquiry volumes. Inventories are building up, prompting discounts from mills.

ABS prices continued to soften across Asian markets, led by oversupply, lower feedstock costs, and subdued demand from converters. In India, prices remain relatively stable due to limited spot cargoes despite global weakness. Persistent bearish sentiment, high inventories, and cautious downstream activity suggest further price erosion in the near term.

Stainless steel prices continue to hold firm across all major grades. While 300 series demand is improving, supply shortages persist. The 200 series remains upbeat amid limited imports, and the 400 series is seeing rising interest. Meanwhile, ISSDA plans to approach DGTR to investigate dumping and recommend anti-dumping duties on stainless steel imports.

TMT bar prices declined across key regions as demand stagnated and distributors adjusted offers downward. Market remains adequately supplied with no disruption risks. Aditya Ultra Steel announced a major investment in solar energy to power operations, enhancing sustainability. Weak buying sentiment may push prices lower in the coming weeks.