Mild Steel News Today

In India, secondary structural steel prices fluctuate amid volatile market conditions influenced by sponge iron and billet movements. Meanwhile, primary segment prices stabilize. Challenges persist in supply due to seasonal factors and maintenance works, maintaining a supportive market outlook.

Price in South India's Chennai market dropped by Rs. 500/ton across all categories. Current prices: Godown Grade Rs. 34,800/ton and Commercial Grade Rs. 32,800/ton. Sluggish demand for finished goods persists, affecting MS scrap prices. Turkey and South Korea's scrap imports affected.

Today's Secondary TMT prices vary across regions. The market is on an uptrend with manufacturers raising prices. New inquiries are moderate, but material availability and raw material supply are concerns for many secondary plants. Anticipated sustained support for the secondary market.

Price stability persists in flat steel markets. Demand remains active amid rising input costs. Steel mills adjust prices to stimulate local demand. The government discusses safeguard tariffs. Optimistic outlook for steel industry with projected demand and price growth.

Demand slow in primary segments while supply streamlines with sufficient material in a few major mills. Prices are expected to decline slightly; some mills negotiate for larger orders. Indian steel fears Chinese influx post-US tariffs, despite pleas for government action.

Structure prices in Mandi and Raipur markets fluctuated by Rs 100-200/ton, while in Hyderabad and Durgapur prices are remain stable. Primary mills hold steady post a Rs 1,000/ton hike. JSPL's maintenance plans disrupt supply, and RINL faces material shortages.

Today's ferrous scrap market in South India opens with stability, presenting consistent prices across various grades in Chennai. While demand for long steel products decreases slightly, prices remain steady. However, future demand fluctuations may influence pricing.

Today's prices for secondary TMT vary across regions. Market prices increased marginally in areas like Raipur and Delhi, with moderate demand. Secondary plants reported fewer fresh inquiries and material availability concerns. Participants expect volatile secondary market rates due to material availability concerns and demand uncertainty.

Demand with primary segments TMT declines slightly, while supply remains steady. Prices are expected to adjust as mills negotiate for higher quantities. Global steel demand rises, prompting price hikes and US tariffs on Chinese imports. Optimism is reflected in the surging purchasing managers’ index.

Indian flat steel prices remain unchanged. Steel mills face rising demand and costs. Some consider price adjustments for profitability. Supply challenges persist due to regulations and global fluctuations. The domestic market sees incremental growth with price adjustments and talks of safeguard tariffs.