Market News Today

The non ferrous metal price in India is experiencing a strategic recalibration this April 2026. While aluminium prices have softened due to eased geopolitical tensions, copper faces bearish sentiment from global macroeconomic cooling. Traders are closely monitoring the demand supply India gap as high energy costs and logistical bottlenecks continue to support physical premiums across major industrial hubs.

The DI and MS ERW pipe price in India is currently trending bullish as Q2 2026 begins. With massive government outlays in water infrastructure and urban development, demand supply India dynamics remain tight for specialized DI grades. Traders should expect sustained price levels in hubs like Delhi and Ahmedabad, as rising input costs prevent any immediate downward correction in the market.

The price today reflects a balanced market where SS 304 price in kg has stabilized between ₹180 and ₹210 depending on the regional warehouse. Domestic mills are maintaining steady production levels as the industry benefits from a ₹12.2 lakh crore capex injection into railways and defense. While global nickel remains volatile near $17,200 per tonne, the Indian supply chain is well-buffered by healthy inventory levels and streamlined BIS import exemptions.

ABS price in India remains firm due to strong upstream cost support despite improving supply conditions. Demand from downstream sectors continues to lag, creating resistance to higher prices. While global trends remain supportive, the market is expected to move in a stable range with limited upside amid cautious buying and balanced supply-demand dynamics.

Bitumen price in India remains firm as demand continues to outpace supply, driven by strong infrastructure activity. Despite a recent drop in crude oil prices, earlier geopolitical tensions have pushed costs higher, impacting road projects. The market is expected to stay stable to firm in the near term with supply constraints persisting.

The Phenol and Acetone market in India has undergone a dramatic structural repricing over the last month. However, the past week (March 23–29, 2026) was characterized by a consolidation phase, with prices stabilizing after a massive rally.

The Indian structural steel market is witnessing a strong rally, with [MS Beam and Channel prices] trending toward ₹61,000/MT. Driven by a ₹12.2 lakh crore government capex push and supply disruptions in the LNG-reliant secondary sector, the market remains undersupplied. Short-term expectations are bullish, as domestic producers leverage high infrastructure demand and restricted imports to maintain firm pricing.

The Indian zinc market is currently navigating a period of constructive consolidation. While global macro-sentiments provide a neutral backdrop, domestic consumption remains high due to aggressive infrastructure and automotive growth. With the government’s continued focus on long-term structural projects, the demand for galvanized steel remains a significant tailwind, keeping refined zinc premiums stable across major Indian industrial hubs.

The Indian steel pipe market is entering Q2 2026 with a distinct bullish bias. Driven by aggressive Jal Jeevan Mission targets and a 52% spike in upstream feedstock costs, prices for DI and MS ERW pipes have seen a structural reset. While supply remains stable for primary brands, secondary mills face margin pressure, ensuring prices stay elevated as infrastructure spending hits a fiscal-year peak.

The Indian TMT market is entering Q2 2026 with strong bullish momentum. Driven by aggressive infrastructure spending and a surge in raw material costs, TMT steel bar rates have seen a structural reset. While primary producers maintain firm quotes near ₹61,000/MT, secondary mills are grappling with high energy costs, ensuring prices remain elevated despite the approaching monsoon season.