Market News Today

The structural steel market maintains a firm tone, with the secondary segment leading due to tight supply and strong demand for channels and angles. Primary mills remain cautiously optimistic, awaiting mid-November pricing cues. Stockists are actively replenishing inventories in the West and South, while trade liquidity has improved post-festive season across major hubs.

Steel prices remain stable across major hubs despite weak post-monsoon demand. Distributors are managing inventory cautiously, while mills are calibrating production to prevent oversupply. With India emerging as a net steel exporter and new investments under the PLI scheme gaining traction, the medium-term demand outlook — especially for TMT — appears increasingly positive.

HRC and CRC prices across key Indian markets remain largely steady, with marginal day-to-day movements reflecting local factors. Demand is stable but cautious as mills manage supply through maintenance shutdowns and reduced imports. Tata Steel's Q2FY'26 performance highlights resilience in the sector despite cost pressures. Near-term pricing sentiment remains cautious, with limited upside given mixed market signals.

DI and MS pipe prices remain steady, supported by ongoing infrastructure spending. DI pipes are in high demand due to water supply projects but face supply constraints. MS ERW demand has improved post-monsoon, though high inventories persist. New capacities from Vibhor Steel and Rungta Steel are reshaping supply dynamics.

RIL launched X & Y incentive schemes for HD/LL sales in November 2025. Buyers achieving 9% of FY26 annualised APR quantity qualify for Category X, and 12% for Category Y.

RERC ordered 'Change in Law' compensation for SECI solar projects. It disallowed pre-July 1, 2019 claims but allowed carrying cost (not interest on it) at the lowest of three rates. Compensation will be 15-year annuities at a 9% discount rate.

Mumbai slums near CSMIA's perimeter, highlighted by a viral video, raise serious aviation safety concerns. Encroachments and tall flags pose risks, prompting urgent debates on urban planning, risk management, and housing solutions.

India faces 70 million tonnes of urban waste annually. New CEA guidelines under Electricity Act, 2003, aim to accelerate Waste-to-Energy projects. They ensure transparent bidding, 20-year power purchase agreements, and viability funding for sustainable waste management.

Heavy rains in Bhiwandi have created dangerous road gaps, causing daily accidents and multiple fatalities. Residents demand urgent action from BNCMC, which has initiated repairs in all five wards, but long-term solutions are needed.

Kandivali station's Rs 65 crore redevelopment under MUTP 3A nears completion, featuring a new 132m elevated deck, 5 escalators, 2 lifts, and wider FOBs. Part of a Rs 950 crore upgrade for 17 Mumbai stations.