OfBusiness Primary TMT Dailies | 6th September 2023

Price

• The primary TMT prices raised by Rs. 500/ton and current offers are as follows:
  • Ex-Mumbai: Rs. 54,500-55,000/ton (up 500)
  • Ex-Delhi NCR: Rs. 55,000-55,500/ton (up 500)
  • Ex-Vizag: Rs. 53,000-53,500/ton (up 500)
  • Plus GST – 18%.
  • Note – These prices are taken into consideration according to working from regional distributors of different primary segment brands

Demand and Supply

• On the aforementioned pricing from main mills ex pricing, local distributors have already begun to work. Primary segment materials exhibit clarity and certainty in prices. As work on this price started happening across markets, supply to become even more streamlined.

News

• Odisha-based Rourkela Steel Plant (RSP) has supplied special grade MDN-250 (maraging steel) for various space missions of the Indian Space Research Organisation (ISRO) including Chandrayaan, Gaganayaan and Aditya L1. In a press statement, the company said maraging steel plates are used in the PSLV (Polar Satellite Launch Vehicle) and GSLV (Geosynchronous Satellite Launch Vehicle) programmes of ISRO.
• Maraging steel is a special quality steel containing nickel, cobalt, molybdenum, titanium and aluminium and is manufactured through a vacuum melting process. Rolling of maraging steel requires very stringent process parameters, the statement added.

OFB Opinion

• The market is undoubtedly changing to all primary materials across geographies due to price increases in all primary sectors. All major segments are seeing a rise in demand as supply is also becoming more efficient.