Market News Today

MS structural steel prices in India remained stable to firm as infrastructure, industrial construction, and fabrication demand continued to support market sentiment. Primary mills maintained pricing discipline, while secondary market competition capped sharp increases. Comfortable inventories and steady project execution are expected to keep structural steel prices largely supported in the near term.

Steel prices in India remained under pressure during June as weak construction activity, cautious buying, and rising inventories weighed on market sentiment. Long steel products witnessed sharper declines, while flat steel prices remained relatively stable due to export support, firm coking coal costs, and limited import competitiveness.

Bitumen prices in India remained firm during June 2026 as supply concerns linked to the Strait of Hormuz disruptions and rising logistics costs supported market sentiment. Government interventions, contractor compensation measures, and continued infrastructure activity are keeping demand resilient despite procurement challenges and elevated bitumen prices across major regions.

Toluene prices in India softened during May and early June 2026, tracking weaker Asian market sentiment, declining China prices, and comfortable supply availability. Demand from paints, coatings, solvents, and fuel blending remained cautious, while buyers preferred need-based procurement. Near-term market sentiment remains stable to slightly bearish.

Polymer prices in India remained firm during June as producers implemented multiple price hikes amid tight inventories and elevated crude oil prices. However, weak downstream demand, soft global markets, and the possibility of an import duty waiver extension are raising expectations of price corrections from July onward.

Copper prices in India witnessed increased volatility as futures slipped below key support levels amid concerns over global growth, Middle East tensions, and potential interest rate hikes. However, easing geopolitical risks, declining LME inventories, and China's planned AI and data center investments continue to support the metal's long-term demand outlook.

Phenol prices in India remained stable during Q2 2026, supported by higher benzene feedstock values and elevated energy costs. However, weak demand from BPA, construction, automotive, and caprolactam sectors continues to limit price recovery. Buyers remain cautious, keeping the market largely demand-driven rather than cost-driven.

Aluminium prices in India witnessed mixed trends as lower global prices and weak seasonal demand weighed on sentiment. However, falling inventories, tightening scrap availability, and supply-side constraints continued to provide support. Market participants remain cautious, with geopolitical developments and downstream demand expected to influence price direction in June.

India's steel pipes and tubes market remains stable, supported by infrastructure, energy, and industrial demand. Domestic manufacturers continue expanding capacities and developing high-value products, while rising imports of seamless pipes from China remain a key concern. Trade protection measures and energy sector demand are expected to influence market direction.

Stainless steel prices in India remained firm, supported by healthy demand from infrastructure, engineering, and manufacturing sectors despite rising imports and global market uncertainty. Meanwhile, China's stainless steel market weakened due to ample supply and sluggish demand. Falling inventories and stable mill pricing continue to provide support to domestic prices.