Mild Steel News Today

RINL faces closure amid coking coal scarcity. Adani Gangavaram Port protests disrupt supplies. Analysts foresee higher TMT prices. Despite mill hikes, steel scarcity may sustain elevated rates, urging manufacturers to maintain pricing.

The South Indian ferrous scrap market sees stability with prices holding steady. Demand stabilizes, and supply adequate. The South Asian market is stable; Indian buyers are moderately active. Turkish scrap prices decline, European market firm. Participants expect stable domestic prices amid firm demand.

Supply shortages expected due to mill maintenance, escalating raw material costs impacting primary market. Secondary market sees upward fluctuation driven by supply constraints from production declines, lacking fundamental support.

Industry participants anticipate continued stability in market rates for the week ahead. While moderate fresh inquiries are observed, mills are actively seeking to secure more orders, intensifying competition to fill their order books.

Indian silico manganese prices are poised to remain supported due to soaring raw material costs, particularly manganese ore. The industry anticipates sustained demand driven by buoyant steel prices. Market participants brace for continued support on silico prices amidst global ore price hikes and supply constraints.

Mills adapt output to match demand, adjusting prices to stimulate local demand. Government infrastructure focus expected to boost steel demand by 10%. Vigilant monitoring notes uptick in market activity. Safeguard measures considered to counter imports. Positive outlook for flat products.

The industry faces a supply-demand imbalance with secondary market growth and primary mills' resource constraints. Jindal Group targets the defence sector with specialized steel. Market instability persists with price hikes. Experts highlight resource shortages, emphasizing the need for equilibrium restoration.

The South Indian ferrous scrap market shows stability in all categories. Demand remains steady despite recent price hikes. Internationally, markets exhibit stability, but challenges persist. Turkish mills seek discounts on imported scrap amidst weak finished steel demand. Anticipated continued stability in MS scrap demand.

The domestic steel pipe sector is currently seeing a sustained upward trajectory, bolstered by an uptick in demand. Amid supply shortages, stakeholders must stay vigilant and take proactive measures to navigate through both challenges and opportunities in the market.

The Indian secondary steel, including semi-finished and secondary TMT prices, were volatile in the range of Rs. 200-5400/ton yesterday. In addition, the Indian Flat Steel market noticed average trades amid stagnancy.