Mild Steel News Today

In the structural steel market, Primary players like SAIL and RINL increased prices. Hikes are due to supply constraints caused by IISCO's extended maintenance and limited availability of essential structural components like round bars. Meanwhile, the secondary market saw widespread price reductions, driven by lower demand and falling iron ore prices.

Primary TMT prices are stable across major regions as distributors maintain adequate inventory. While inquiries have increased, conversion rates remain lower, indicating cautious buyer behaviour. Distributors’ willingness to negotiate suggests subdued market activity.

Primary TMT prices remain steady across major regions, with distributors maintaining adequate stock levels and engaging in negotiations as demand stagnates. Rising imports and government plans for protective measures signal potential price stabilization.

Stainless steel prices remained stable. The 300 series continues to experience low demand due to liquidity issues, while the 200 series demand has risen, driven by limited imports. Experts predict continued sluggishness for the 300 series, while the 200 series is expected to perform well in specialized finishes and thinner sections.

NMDC Steel commissions 25 kV AC overhead power supply at Nagarnar Railway siding, enhancing freight mobility and boosting steel production.

India's finished steel imports hit a seven-year high of 5.7 million metric tons in April-October; consumption reached 85.7 million tons, while exports fell to a seven-year low of 2.8 million tons.

The structure primary market prices increased due to supply constraints, particularly following a 45-day maintenance period at the IISCO Plant. In contrast, secondary market prices have dropped across various regions, although demand remains sluggish. The primary market continues to face supply issues, especially for high-demand heavy structures.

Stainless steel prices and demand show varied performance across grades. While 200 series sees a boost due to limited imports, 300 and 400 series face low demand amidst cash constraints. Nickel prices rose slightly to $15,805/mt, with the INR at 84.41 against USD.

Primary TMT prices have risen across major regions as demand stabilizes. Despite initial buyer resistance, rising expectations for future price hikes have led to increased acceptance of current rates. Meanwhile, India's record-high finished steel imports are prompting potential government action to protect the domestic industry, potentially impacting the future TMT market.

Primary TMT prices have risen this month as buyers adjust to current rates, with expectations of further increases. Distributors anticipate significant hikes due to material shortages. Demand remains steady, but material constraints, worsened by ongoing maintenance at major plants, are straining supply.