Primary TMT prices have softened across all regions as demand in the market remains stable. Distributors are open for further negotiations, no supply shortage is reported. Weak global demand, oversupply driven by Chinese exports and falling domestic steel prices are putting pressure on margins of Indian steelmakers. Primary TMT prices (sizes 12 to 32 mm): Delhi NCR and ex-Mumbai Rs. 54,500-55,000/MT. According to experts, the market sentiment is not positive right now. Despite the price cuts, customers are still hesitant to buy, and they expect further price cuts this week. The conversion ratio is lower than the inflow of enquiries.