1. Structure Market

(A) Primary Market

• Price Increase: Strong demand and supply constraints have led major mills to revise their rates.

• Key Factors: Rising infrastructure activity and persistent supply challenges.

(B) Secondary Market

• Stable Trends: Despite weak market sentiment, the secondary market remains stable.

• Supporting Factors: Adequate raw material availability and moderate demand in regional markets.

2. TMT Market

(A) Primary Market

• Price Hike: Distributors in North, West, and South India have raised TMT prices.

• Market Impact: Increased market rates, affecting overall trade dynamics.

3. Key Market Trends

• Surge in Demand: Supply constraints and expanding infrastructure projects are expected to drive significant demand growth in March.

• Global Impact: U.S. steel tariffs have affected Indian exports, but RBI’s strong reserves and monetary policies are helping stabilize the economy and steel sector.

• Pressure on the Secondary Market: Experts indicate that weak demand is driving a downturn in the secondary market, a trend expected to continue throughout the week.

Conclusion: The primary market remains strong, while the secondary market is under pressure due to weak demand. Infrastructure activities are likely to boost demand in the coming months.