🛠️ Structure Market & TMT Market Update 🏗️

📌 Price Revision in the Primary Market:

• Leading mills like SAIL, JSPL, and RINL have increased prices by ₹500/ton, indicating rising demand.

📌 Stability in the Secondary Market:

• The market remains stable across all regions, but weak demand is leading to a decline in raw material and finished product prices.

📌 Steel Prices Today:

• Primary Market: Prices remain stable, though adjustments are expected due to strong demand and supply dynamics.

• Secondary Market: A slight decline today due to slow inquiries.

📌 Expectations for March:

• Significant demand growth is anticipated.

• Supply shortages at the distributor level are driving price increases in the primary steel market.

📌 Conclusion:

Since January, both primary and secondary mills have seen price hikes. This trend is expected to continue into March.

📢 Stay tuned for more updates!