Steel Structure Market Update

1. Primary Market:

• Price Increase: Rising demand from infrastructure projects and mill cost pressures are driving prices up, especially in Durgapur, Vizag, and Mumbai.

2. Secondary Market:

• Stability: Consistent demand is observed in Hyderabad and Raipur.

• Restocking Activity: Increased restocking seen in Chennai and Mandi Gobindgarh.

3. Pricing Factors:

• Freight Costs: Rising transportation expenses are impacting pricing.

• Scrap Prices: Fluctuations in scrap prices are causing uncertainty in the secondary market.

4. Import Duty:

• Decision Pending: A potential 12% safeguard duty on imported steel could strengthen domestic pricing trends.

5. Expert Advice:

• Primary Buyers: Secure advance orders to avoid potential price hikes.

• Secondary Market Players: Optimize sourcing strategies and focus on fast-moving segments.

• Traders & Fabricators: Monitor import duty announcements and regional demand trends for informed purchasing decisions.