TMT Market Update

Date: 28 April 2025

1. Market Situation

* Primary TMT: Prices of primary TMT remain stable due to supply disruptions and ongoing maintenance activities at plants. Additionally, flat steel prices are also showing strength.

* Secondary TMT: In the secondary steel market, prices fluctuated by ₹100–₹300 per ton today. However, there has been some softening in demand.

2. Demand Scenario

* A notable decline is being observed in market inquiries, indicating a weakening demand for TMT steel.

* Compared to March, both inquiries and order bookings have decreased in April.

3. Experts’ Opinion

* According to market experts, given the current softening in demand, there is a possibility of a decline in TMT prices in the coming days.

* If this trend continues, further price reductions may be witnessed in early May.

* It is important to closely monitor the situation, as some changes on the supply side are also expected, which could impact price trends.

4. Conclusion

• Expected Price Trend: Downward

• Demand Trend: Weak

• Supply Status: Disrupted and limited