📊 TMT Steel Market Update

Advisory Bazaar Info Services

🔶 Key Highlights

* TMT steel prices continued to strengthen across major Indian markets, supported by robust buying activity and tight supply conditions.

* Healthy demand from the infrastructure, real estate, and construction sectors continues to underpin market sentiment.

* Lean distributor inventories and maintenance shutdowns at several major steel plants have reduced material availability, keeping supply constrained.

* Rising fuel and production costs, coupled with sizeable mill order backlogs, continue to provide firm support to TMT steel prices.

🔶 TMT Steel Prices (₹/MT)

▪️ Mumbai: ₹50,000–50,500

▪️ Delhi NCR: ₹50,500–51,000

▪️ Vizag: ₹50,000–50,500

🔶 Corporate Update

* Jindal Steel Tubes Ltd. (JSTL), in partnership with Khyati Contech Pvt. Ltd., has commercially launched JSTL 550 SHD TMT Bars from its Giridih, Jharkhand facility. The collaboration also expands the company’s product portfolio with MS Pipes, GI Pipes, and Colour Coated Profile Sheets.

🔶 Market Outlook

* The near-term outlook for the TMT steel market remains firm to bullish, supported by strong demand, lean inventories, ongoing mill maintenance, and higher production costs.

* Unless production normalises significantly or demand weakens materially, TMT steel prices are expected to remain well supported, with any price correction likely to be limited and short-lived.

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Advisory Bazaar Info Services LLP

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