Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
HRC prices in India have increased by up to ₹1,200 per tonne.
Supply constraints due to production cuts at major mills.
Government's 12% safeguard duty supports domestic pricing.
Local hot-rolled coil (HRC) trade prices in India have seen a notable increase, driven by tightening supplies and a more optimistic market outlook. Trade-level prices have risen by up to ₹1,200 per tonne, reaching the range of ₹52,500 per tonne ex-Mumbai .
Contributing to the supply constraints are production disruptions at major mills, including JSW Steel’s Dolvi plant, which reduced output by approximately 40–45% due to operational issues, and Tata Steel’s Jamshedpur facility, which shut down a blast furnace for maintenance, removing an estimated 200,000–250,000 tonnes from the supply pipeline .
Additionally, the Indian government's approval of a 12% safeguard duty on rolled steel imports aims to curb cheap inflows from Southeast Asian countries, further tightening domestic supply and supporting price increases
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