Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
India’s structural steel market remained firm this week, with prices largely steady and a mildly positive bias in primary mills, supported by tighter supply and improved post-festive liquidity.
Primary Market Prices
|
City |
Price (₹/tonne) |
|
Durgapur |
49,600 |
|
Chennai |
53,200 |
|
Vizag |
52,000 |
|
Mumbai |
52,800 |
|
Ghaziabad |
51,200 |
Secondary Market Prices
|
City |
Price (₹/tonne) |
|
Raipur |
46,500 |
|
Hyderabad |
49,800 |
|
Raigarh |
47,300 |
|
Chennai |
48,100 |
|
Mandi Gobindgarh |
48,600 |
|
Durgapur |
47,000 |
Liquidity in the market has improved after the festive period, aiding billing and movement across key hubs, even though credit availability remains tight and cash discounts are limited. With export demand muted, most output continues to be absorbed domestically, and traders expect a modest upside of ₹200–₹400/tonne in active regions if supply remains constrained.
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