SteelBazaar Monthly Recap – March 2025 Edition

March 2025 brought significant developments in the steel market, shaping domestic and global trade dynamics. India’s proposed 12% safeguard duty on steel imports aims to protect local manufacturers, while exports saw an 8.6% dip due to reduced global demand. Despite this, domestic steel prices, including TMT, HR, and CR coils, remained stable. The push for green steel is gaining momentum, with global partnerships influencing India’s decarbonization efforts. Meanwhile, steel demand projections have been revised upward to 9% for FY25, driven by infrastructure and housing growth. SteelBazaar insights provide a data-driven outlook on price trends, global trade shifts, and strategic recommendations for industry stakeholders.

🔍 Tracking Trends | 📊 Prices | 🧠 Insights | 🏛️ Policy | 🌍 Trade
📌 Top 5 Steel Market Highlights – March 2025
🇮🇳 India Proposes 12% Safeguard Duty on Steel Imports
➤ Aim: Protect domestic manufacturers from rising imports
➤ Impact: Boost in steel stock prices (Tata Steel +3.7%, JSW +3.2%)
➤ Analysts expect temporary price stability in domestic markets

📉 Steel Exports Dip by 8.6% in February (Reported in March)
➤ Engineering exports fell due to reduced shipments of iron & steel
➤ Major global buyers pulled back amid oversupply fears

📈 Domestic TMT, HR, and CR Prices Hold Steady
➤ TMT 12mm: ₹45,000–₹50,200 across major cities
➤ CR Coil: ₹53,000–₹58,000
➤ Scrap: ₹30,200–₹37,700
➤ Ingot & Billet: ₹38,100–₹44,500

🌱 Green Steel Gathers Momentum
➤ Global partnerships (e.g., China’s HBIS & Vale) move toward decarbonization
➤ Indian firms expected to follow via hydrogen tech & scrap-based EAFs

🛠️ Steel Demand Outlook Revised Upward to 9% for FY25
➤ Supported by infra, housing, and railway allocations in Union Budget
➤ SME & MSME growth in semi-finished and long steel continues strong

📊 SteelBazaar Insights: Data-Driven Trends
Segment    Trend    Insight
TMT Bars    🟡 Stable    Minor regional fluctuations; no price shock
HR Coils    🟡 Stable    Balanced inventory in Raipur, Ahmedabad
Scrap    🟡 Stable    Range ₹30K–₹37K; demand holding in Ludhiana
Exports    🔻 Down    Pressure from EU + ASEAN steel oversupply
Imports    🔺 Up    Influx from China, Korea prompting duties

🌍 Global Angle
EU reduces steel import quota by 15%
USA reinstates 25% tariff on Chinese steel
China’s output continues to surge, adding global pressure

🧩 SteelBazaar Recommendation
Sellers should maintain price discipline and watch global dumping risks. Buyers are advised to secure short-term contracts before Q2 volatility sets in.