Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Local CRC prices rose by ₹1,000–₹1,200/tonne.
Re-roller stock levels dipped, with delivery periods extended by 10–15 days.
Firm demand likely to keep price momentum intact.
New Delhi, April 29, 2025 — Local Cold Rolled Coil (CRC) prices in India have surged this week as re-roller stock levels dip sharply and delivery periods stretch.
According to market sources, re-rollers are facing tight inventories due to limited raw material availability and steady demand from key sectors like automobiles and home appliances. This has pushed CRC prices up by ₹1,000–₹1,200 per tonne in the local trade market.
Traders reported that delivery lead times for new CRC orders have now extended by 10–15 days as mills struggle to replenish their stock.
A Mumbai-based trader commented, “Stock shortage in the market combined with firm demand is driving prices higher. If supply constraints persist, we may see another round of price hikes soon.”
Meanwhile, there’s speculation that major steel producers may revise their base prices for CRC in early May, potentially adding to market volatility.
Also Read : EU to Tighten Steel Import Controls Amid Trade Tensions ArcelorMittal Nippon Steel to Invest ₹2.6 Lakh Cr to Expand Capacity
Gensol Engineering Ltd. (GEL) has reported a consolidated net profit of ₹12.31 crore for the quarter...
Mid Corporate 23-Jan-2024
The Varkala Sivagiri railway station is about to undergo a significant makeover. For the reconstruct...
Construction 22-Jan-2024
The government on Thursday approved a rooftop solar scheme, PM-Surya Ghar: Mufti Bijli Yojna, with a...
Announcement 29-Feb-2024
Odisha is poised to receive an additional 1,463 MW of power from the National Thermal Power Corporat...
Energy 02-Feb-2024
From April 2023 to January 2024, the Waltair Railway Division of East Coast Railways recorded an all...
Raw Material 06-Feb-2024
✅ 12% import duty proposal to protect India’s steel industry.✅ Prices may increase as import...
Business 22-Mar-2025