Market Analysis
Steel Price Trends
6-month price trajectory for key steel products. Data sourced from mills, distributors and spot markets.
Price Movement (₹/MT)
Key Insights
TMT Bars rallied 4.3% in 6 months
Driven by strong infrastructure demand and government capex push. Rebar prices remain elevated across all major cities.
HR Coil sees mild recovery
After Q3 correction, hot-rolled coil prices are stabilizing. Auto sector demand uptick providing support.
GI Coil premium widens
Galvanized coil premium over HR base has expanded to ₹10,700/MT due to zinc price increases on LME.
CR Coil range-bound
Cold-rolled prices trading in a narrow band. Weak white goods demand offset by export opportunities.
Q2 2026 Price Forecast
| Product | Expected Range | Outlook |
|---|---|---|
| TMT Bar | ₹59,500 – ₹61,500 | Bullish |
| HR Coil | ₹51,800 – ₹53,500 | Neutral |
| CR Coil | ₹57,500 – ₹59,000 | Neutral |
| GI Coil | ₹62,000 – ₹64,500 | Bullish |
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