Indian steel prices fall on Chinese demand

05 Mar 2021 Editorial Team

Steel prices have taken a downslope after large steel manufacturers slashed prices of hot rolled and cold rolled coils by up to Rs 1,500 a tonne in the first week of March. This is the first significant price cut in the last nine months. JSW Steel, one of the largest producers of steel in the country, cut prices of hot rolled and cold-rolled coils by Rs 1,000 a tonne.

Domestic prices of hot rolled coil surged 54% year-on-year in the December quarter amid a robust recovery in domestic demand, similar to higher global steel prices. Those prices corrected themselves by 3% in mid-February this year to Rs 53,750 per tonne but were still 40% higher on a year-on-year basis.

A report from India Ratings and Research said domestic steel prices have reduced due to rising inventories with traders who are reluctant to procure steel at the high price levels since they have sufficient inventories, a slight moderation in demand from auto and pipe makers, and a disparity between the mill price and trade price.

Domestic rebar prices have also corrected due to the reduction in iron ore prices and increasing production by secondary steel producers. Domestic rebar prices in mid February were at Rs 48,800 a tonne, which is 9% lower on a month-on-month basis but 38% higher compared to the same period last year.

Experts believe that the Chinese demand is likely to remain largely stable in 2021 with the steady recovery of its economy, and that any production cut may lead to a price hike, which may force prices in India on the upward trajectory again.

Access latest steel prices here.

Image Source

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..