TMT Market Update – May 5, 2025

Primary TMT: Due to weak market sentiment, slight price corrections have been observed in key markets such as Mumbai, Delhi NCR, and Vizag.

Secondary TMT: The secondary steel market witnessed price fluctuations ranging from ₹100 to ₹300 today, driven by continued sluggish demand.

Demand Trend: A significant drop in inquiry volumes indicates low market activity and noticeable buyer hesitation.

Supply Situation: Distributors continue to hold ample stock, ensuring smooth availability despite lower order volumes.

Outlook for May 2025: Demand remains relatively subdued. Compared to April, mills have slightly reduced their prices. If the demand trend persists, further price corrections may occur in the coming weeks. Supply is not a concern at present, as distributor inventories are sufficient and mill order volumes remain low. A clearer and more definitive outlook is expected to emerge in the next few days.