[SMM Steel] India Domestic Steel Prices Edge Up

Published: Sep 16, 2026 16:45

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[India Domestic] Domestic steel market up slightly day to day amid relatively tight raw material availability. Maharashtra market remained relatively slow due to the ongoing Ganesh Chaturthi festival. Mandi HMS 1&2 (80:20) up by 1.04USD/tonne (100INR/tonne) to 410.58USD/tonne (39,400INR/tonne) delivered Mandi. Melting up by 1.04USD/tonne (100INR/tonne) to 403.29USD/tonne (38,700INR/tonne) ex-yard Alang. PDRI sponge iron up by 3.12USD/tonne (300INR/tonne) to 307.41USD/tonne (29,500INR/tonne) EXW Raipur. Bellary PDRI sponge iron rose by 3.12USD/tonne (300INR/tonne) to 326.16USD/tonne (31,300INR/tonne) EXW Bellary with sellers quoting around 328.28USD/tonne (31,500INR/tonne), buyers at 324-325USD/tonne (31,100–31,200INR/tonne) and heard some deals reportedly closing near 31,300INR/tonne. Raipur billet increased by 1.04USD/tonne (100INR/tonne) to 463.72USD/tonne (44,500INR/tonne) EXW Raipur. With the monsoon season nearing its end, construction activity is picking up pace, which may support demand and prices in the near term.

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