[SMM Steel] India Domestic Steel Prices Gain Momentum

Published: Sep 1, 2026 15:49

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[India Domestic] The domestic market saw further upward movement in several steel and raw material segments, although price trends varied across regions. Raipur billet moved lower. Overall market sentiment remained positive, supported by steady buying interest and firm raw material costs. Alang Melting scrap prices up by 3.16USD/tonne (300INR/tonne) to 383.74USD/tonne (36,400INR/tonne) ex-yard. In Mandi Gobindgarh, HMS 1&2 (80:20) rose by 1.05USD/tonne (100INR/tonne) to 399.55USD/tonne (37,900INR/tonne) delivered Mandi. Rebar prices rose by 2.11USD/tonne (200INR/tonne) to 525USD/tonne (49,800INR/tonne) EXW Mumbai. Raipur rebar unchanged at 475.46USD/tonne (45,100INR/tonne) EXW Raipur. Billet rose by 1.05USD/tonne (100INR/tonne) to 490.22USD/tonne (46,500INR/tonne) delivered Mandi. Raipur billet down by 5.27USD/tonne (500INR/tonne) to 446.99USD/tonne (42,400INR/tonne) EXW Raipur. Ingot up by 1.05USD/tonne (100INR/tonne) to 490.22USD/tonne (46,500INR/tonne) EXW Mandi. PDRI sponge iron prices up by 8.43USD/tonne (800INR/tonne) to 316.27USD/tonne (30,000INR/tonne) EXW Bellary.

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