[SMM Steel] India Domestic Steel Prices decline

Published: Sep 2, 2026 16:34

Save

[India Domestic] India’s domestic steel market saw mixed price movements on a daily basis with finished steel and semi-finished steel prices moved lower. Alang Melting scrap prices rose by 3.16USD/tonne (300INR/tonne) to 386.83USD/tonne (36,700INR/tonne) ex-yard Alang. 8Ani (12mm) prices unchanged at 443.75USD/tonne (42,100INR/tonne) ex-yard Alang. PDRI sponge iron prices down by 3.16USD/tonne (300INR/tonne) to 313.05USD/tonne (29,700INR/tonne) EXW Bellary. PDRI sponge iron prices down by 2.11USD/tonne (200INR/tonne) to 310.94USD/tonne (29,500INR/tonne) EXW Raipur. Rebar up by 1.05USD/tonne (100INR/tonne) to 525.96USD/tonne (49,900INR/tonne) EXW Mumbai. Raipur rebar down by 5.27USD/tonne (500INR/tonne) to 470.10USD/tonne (44,600INR/tonne) EXW Raipur. Raipur billet down by 4.22USD/tonne (400INR/tonne) to 442.70USD/tonne (42,000INR/tonne) EXW Raipur. Ingot down by 2.11USD/tonne (200INR/tonne) to 488.02USD/tonne (46,300INR/tonne) EXW Mandi.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 mins ago

[SMM Steel]

[Sheets & Plates] Today, export prices for hot-rolled coil and other sheets & plates fell $1-2/mt WoW, with HRC transaction prices concentrated in the $492-495/mt range. As market prices continued to slide, wait-and-see sentiment among buyers outside China intensified.

15 mins ago

23 mins ago

[SMM Steel]

[SMM Steel] Market feedback indicates that for Q235B, the EXW price of HRC with specifications of 3.5*1250*C is $506/mt, with the port of shipment being Bayuquan.

23 mins ago

28 mins ago

[SMM Steel]

[Steel billet] Today, the FOB export price of square billet fell by $1-2/mt, with offers at Jiangyin Port at $463-468/mt. According to market feedback, current export billet orders are mostly scheduled for October shipment, with a small portion in November. In terms of transactions, China's prices are relatively high, and the market is dominated by a wait-and-see sentiment, resulting in overall mediocre transaction performance.

28 mins ago