Steel Price Update

The raw materials market is witnessing significant movement as industry demand accelerates across multiple sectors. Prices have seen notable fluctuations driven by global supply chain dynamics and domestic consumption patterns.

Industry experts attribute the current price movements to a combination of factors including strong infrastructure spending by the government, rising manufacturing activity, and seasonal demand uptick from the construction sector.

Key Market Drivers

The primary factors driving market movement include infrastructure investments under the National Infrastructure Pipeline (NIP), rising EV adoption creating demand for key metals, and improving export competitiveness for Indian manufacturers.

Procurement managers are advised to lock in prices for Q2 requirements at current levels, given the anticipated upward movement in the coming months as infrastructure projects accelerate.

Outlook for Q2 2026

Market analysts at Biznie Research forecast continued strength with potential for 3-5% appreciation over the next quarter. SMEs should consider hedging a portion of their raw material requirements to manage price risk effectively.