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Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

2026-04-03

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.

Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, resulting in reduced output and tightening availability in the market.

Simultaneously, the supply of key raw materials such as scrap and coking coal remains inconsistent. Supply chain disruptions and logistical challenges are increasing procurement complexity, adding to input costs and pushing producers towards price revisions.

Strong domestic demand from infrastructure, railways and renewable energy sectors continues to support consumption. With demand remaining steady and supply constrained, upward pressure on prices is expected to persist.

Commenting on the trend, Vedant Goel said, “The expected increase in mild steel prices to Rs 61,000 per tonne reflects multiple structural pressures. LNG shortages are impacting production, while raw material constraints and supply chain disruptions are tightening the market. Businesses must adopt strategic procurement approaches with greater focus on supply visibility and diversification to manage costs effectively.”

In a volatile market environment, companies are increasingly adopting technology-driven procurement solutions to gain real-time insights into pricing and supply chains, enabling improved planning and cost management.

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