India’s steel sector is witnessing sustained price hikes as robust domestic demand enables producers to push through sequential increases across key product categories. Steelmakers have raised prices of flat products such as hot-rolled coils (HRC) and cold-rolled coils (CRC) by around 4 per cent in the latest round, following earlier hikes of 2–4 per cent implemented in January.
Long products have seen even sharper gains. Rebar prices have jumped nearly 7 per cent after an earlier increase of 3–4 per cent, reflecting strong demand from the construction and infrastructure segments, which remain major growth drivers for the sector.
Industry analysts note that the ability to implement consecutive price increases highlights favourable demand-supply dynamics in the domestic market. The broad-based nature of the hikes spans both flat and long products, indicating healthy consumption across manufacturing, real estate and infrastructure.
Overall, the sustained pricing momentum points to a resilient domestic steel market and improved pricing power for Indian steelmakers in the near term.
