Indian steel prices witness sharp rally in Jan'26 on surging raw materials costs, policy support

Source: BigMint Feb 06, 2026 10:00

Average HRC prices up 10% m-o-m in Jan, rebar rises 14%. Imported coking coal prices edge up 9% on weather disruptions. With safeguard duty in place, mills may hike HRC prices further

The domestic steel market witnessed a rally in January 2026 after prices had sunk to five-year lows in November-December. The primary mills raised flat and long steel prices successively throughout the month coinciding with the surge in raw material prices and the implementation of the safeguard duty on steel

Price Curve

Daily Prices

Spiral welded pipe prices: Cangzhou

Feb 10, 2026 13:34
Construction steel prices: Nanjing

Feb 10, 2026 12:05
Construction steel prices: Hangzhou

Feb 10, 2026 12:01
Construction steel prices: Shanghai

Feb 10, 2026 11:57
CRC prices: Urumchi

Feb 10, 2026 11:44

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