Indian TMT Offers likely to upsurge in Apr’14 – Market Players

Indian TMT offers may boost up in the beginning of FY15. Few prominent factors such as finish long trend of last 3 fiscal years, power issues and low inventory are likely to support this price hike.

What can be concluded from the market analysis of last 3 years?

If market analysis is made on the basis of TMT price movement of last 3 fiscal years, it can be find that since 2011, TMT offers increase in the starting of the every financial year in most of the cities.

Monthly Average TMT Prices of last 3 Fiscal Years (Mar-Apr)

What is the opinion of the market players?

Market players are of the view that there is less probability of downfall. Few factors justified below:

• Power Issue: “Upcoming elections may affect the market; however every year we struggle with power cut issues in summer season which results in production cut and price hike. Therefore, there will be no major changes”, said a TMT manufacturer based at Durgapur.
• Demand & Supply: A TMT manufacturer based at Rourkela said, “There is no chance of downfall owing to low inventory. We have good demand but do not have enough material to supply.”
• Previous year’s trend: “As usually, prices start to improve in April as construction activity improves in starting of summer. Offers had increased last year and it may also upsurge in this April too as presently finish demand is above average in the city”, stated a trader based in Raipur.