India’s HR strip market strengthened in early March 2026 after a brief softening late in February, with renewed buying interest from mills and traders supporting a modest rebound. The shift followed weeks of fluctuating sentiment: early February saw strong mill run rates, mid month brought changes in feedstock use and improved domestic coal flows, and late February experienced pressure as scrap prices eased and finished steel availability widened. Early March’s uptick reflects a technical recovery tied to procurement for flat steel and ongoing infrastructure activity, even as supply conditions remain balanced. Demand across end use sectors was mixed but steady enough to help sellers defend premiums. Infrastructure buying added selective support despite lower flat steel arrivals, leaving pockets of tightness in the HR strip segment. Analysts expect near term volatility as cheaper scrap, increased coal availability, and DRI usage influence HR strip offers while policy barriers temper downside risks.
