According to market sources report to SteelMint, price assessment of PPGI (0.5mm, 90 GSM) of major manufacturers is around INR 61,000-63,000/MT (ex-Delhi, GST @ 18% extra) and INR 60,000-61,000/MT (ex-Mumbai, GST @ 18% extra).
However in retail market, price assessment is around INR 58,000/MT (ex-Delhi, GST@ 18% extra) and INR 58,000-59,000/MT (ex-Mumbai, GST@ 18% extra).
Manufacturers are hopeful for demand to remain strong in the next couple of months as they see good orders in hand, provided imports remain on the lower side. Market sources are hopeful demand to remain strong during peak season April-June.
However few traders remain skeptical on absorbing increased prices in the market amid falling domestic HRC prices in traders market.
What is PPGI?
When hot-dip galvanized (HDGI) steel is painted, the duplex system provides a more sophisticated manner of corrosion protection.
The paint coating acts as a barrier protection for the hot-dip galvanized coating and significantly reduces the corrosion rate of the zinc.
Advantages of PPGI:
1.Increased lifetime provided with a combination of paint over galvanized steel
2.Enhanced corrosion resistance
3.Aesthatic appeal of paint
Applications of PPGI- Construction, white goods and automotive industries
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