Central India’s Structure prices remain unchanged. Demand for the material in local market slightly improves.
Structure prices in major Indian cities are unchanged. Mumbai and Raipur offers remain firm from a week long time. While, Durgapur’s offers registered INR 100/MT fall in start of the week but, after that prices are constant. Hyderabad’s Structure prices increased during the week. However, Structure prices of Ahmedabad fell by INR 200-300/MT.
Raipur based a well known trader confirm that “demand shows increment. Bookings are their but in small quantity which possibly increased in coming days”.
Hyderabad: Hyderabad based manufacturers pushed up prices. Increased ingot offers are main cause of price hike in Structure. Angle 40 mm offered at INR 34,000/MT after falling by INR 500/MT. After that, demand is not indicated any sign of improvement.
Durgapur: Traders from Durgapur says “Demand is average in local market but outer demand is start increasing slightly.” 40 and 50 mm Angle traded at INR 32,800/MT.
Ghaziabad: Ghaziabad’s Structure prices move up by INR 200/MT in a week’s time. Shortage of raw material such as Scrap mainly affected prices. I-Beam 150 mm offered at INR 35,600/MT.
Ahmedabad: After strike open in Gujarat prices slightly fall but demand is stable. Offers fell by INR 300/MT and Channel 75 mm available at INR 33,400/MT.
Market participant expect market to improve in coming days as demand already shows improvement in some part of India.
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