Structure prices remain unchanged in Eastern and Northern India. Possibility of correction in prices is fewer.
Following the suit by other regions of India, Eastern and Northern India’s Structure manufacturers have kept price offers unchanged.
Demand for material in Durgapur witnessed a slight improvement. Buying from Durgapur to Uttar Pradesh is stable while buying from Assam has improved. Consumption of the material (Structure) till last week was 100-150 MT per day which is currently 150-200 MTPD this week. Any improvement in prices is yet to be seen. Price of Angle 40 mm is same at INR 32,800/MT compared to last week. Market participants are of view that prices might increase in the coming week if the demand remains at same level.
On the other side manufacturer based at Ghaziabad says, “Generally at this time demand for material picks up but still demand is at average level these days. We expect demand to increase in coming days as construction activities are about to start rapidly” “In a week’s time on an average basis we sold around 150 MTPD (Structure)”, He added further. Channel 200 mm is offered at INR 35,600/MT in Ghaziabad.
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