Structure Gauge Difference increased to make better the conversion

Structure manufacturers based at Raipur changed gauge difference to increase conversion. Gauge difference changed for light & heavy Structure only.

Raipur based Structure manufacturers increased gauge difference for light & heavy Structural items. From past few months, conversion cost is regularly falling.

When asked for the reason to change gauge difference, a Raipur based Structure manufacturer said, “During these days conversion from Ingot to Structure (50×5 Angle basic) is at around INR 3,000/MT. If we operate our units on this conversion cost, we have to bare loss of INR 300-500/MT. We must have conversion around INR 3,500-4,000/MT to operate the plant normally.”

Earlier, for 40×5 mm Angle INR 400/MT was added in Basic size that is 50×5/6 mm Angle which is increased by INR 200/MT to about INR 600/MT.

At present, in Raipur major demand is from Southern & Northern market. So, this change is quite important for market players based at these regions.

Structure prices at Mumbai fell by INR 100-200/MT as demand slightly dropped. Today, Angle 40 mm traded at INR 36,000/MT. Meanwhile, Structure offers in Ahmedabad are unchanged. Channel 75 mm offered at around INR 34,800/MT.

At the same time Northern India’s Structure manufacturers kept offers same after increased prices by INR 100/MT on Wednesday. Beam 150 mm in Ghaziabad offered at INR 36,200/MT and in Mandi Gobindgarh Angle 40 mm is traded at INR 35,400/MT.