Raipur, central India based suppliers have confirmed deals of around 2,000 t MS Ingot in the last couple of days at around INR 34,400-500/t exw (equivalent to INR 36,300-500/t delivered to Hyderabad, southern India). The demand has been active since past few days which led to a surge in offers by INR 400/t (d-o-d) to INR 34,700-800/t exw Raipur, as per SteelMint’s assessment. With higher cost outside material as well as improved demand, the prices in Hyderabad rebound by INR 1,000/t to INR 36,800/t for Ingot & INR 37,000/t for billet, exw.
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