Light Structure prices in Mumbai continue to step up as Angle 40, 65 open at Rs 34,500/t (Basic) with improvement of Rs 400/t W-o-W basis. MS Ingot (ladle) is offered at Rs 29,900/t (Basic) up by Rs 100/t with improvement of Rs 500/t in this week. MS Billet is offered at Rs 30,100/t high by Rs 100/t. Heavy melting scrap (super heavy) last traded at Rs 22,400/t (basic). 12MM TMT yesterday traded at Rs 33,700/t (Basic) up by Rs 300/t.
Offers of premium brand of Angle 40×6, 35×5, 65×6 remain at Rs 34,700-35,500/t whereas other local offers were Rs 34,500/t (basic). In line 25×3 Angle is available at Rs 37,500/t, Flat of 40×6 is available at Rs 36,000/t up by Rs 100/t.
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