Light Structure prices in Mumbai continue to down as Angle 40, 65 open at Rs 34,500/t (Basic) with downward of Rs 400/t W-o-W basis. MS Ingot (ladle) offered at Rs 29,600/t down by Rs 300/t with W-o-W change of Rs 800-1,000/t. MS Billet is traded at Rs 29,800/t low by Rs 300/t. Heavy melting scrap (super heavy) last traded at Rs 23,300/t (basic). 12MM TMT yesterday traded at Rs 33,800-34,100/t, same as day before yesterday.
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 34,900/t and 30×5 at Rs 36,000/t down by Rs 200/t.
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