Induction furnace route heavy structural steel manufacturers in Raipur, central India, reduced base prices of 150mm channel by INR 2,000/t to INR 63,000/t d-o-d. Suppliers are also offering trade discounts of around INR 1,000/t depending upon buying enquiries. Weak demand for structural steel due to high prices and the consistent decline in raw material prices led to the correction in structural steel prices.
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