After stability of more than a week, Structure offers have finally fallen in Raipur amid semi finish price correction.
Raipur based Heavy Structure manufacturers had kept their offers unchanged from last two weeks; even though Ingot/Billet prices had fallen by INR 600-800/MT W-o-W. However at present, Heavy Structure manufacturers reduced their offers by INR 300-500/MT W-o-W after Sponge iron prices corrected by INR 600/MT.
Monnet Ispat is offering 500 I-Beam at INR 37,700/MT ex-Raipur. Meanwhile, Sarthak Ispat is offering 152 H-beam at INR 35,600/MT ex-Raipur; both advance payment.
Ahmedabad Scrap prices have risen by INR 600/MT against previous closing. This has resulted in Structure price rise by INR 500/MT.
On the other hand, Grace Casting based in Ahmadabad is offering 75 Channel and 50 Angle at INR 34,200/MT ex-plant; advance payment.
Also, Structure prices in Ghaziabad have marginally declined by INR 100/MT and 200 I-Beam is traded at INR 37,600/MT.
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