Alike last week, Indian secondary structure market remained bearish over lack of buying activities due to continue water shortage and weak domestic sentiments.
Light and heavy structure prices this week downturn by INR 200-800/MT across all grades. Major fall of INR 800/MT is witnessed in southern region of India. East and west India based structure makers reported a slight price correction of INR 100-200/MT on weekly premises.
In the meantime, 125*125 mm billet prices are evaluated at INR 21,000-25,000/MT; have changed slightly by INR 100-200/MT.
Current 100*100 mm angle offers are accessible at INR 28,100/MT in Durgapur, INR 26,800/MT in Ahmedabad, INR 25,600/MT in Raipur and INR 27,500/MT in Hyderabad.
While, 200*75 mm channel and 200*100 mm beam in Ghaziabad are offered at INR 29,900/MT and INR 29,400/MT, registering a slight price corrections of INR 100/MT W-o-W.
The same size channel offers in Durgapur are assessed at INR 28,100/MT, INR 27,000/MT in Ahmedabad, INR 28,100/MT in Mumbai and INR 25,600/MT in Raipur.
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