Indian Structure Market Reports Sharp Price Correction

Indian secondary structure manufacturers are still under extreme pressure as prices have dipped by 300-700/MT across major market. Major fall of INR 600-700/MT W-o-W is reported in east Indian market, followed by southern market.

SteelMint also learned traders are also providing discount of INR 700-1,000/MT in commercial market for advance payment.

Meanwhile, billet offers in week 31 dipped by INR 100-600/MT and currently accessible in the range of INR 18,750-22,700/MT.

100×100 mm angle offers are reported in Durgapur at INR 24,300/MT (-600), Ahmedabad at INR 25,300/MT (-200), Raipur at INR 24,000/MT (+150) and Hyderabad at INR 25,200/MT (-300).

While, 200×75 mm channel and 200×100 mm beam in Ghaziabad are available at INR 27,500/MT and INR 26,800/MT, registered a fall of INR 500/MT W-o-W in offers.

The same size channel offers in Durgapur are assessed at INR 24,100/MT (-700), INR 25,500/MT (-200) in Ahmedabad, INR 26,000/MT (-350) in Mumbai and INR 23,500/MT (-300) in Raipur.

To view all size structure steel price, click here.