Indian secondary structure manufacturers this week has reported mixed price sentiments in domestic market. Light and heavy structure prices in west and central India have moved down by INR 100-400/MT W-o-W. On the other hand, offers in north and south regions have moved up by INR 200-500/MT in the duration.
However, sources reported that east market i.e Durgapur has remained stable.
Major price rise of INR 500/MT is noticed in Hyderabad, followed by Gaziabad (INR 200/MT). Trade discount in central India, Raipur is heard at INR 500/MT at the quoted price.
Meanwhile, billet offers in week 33 have plunged down by INR 250-950/MT and currently hovering in the range of INR 18,500-22,350/MT.
100×100 mm angle offers are reported in Durgapur at INR 24,900/MT (0), Ahmedabad at INR 25,000/MT (-100), Raipur at INR 24,000/MT (-400) and Hyderabad at INR 25,500/MT (+500).
While, 200×75 mm channel and 200×100 mm beam in Ghaziabad are available at INR 27,600/MT and INR 27,100/MT, registered an uptick of INR 200/MT W-o-W in offers.
The same size channel offers in Durgapur are assessed at INR 24,600/MT (0), INR 25,200/MT (-100) in Ahmedabad, INR 25,700/MT (-300) in Mumbai and INR 23,500/MT (-700) in Raipur.
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