Indian secondary structure manufacturers last week reported mixed price sentiments in domestic market. Light and heavy structure prices in east & central India have moved down by INR 100-800/MT. On the other hand, offers in west & south regions remained stable in the duration.
However, sources reported that Mumbai market has gained by INR 250/MT W-o-W.
Major price correction of INR 800/MT is reported in Durgapur, followed by INR 300/MT in Raipur. Raipur trade discounts in week 35 was heard at INR 400-600/MT, which is higher by INR 200/MT from last week due to poor demand.
Meanwhile, billet offers in week 35 have moved down by INR 150-300/MT across India, except south and currently hovering in the range of INR 18,550-22,450/MT.
100×100 mm angle offers are reported in Durgapur at INR 24,100/MT (-800), Ahmedabad at INR 24,500/MT (0), Raipur at INR 24,000/MT (-100) and Hyderabad at INR 25,000/MT (0).
While, 200×75 mm channel and 200×100 mm beam in Ghaziabad are available at INR 27,500/MT and INR 27,000/MT; remain unchanged.
The same size channel offers in Durgapur are assessed at INR 23,900/MT (-700), INR 24,700/MT (0) in Ahmedabad, INR 26,400/MT (+260) in Mumbai and INR 23,500/MT (-100) in Raipur.
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