Indian Secondary Structure Market Moves Down, Except in East

Indian secondary structure manufacturer last week reported mixed price sentiments in domestic market. However, east market remained stable W-o-W.

Light and heavy structure prices in west and south have sharply fallen by INR 500/MT, amid low demand of billet owing to festival season and high finish inventory.

However billet prices have moved down by INR 200-900/MT; hovering at the range of INR 21,300-24,700/MT.

Currently, 40X40 mm angle offers are assessed at INR 28,000/MT (0) in Durgapur, INR 27,000/MT (-500) in Ahmedabad, INR 26,600/MT (-700) in Mumbai, INR 27,500/MT (-500) in Hyderabad and INR 24,900/MT (-400) in Raipur.

Meanwhile, 200X75 mm channel offers are assessed at INR 27,500/MT (0) in Durgapur, INR 30,100/MT (+200) in Ghaziabad, INR 27,700/MT (-500) in Ahmedabad, INR 27,300/MT (-700) in Mumbai and INR 25,900/MT (-600) in Raipur.

Offers for 200X100 mm beam are evaluated at INR 27,500/MT in Durgapur, INR 29,600/MT (+200) in Ghaziabad, INR 27,500/MT (-500) in Ahmedabad, INR 27,900/MT (-600) in Mumbai and INR 25,400/MT (-600) in Raipur.

  To view all size structure steel price, click here.