Ingot prices across mandi is picking up as the sale in TMT
improved pre-monsoon. Ingot demand is also high due to low inventory, said
Ingot Manufacturer based in Raigarh. Delivery position is very tight as all
plant is running in low capacity from last week, he confirmed.
Mandi open prices at Rs34500++ but soon prices went to Rs
34700++ with strong demand witness from Himachal and UP sector. Similary in
Raigarh price open Rs 200 high by yesterday closing at Rs 32000++ with demand
from Rajasthan and UP.
Prices in Hyderabad corrected due to weak construction
activity in south. Prices down by Rs 200-300/Mt. However sponge prices are
still soaring high at Rs 22000 with Iron ore shortage in Bellary region.
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