“Raipur trading
volumes in structures have suddenly picked up due to continuous hike in prices by manufacturer on
account of high raw material cost” said a city-based broker. Prices have revised
three times during last two trading days. We expect further rise of Rs 300-500/MT
in a couple of days on the back of increasing demand and high input cost.
Prices of 600 Beam
that was trading at Rs 41600 on 30th Mar has increased by
Rs 500 on final day of March and simultaneously also on 2nd April. Today’s price
is Rs 42600/mt. 70x Angle has also gained by Rs 1200/mt to trade at Rs 38500-700/mt.
“Hyderabad Structure
prices have increased by Rs 500/MT and is trading at Rs 40,000/MT (Basic
prices) due to power price hike in Andhra Pradesh effective from the 1st of
April. But as demand is diverted to Raipur at these levels, we expect prices to slip in the coming week,” remarked a trader from
Hyderabad.
Players report
that markets are sort of unpredictable today and anticipate that Monday would
show some direction.
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