Buying Spree Drives up Indian Structure Market

Structure market gained by INR 1,200/MT this week across major market; Structure sentiments remained positive due to active trade and good demand.

Offers have increased of billet because of good trade volume that has impacted finish long prices. Billet 125×125 mm offers surged by INR 1,500/MT.

Offers on heavy structure in Raipur registered price hike of INR 700/MT and trade discount heard at INR 400-600/MT. at the same time, 40×5 mm angle offers surged by INR 1,000/MT in this week.

Major price hike is seen in Mumbai by INR 1,200/MT. Durgapur & Hyderabad have witnessed price hike by INR 500/MT and in Ahmedabad offers have increased by INR 600/MT.

Ingot 3.5×4.5 inch have increased by INR 1,400/MT; offers are hovering at the range of INR 26,400-31,100/MT.

This week, heavy channel 200×75 mm are assessed in Durgapur at INR 32,250/MT, Ghaziabad at INR 35,900/MT, Ahmedabad at INR 32,600/MT, Mumbai at INR 34,400/MT and in Raipur at INR 31,500/MT.

Meanwhile, beam 200×100 mm is being offered in Durgapur at INR 32,250/MT, Ghaziabad at INR 34,800/MT, Ahmedabad at INR 32,400/MT, Mumbai at INR 35,000/MT and in Raipur at INR 31,000/MT.

Intervening, angle 40×40 mm offers are evaluated in Durgapur at INR 32,750/MT, Ahmedabad at INR 31,900/MT, Mumbai at INR 33,700/MT, Raipur at INR 31,200/MT and in Hyderabad at INR 33,000/MT.

To view all size structure steel price, click here.