“Raipur demand for
Structure is slow as prices are showing a downtrend and buyers anticipate
further correction. Trading volumes are low on account of the closing of
financial year coming close. 40 Angle is offered at Rs. 37,000/MT (Basic
prices) in Raipur,” said a manufacturer from Raipur.
“Structure demand is
decent in Mumbai and prices are expected to show gains. We do not expect
further correction in Structure prices as demand is improving from the
suppliers end and also from consumers. TATA Steel might increase its prices of
TMT by Rs. 300/MT in the beginning of the next month. 40 Angle is trading at Rs.
39,300/MT (Basic price) in Mumbai,” a
trader from Mumbai reported SteelMint.
“Hyderabad also saw
stability in its prices and the demand is decent too. Big plants like
SAIL and VSP might increase prices beginning of next month. We anticipate
further pick up in demand soon. Hyderabad quoted its 40 Angle at Rs. 39,500/MT
(Basic price),” remarked a trader from Hyderabad.
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