Since couple of weeks there is bearish sentiment in the structure market over volatility in prices of Ingot/billet.
Following the same, the prices of Light & Heavy Structures registered price movement of INR 100-700/MT across major Indian markets.
The Structure manufacturers have reduced prices – East (Durgapur) by INR 750/MT, South (Hyderabad) by INR 500/MT, North India (Ghaziabad) by INR 400/MT & in Western (Mumbai) by INR 100/MT, W-o-W.
While, it registered a uptick in Central India (Raipur) by INR 300-400/MT & in West (Ahmedabad) by INR 200/MT, W-o-W.
Central India market Raipur that is considered as hub of Medium and small rolling mills the manufacturers increased offers as there was rise in Ingot and Billet prices.
While, in Western Region, the market experienced uncertainty which in turn saw a slight correction in prices.
A renowned structure supplier in Ahmedabad stated, “There was demand persisting in the market in initial days of the week which gradually declined at the weekend due to dull sentiments prevailing in other parts of the country”
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