In the pursuing week domestic structure prices rose by INR 200-1,200/MT (USD 4-18) on improve demand and with rise in Ingot/Billet prices.
In Central region, Raipur prices reported sharp hike in both light & heavy structure by INR 500/MT and 1,200/MT, respectively. As per trade participants, the heavy structure millers in Raipur are offering a health discounts on their offers up to INR 500/MT depending upon the quantity and brand preferred by the buyers.
Similarly, in Western region – Mumbai & Ahmadabad where medium & small mills who’s production about 100-200 MT per day have raised their prices by INR 200-400/MT W-o-W for both light & medium structures.
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Inline with increase in heavy structure offers of other region, Ghaziabad heavy structure prices also registered steep hike by INR 600/MT.
Offers in South, Hyderabad and East India, Durgapur also remained on the rising mode with strong sentiments in Ingot/Billet market. The offer rose in the range of INR 500-700/MT, W-o-W.
Sources: SteelMint Research
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