India: Fresh Demand arrived for Light Structure; Heavy Structure Offers remain Stable

Light Structure offers in Raipur have risen by INR 300-500/MT in last 1-week. Heavy Structure manufacturers are mainly focusing to supply their material for projects. Semi finish prices have inched up by INR 200-400/MT, while, production remains low.

SteelMint sources confirmed fresh demand for Structure has arrived in the market from last 8-10 days mostly in Central India (Raipur), which is India’s one of the largest producer & supplier of finished steel products.

In a week’s time, light Structure prices have raised by INR 300-500/MT in Raipur and heavy Structure offers remain at the same level with minor fluctuation of INR 100-200/MT. Manufacturers mentioned there is decent demand for heavy Structure , so they have increased their production to around 60-70%, which was earlier only 40-50%.

“Buying for project works has improved from last couple of weeks. However, from the local market, it remains sluggish. It is expected that post Diwali, sales are likely to boost up,” shared a Structure manufacturer, which is producing around 5,000-6,000 MT light & medium Structures per month.

Another manufacturer based in Raipur stated, “Heavy Structure prices remain unchanged with minor fluctuation of INR 200-300/MT. Amid short supply of Coal, Structure prices may hike by INR 500-1,000/MT in coming weeks.

In Mumbai, Structure prices have fluctuated by INR 500/MT in 1-week.Whereas, Ingot/Billet prices have fluctuated by INR 300/MT. Meanwhile, Scrap prices have also corrected marginally by INR 200-300/MT.

Structure prices in Ahmedabad have moved up by INR 300-400/MT in last week. However, Scrap prices in Alang have fallen by INR 200/MT W-o-W. While, light & heavy Structure prices in Durgapur have also corrected by INR 100/MT.

Weekly prices in INR/MT