Heavy structural steel prices dropped by INR 500/t on 14 Nov in Raipur. The current offer for 150mm channel stands at INR 52,000/t exw. Due to weakening demand and downtrend in steel billets prices buying was impacted which forced suppliers to reduce the offers. Prices dropped by INR 1,500/t within last two days. However, trade discounts hovering at around INR 1,500-2,000/t.
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