Secondary Wires market witnessed sudden price hike after 2-3 days downfall. Similarly, Primary players are also likely to increase its prices owing to high input cost.
Raipur & Durgapur Wires prices stimulated by INR 200/MT in a day owing to price hike in Ingot and improved Finish Long demand in the market.
A native Wire Rod trader in Durgapur said, “Wire prices increased by INR 200/MT today as demand is improving from local and nearby states.”
Primary producers are also likely to increase Wire Rod offers for March, 2014.
Company’s official said, “SAIL may increase its Wire Rod offers by INR 1,000/MT for March, 2014 owing to high input cost and shortage of raw material.”
SAIL 5.5 mm Wire Rod price for Feb’14 was at around INR 43,000/MT (Ex-Chandigarh) which may increase by INR 1,000/MT to about INR 44,000/MT (Prices ED include; taxes extra).
Secondary Wires Prices as on 28 Feb, 2014
|
Item |
Size |
Durgapur |
W-o-W |
Raipur |
W-o-W |
|
MS Billet |
100×100 mm |
30,550 |
+ 250 |
30,500 |
+ 100 |
|
Wire Rod |
5.5 mm |
34,500 |
– 200 |
35,000 |
0 |
|
HB Wire |
12 Gauge |
36,500 |
– 200 |
36,900 |
0 |
|
Binding Wire |
20 Gauge |
41,400 |
– 100 |
40,350 |
0 |
Note: Basic Price in INR/MT. ED and taxes extra
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