MS Ingot prices is fluctuating in the range of Rs 300-400/MT as buyer continue to remain cautious. Today trade highlights are:
- Eastern India Durgapur continue to supply MS Ingot/Billet to North India in good quantity. Frieght is Rs 2300/MT and FOR Mandi price learned Rs 31,000-31,300/MT
- Central India Raipur supply MS Billet to Western India, Jalna (Maharashtra) in bulk quantity. Freight is Rs 1200-1500/MT
- MS Scrap shortage knocks the North India as prices herd to increase in Muzzaffarnagar by Rs 300-400/MT of HMS-1
- Shortage of Ship cutting scrap in Bhavnagar may hike scrap price by Rs 300-400/MT stated trader based in the region as new ship for breaking is low due to high dollar.
- Central India Re-bar inventory low said most of the mill manufacturer based in Central India. Demand is constant but low production continue.
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