Despite of poor buying for heavy Structure section, manufacturers are not able to cut offers because of higher semi finish offers.
From last two weeks, buying in heavy section slow down, while high Ingot & Billet prices hold the prices on same level. Demand for light Structural material is still average and expected to be on same level in coming days.
Most of the major markets are more or less same. Mumbai & Ahmedabad market are stable from past one week. While, Durgapur & Hyderabad offers increased by INR 100/MT & INR 300/MT respectively in a week’s time.
Prices in Hyderabad moved up on improved semi finish prices. Meanwhile in Durgapur, demand from nearby markets supported price hike. Whereas, today (29 Apr, 2014) prices in both cities are unchanged.
Raipur’s light Structure manufactures offered Structure at higher prices compared to yesterday (28 Apr, 2014). Prices raised by INR 100/MT as Ingot offers inched up by INR 100-200/MT.
Ghaziabad based manufacturers have also increased their Structure offers by INR 100/MT.
Market participants anticipate labor shortage in coming days because of summer. Also, low inventory support prices to firm, according to them.
City-wise Structure Prices as on 29 Apr, 2014
|
City |
Structure |
Price |
|
Mumbai |
40 Angle |
37,700 |
|
75 Channel |
38,700 |
|
|
150 Beam |
38,900 |
|
|
Ahmedabad |
40 Angle |
35,500 |
|
75 Channel |
35,700 |
|
|
150 Beam |
36,300 |
|
|
Raipur |
50 Angle |
34,400 |
|
75 Channel |
34,900 |
|
|
150 Beam |
35,000 |
|
|
Durgapur |
40 Angle |
35,600 |
|
75 Channel |
35,600 |
|
|
150 Beam |
36,300 |
|
|
Hyderabad |
40 Angle |
36,500 |
|
75 Channel |
37,000 |
|
|
150 Beam |
37,000 |
|
|
Note: All basic prices, loading & taxes extra |
||
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