Structure offers remain unchanged in most of the cities on firm demand. However, market players expect prices may increase in April as demand from fabrication industries and some private projects are likely to improve.
Market players believe that slow construction activities and closing of financial year resulted in stable market this week. Structure prices in Western India (Mumbai & Ahmedabad) are firm from starting of the week and expected to be around in the same range till the March-end.
On the other side in Central India, manufacturers were quoting higher prices but deals are happening at INR 32,800-32,900/MT (50 mm Angle basic price).
A Raipur based trader told, “We don’t expect prices to change much in starting of the April, but yes slight improvement is expected as the month progress because of price change in Ingot and increased prices of material in Southern market. However, buying in Central India will more or less remain same.”
Durgapur’s Structure offers also increased but buyers refuse to purchase on higher prices and offers back on the same level. Durgapur, one of the leading Structure suppliers in Eastern region, supplies its 60% of total production to nearby states.
Limited trade movement kept Structure prices unchanged in Northern & Southern India and expected to remain unchanged. However, Ingot & Re-bar prices fluctuating slightly during the week.
Most of the market participants anticipated that market may increase in starting of the coming fiscal year i.e. FY15.
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