Structure prices show marginal improvement as Ingot prices increased.
Improvement in Ingot prices has pushed the Structure prices in Raipur. In a week time Raipur’s Ingot offers are up by INR 1,000/MT. As a result Structure prices registered improvement of INR 500-600/MT in a week’s time. Today, Angle 50×5 offers at INR 31,200/MT. However, Sarthak Ispat kept its offers unchanged and offers H-Beam 152 at INR 32,300/MT.
Mumbai’s Ingot prices is increased by INR 200/MT today. Improved demand from local market pushed up the prices. In line Structure offers inched up by INR 100/MT. Angle 40×5 offered at INR 34,400/MT and Angle 25×3 at INR 37,700/MT.
Durgapur based Structure manufactures raise offers owing to increased demand from other state such as Uttar Pradesh and Assam. In last 2 days prices move up by INR 100-300/MT. 40 Angle today offers at INR 32,700/MT.
Market participant expect demand to improve from December mid.
Leave a Reply