Secondary mills have raised structure price in range of Rs 400-600 per ton. Market is piquantly abuzz with expectation of price hike by primary manufacturer in long and flat by at least INR 500-1000 per ton.
Raipur trader says, ‘December beginning SKS 75 channel was traded at Rs 33,500/MT but as demand slows down, prices touched Rs 33,000/MT.’ Presently demand from Maharashtra and South India has increased the buying momentum, today 75 channel is offered at Rs 34,500/MT. He also added, Mahamaya structure prices expected to improve by Rs 400-500/MT in this week.
Long product demand typically picks up in Q3 after festivities which have come to passé in selected retail pockets of housing and projects for TMT. Bloated cost parameters for the secondary sector with increased power tariff , limited scrap availability and increased iron ore levels has taken the leeway of secondary sector the primary sector has capitalized on this with aggressive pricing .The gap between the secondary and primary levels have squeezed to INR 2500-3000 per ton from the norm of INR 4000 -5000 per ton.
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