Indian secondary structure manufacturers this week has showed a good recovery as prices across major markets have surged by INR 300-600/MT. Positive sentiments such as MIP extension prevailing in market has somehow supported structure prices.
Major price rise of INR 600/MT is noticed in east India, followed by central region (INR 500/MT). Trade discount in central India, Raipur heard prevailing at INR 700-800/MT, which is lower by INR 200/MT from last week.
However, south and west markets have showed a minor price correction of INR 200/MT W-o-W.
In the meantime, billet offers in week 32 moved up by INR 200-750/MT and currently accessible in the range of INR 19,200-23,300/MT.
100×100 mm angle offers are reported in Durgapur at INR 24,900/MT (+600), Ahmedabad at INR 25,100/MT (-200), Raipur at INR 24,500/MT (+500) and Hyderabad at INR 25,000/MT (-200).
While, 200×75 mm channel and 200×100 mm beam in Ghaziabad are available at INR 27,400/MT and INR 26,900/MT, registered an uptick of INR 100/MT W-o-W in offers.
The same size channel offers in Durgapur are assessed at INR 24,600/MT (+500), INR 25,300/MT (-200) in Ahmedabad, INR 26,100/MT (0) in Mumbai and INR 24,000/MT (+500) in Raipur.
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