Limited fluctuation in Ingot prices has inched up Structure offers in a week. Vizag Steel Plant has also hiked its prices.
Slight improvement registered by Indian Structure market. In a week’s time, prices were improved by around INR 100-200/MT. Improved Ingot prices and average demand has resulted in price hike of Structural item.
Mumbai’s Structure offers increase by INR 100/MT in a week’s time. Meanwhile, Ingot moved up by INR 150/MT.
Structure prices in Ahmedabad also up by INR 100/MT which fell in the earlier of this month. Scrap prices pressurized Structure manufacturers to hike offers, however buying is limited for the material.
Manufacturers based at Raipur kept heavy Structure prices unchanged. Whereas, Light & Medium Structural prices moved up by around INR 200/MT.
Vizag Steel Plant (VSP) hiked Structural offers by INR 600/MT for March. Channel 200×75 mm (IS2062Grade-A) offered at around INR 43,100/MT Ex-Vizag (Prices are inclusive of ED, VAT/CST Extra).
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City wise Structure prices as on 04 Mar, 2014 |
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City |
Structure |
Price |
W-o-W |
|
Ahmedabad |
40 Angle |
35,400 |
+100 |
|
75 Channel |
36,600 |
+100 |
|
|
150 Beam |
36,200 |
+100 |
|
|
Mumbai |
40 Angle |
36,300 |
+100 |
|
75 Channel |
37,300 |
+100 |
|
|
150 Beam |
37,500 |
+100 |
|
|
Raipur |
50 Angle |
33,300 |
+200 |
|
75 Channel |
33,800 |
+100 |
|
|
150 Beam |
34,100 |
+100 |
|
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Note: All basic prices in INR/MT; Loading & Taxes Extra |
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