Limited fluctuation in Ingot/ Billet prices slow down buying movement and kept Indian Structure prices unchanged.
Constant Ingot/ Billet prices resulted stability in Structure prices. Indian Structure offers open same as it closed last week.
Manufacturers in Maharashtra kept offers unchanged. Slight improvement in demand pushed up prices last week by INR 100/MT but its open same today. Structure supply from Raipur is limited and only heavy Structural is expected to purchase from there.
Stable Scrap price in Gujarat and narrow buying are not providing any option for market players to hike price. Construction is already on a slow side which starts affecting the Indian Structure industry.
Chhattisgarh Structural sellers find difficulties to sold material in other states as gauge difference pushed prices up. Offers are also unchanged in Central India.
Structure offer are unchanged in Hyderabad & Ghaziabad because of limited trade movement.
Market players said, “Indian Structure prices may increase. Buying is expected to improve in coming days because the financial year is going to close and election will start affecting construction activities soon.”
|
City wise Structure prices as on 25 Feb, 2014 |
|||
|
City |
Structure |
Price |
W-o-W |
|
Raipur |
50 Angle |
33,200 |
-100 |
|
75 Channel |
33,800 |
-100 |
|
|
150 Beam |
34,000 |
0 |
|
|
Ghaziabad |
200 Channel |
36,800 |
0 |
|
400 Beam |
37,100 |
0 |
|
|
Mumbai |
40 Angle |
36,200 |
0 |
|
75 Channel |
37,200 |
0 |
|
|
150 Beam |
37,400 |
0 |
|
|
Hyderabad |
40 Angle |
35,500 |
0 |
|
75 Channel |
36,000 |
0 |
|
|
250 Beam |
36,000 |
0 |
|
|
Ahmedabad |
40 Angle |
35,300 |
0 |
|
75 Channel |
35,500 |
0 |
|
|
150 Beam |
36,100 |
0 |
|
Note: All basic Prices, Loading & Taxes Extra
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