Sluggish demand has pushed Structure prices down by INR 2,500-2,700/MT in 16 weeks. While, during the month prices have fallen by upto INR 1,700/MT.
As Ingot & Billet prices started to fall sharply, Structure manufacturers were bound to reduce their offers. Moreover, regular falling demand was the main reason for price fall.
However, during this week prices showed a slight upward movement across India. Low availability of Sponge iron is the reason behind price hike. Meanwhile, demand is still dull for Structural material.
Structure Prices in Week 33
|
City |
Size |
Price |
W-o-W Change |
|
Raipur |
75 Channel |
33,200 |
+ 100 |
|
Mumbai |
65 Angle |
35,500 |
+ 200 |
|
Hyderabad |
100 Channel |
35,300 |
+ 100 |
|
Ghaziabad |
150 I-Beam |
37,900 |
0 |
|
Durgapur |
90 Angle |
35,800 |
+ 400 |
|
Ahmedabad |
75 Channel |
33,500 |
0 |
All basic prices
A Raipur based heavy Structure manufacturer said, “Availability of semi finish material is limited but poor demand resulted in price fall, we expect heavy Structure prices to decline at least INR 300/MT in coming days.”
Monnet Ispat, a well known brand based at Raipur, has started producing I-Beam 500 from August, 2014. I-Beam 500 offered at INR 37700/MT (advance payment; ex-Raipur; taxes extra).
In Mumbai, Ghasiram’s Angle 40 is traded at INR 35,300/MT; slightly higher from yesterday.
Durgapur based Baba Smelters has offered Angle 90 at INR 35,800/MT (advance payment, ex-Durgapur).
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