Ingot prices show downtrend in most markets

Mandi Gobindgarh Ingot is being offered at Rs 35,550/MT (Basic), down by Rs 150/MT today.

“Ingot trading prices slip in almost all the places. Currently, trades in Ingot are quite few also as Re-bar offtake is not encouraging.

Market is unpredictable at this point of time,” say market experts.

NCDEX Steel Long opened at Rs 33,840/MT, touched a high at Rs 34,000/MT and touched a low of Rs 33,760/MT. At 6:57 pm Ingot traded at Rs 33,930/MT (-90).   


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