Market Today: Limited Action

Ingot: 

* Steel long on the exchange, traded
lower than Saturday close reflecting more or less a flat market

* The limited action in the Ingot
market can also be attributed to the power cut in Mandi Gobindgarh

Long Finish Products:

* Demand for TMT looked ok with prices
more or less at the same levels

* Structure demand looks pale and
may remain silent for the week

Scrap:

* Scrap prices in Mumbai looked a
little better 

* However, shortage of the material
remained intact across India


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *