Indian structure market reported mixed price sentiments. On one hand, light and heavy structure prices in east India have upsurged by INR 600/MT due to change in guage parity. On the other hand, other markets, including west, central and south India, offers have moved down by INR 300/MT.
There is no price fluctuation in north market; all grade structure prices remained stable compared to last week.
A rebar manufacturer in Mumbai said, “Maharashtra government has recently banned water supply by 40-50% to construction industry in MIDC, leading to slowdown in construction activities.”
Currently, 125*125 mm billet prices are assessed in the range of INR 21,400-25,800/MT; fell by INR 200-400/MT D-o-D.
Meanwhile, 100*100 mm angle is available at INR 28,500/MT in Durgapur, INR 28,400/MT in Ahmedabad, INR 26,200/MT in Raipur and INR 29,500/MT in Hyderabad.
200*75 mm channel and 200*100 mm beam in Ghaziabad are offered at INR 30,200/MT and INR 29,700/MT, registering no price fluctuations.
The same size channel offers in Durgapur are assessed at INR 28,500/MT, INR 28,600/MT in Ahmedabad, INR 29,300/MT in Mumbai and INR 26,700/MT in Raipur.
To view all size structure steel price w.e.f 1 Apr’16, click here.
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