Ingot prices gain momentum on rumors of power cut in Punjab and UP.Re-bar manufacturers took fresh positions before power cut is announced reported local traders to SteelMint.
“Generally in the month of June power supply is increased to agricultural sector in Punjab.” said market sources.
1.Ingot prices at Mandi Govindgarh gain Rs 400/t to trade at Rs 36,000/t.(Basic).
2. Prices at Muzzafarnagar go up by Rs 400/t to trade at Rs 39,100/t (Incl Excise).
3. Raipur and Raigarh gains Rs 300/t to trade at Rs 32,700 and Rs 32,500 (Basic).
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