Mandi Gobindgarh prices corrected the most in last one month by Rs 2600/MT, Rourkela by over Rs 2,000/MT and Raipur, the least by Rs 500/MT due to high power cost.
“Ingot at Mandi Gobindgarh should find support at Rs 34,000/MT as raw material cost pressure may not lead to correction in prices” said sources.
Steel Long May contract opened at Rs 33,250/MT and reached as low as Rs 33,060/MT.
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