Structure markets this
week have been discouraging in Mumbai. Manufacturers cut offers by Rs 200/MT
today again.
Traders anticipate
prices to reduce further in the range of Rs 500-800/MT by the end of the
week as local demand for the material is poor.
Traders in Mumbai also
highlighted issues around late payment and also said that the market situation
is not expected to improve till the inception of monsoons as is the case every
year.
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