Chhattisgarh power price hike results in increasing trading prices.
“Raipur Re-bar trading prices have jumped to Rs 37,800/MT
(Basic price) by an increase of Rs 300/MT as Chhattisgarh power prices increase
by around 20% from Rs 2.80/Unit to Rs 3.75/Unit w.e.f 5th May 12. Demand is weak and market
will not be able to absorb these prices which will be passed on to consumers and
producers will have to absorb the cost,”said sources.
“Rourkela is also facing issues regarding labour shortage
due to summer heat and scarcity of water. TMT is being traded at Rs 39,000/MT
(Basic price), down by Rs 300/MT and demand is poor,” reported a manufacturer.
“Hyderabad TMT saw a correction of Rs 200/MT at Rs 38,500/MT
(Basic price) due to poor demand. There is no sales as sand prices have
increased and supply of sand and water is also low. Labour issues and two days
of power cut from 6:00am to 10pm along are also seen,”remarked a trader from
the city.
“Ahmedabad Re-bar is offered at a fall of Rs 300/MT at Rs 39,800/MT
(Basic price) as demand is coming up in small quantities only on same reasons
as above. Further correction in the range of Rs 400/MT to Rs 500/MT is
anticipated,” said Mr Jayesh, a TMT manufacturer.
The poor trading volumes might gain when labour issues resolve and projects in
construction sector start.
Leave a Reply