Physical Market for MS Ingot remained stable through the day with volumes being low as buyers prefered to wait and watch.
Ingot at Mandi Gobindgarh traded at Rs. 32,500/MT during the day. Whereas, Ghaziabad market witnessed trade at the same level of Rs.32,500/MT.
SteelLong December contract on NCDEX traded in range of Rs.31,410/MT- Rs. 31,540/MT.However, it still lower to the spot prices by Rs 1,000/MT.
Ingot prices
Raipur: Rs 30400-500/Mt + Excise + Tax
Raigarh: Rs 32400-500/Mt + Tax
Rourkela: Rs 33100/Mt (Incld All)
Hyderabad: Rs 31,000/Mt + Excise + Tax
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