Jan 12, 2011
SteelMint Exclusive
Trading on the exchange remained volatile the whole day today. The day’s high and the low marked a difference of Rs 450/MT.
This volatility kept buyers cautious on the purchase and prices in the physical markets also moved both ends.
January contract is due to expire next week so absurd movements on the exchange can be expected going forward also. Pig Iron and Scrap prices continue to rise. However, demand only seems to catching up with such increases. It may be best to be positively cautious in such markets.
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