“Trading volumes are low for Structure in Raipur due to the closure of financial year. Prices are expected to rise by about Rs 500/MT in the coming week and we expect a decent demand in the beginning of next week. 40 Angle at Raipur is being quoted at Rs 37,200/MT (Basic price),” said a city based broker.
“Hyderabad Structure prices have increased by Rs 500/MT and is trading at Rs 40,000/MT (Basic prices) due to power price hike in Andhra Pradesh effective from the 1st of April. But as demand is sluggish at these levels, I expect prices to slip in the coming week,” remarked a trader from Hyderabad.
Market players report that markets are sort of unpredictable today and anticipate that Monday would show some direction.
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