Raipur Structure prices seem to stabilize at this level owing to stable Ingot/Billet prices and seasonal production cut by 30-50%.
SteelMint in conversation with manufacturers assessed, “Mill operators in India running below 50% capacity owing to low off-take of finish steel products.”
Sources also mentioned that amid high prices of raw material, there are limited chances for price correction and it is also expected that low production is likely to support semi finish and finished steel prices.
Raipur Structure manufacturers are maintaining the offers at same level. Whereas, Ghaziabad market has fallen by INR 200-300/MT W-o-W. Meanwhile, Structure prices in Ahmedabad & Durgapur remain unchanged.
Weekly Average Trade Prices for Structures & MS Ingot as on 06 Sep, 2014 (Week 36, 01-07 Sep, 2014)
|
Cities |
Angle 40 |
Channel 100 |
I-Beam 400 |
MS Ingot |
Remarks |
|
Raipur |
33,625 |
33,225 |
35,980 |
29,900 |
Heavy Structure prices fall marginally by INR 100/MT. I-Beam 400 traded at INR 36,000/MT |
|
Mumbai |
36,300 |
37,100 |
– |
32,000 |
Structure prices down by INR 500/MT. Ingot offers unchanged in W-o-W |
|
Ghaziabad |
– |
– |
39,400 |
32,640 |
Heavy Structure prices fallen by INR 200/MT |
|
Ahmedabad |
34,410 |
34,650 |
– |
31,500 |
Structure offers unchanged from last 1-week. Whereas, Scrap offers in Alang declined by INR 900/MT |
|
Durgapur |
34,700 |
35,400 |
36,900 |
30,410 |
Demand from nearby states is sluggish as rainy season halted the construction activities |
|
Hyderabad |
35,500 |
35,500 |
– |
30,340 |
Structure & Ingot/Billet prices are volatile by INR 300-700/MT from last 1-month |
Basic prices; all taxes applicable
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