Structure manufacturers in Raipur reduce prices on poor demand from neighboring states. As buyers refuse bulk purchase and stoking, and also declining purchase volume in local and neighboring states has pushed market players to cut offers by Rs 100-300/MT.
MSP Steels and Power Ltd cut offers by Rs 200-300/MT they offered Beam 250 at Rs 30,600/MT after reducing by Rs 200/MT and Channel 300 at Rs 31,500/MT that was at Rs 31,800/MT previously.
Torworth Ispat, Durg revised its prices second time in a week by Rs 200/MT presently Beam 200 offers at Rs 30,800/MT.
In line light structure manufacturers have also reduced prices by Rs 100-200/MT 40×6 Angle offered by Ishwar Ispat at Rs 30,900/MT and Channel 75 offered by Hanukripa Ispat at Rs 30,800/MT.
However, Sarthak Ispat reduced their prices on Monday by Rs 200/MT and from last 2 days they kept prices unchanged. Channel 125 offers at Rs 31,400/MT by Sarthak Ispat.
Note: All basic prices.
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