Demand for structure and TMT slowdown in Durgapur due to strike. A native trader based in Durgapur says, “Demand was good before this week but after Sunday it fell marginally, moreover trade unions strike hold up the buying activities.†Cement bags also improved from Rs 320/bag to Rs 410/bag in Durgapur, this week.
However, structure prices in Mumbai and Rourkela move up marginally by Rs 100/MT. Finish long prices in Raipur are firm 200 Beam offers at Rs 33,200/MT and 12mm TMT at Rs 33,300/MT (Basic). Demand is average for structure may recover in few days, said a local manufacturer based in Raipur
Re-bar prices in Chennai increased by Rs 500/MT because of market players anticipate that demand will come next week. Re-bar offered at Rs 40,000/MT i.e. on 39,500/MT yesterday (Including ED).
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