Structure and wire rod offers eased on low buying levels, industry sources said.
Prices of 40 angles fell by Rs 400-700 per ton, while channel prices were down by Rs 300 per ton in Raipur.
Wire rod prices fell by Rs 1,000-1,100 per ton.
Channels of 200x75 mm are being offered by RINL at Rs 35,150 per ton (including excise, excluding VAT) ex-Vizag in January 2016, as against Rs 36,650 per ton in December 2015.
RINL is offering wire rods of 7 mm at Rs 30,000 per ton (ED included) ex-Vizag in January, down from Rs 30,800 per ton (ED included) in December. The company is offering wire rods of 8 mm at Rs 29,900 per ton (ED included) ex-Vizag in January, down from Rs 30,700 per ton (ED included) in December.
Following are prevailing structure prices in different markets:
Indian structure prices |
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Product |
Unit |
Market |
Price (Jan 25, 2016) |
Price (Jan 12, 2016) |
Price (Jan 12, 2016) |
Price (Jan 5, 2016) |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
25200 |
25700 |
25700 |
26700 |
40 Angle |
Rs/ton (basic) |
Raipur |
24500 |
25200 |
25000 |
26000 |
40 Angle |
Rs/ton (basic) |
Mumbai |
26700 |
27100 |
27000 |
28200 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
29300 |
29300 |
29800 |
28800 |
200 Channel |
Rs/ton (basic) |
Raipur |
25100 |
25400 |
25300 |
26000 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
25000 |
26000 |
27100 |
26400 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
25100 |
26200 |
26200 |
27200 |
Source: Traders & ISMW