India Steel Market Watch
October 6: Wire rod offers declined on sluggish demand resulting in higher inventory levels, industry sources told ISMW.
Prices fell by Rs 700 per ton in Durgapur and remained unchanged in Raipur.
RINL has kept prices unchanged in September looking at the low demand conditions.
RINL is offering wire rods of 7 mm at Rs 38,100 per ton (ED included) in September as against the same price in August. The company is offering wire rods of 8 mm at Rs 38,000 per ton (ED included) in September as against the same price in August.
Following are prevailing structure prices in different markets:
Indian structure prices |
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Product |
Unit |
Market |
Price (Oct 6, 2015) |
Price (Sept 29, 2015) |
w-o-w |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
27200 |
27700 |
-500 |
40 Angle |
Rs/ton (basic) |
Raipur |
26500 |
26900 |
-400 |
40 Angle |
Rs/ton (basic) |
Mumbai |
27600 |
28000 |
-400 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
31100 |
31500 |
-400 |
200 Channel |
Rs/ton (basic) |
Raipur |
27600 |
27900 |
-300 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
25500 |
26200 |
-700 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
26000 |
26000 |
0 |
Source: Traders