India Steel Market Watch
December 8: Wire rod offers remained unchanged against a backdrop of sluggish demand, as inventories pile up, industry sources told ISMW.
Prices were carried over from the previous week and were at Rs 22,500 per ton in Durgapur and Rs 23,500 per ton in Raipur.
RINL is offering wire rods of 7 mm at Rs 32,800 per ton (ED included) ex-Vizag in November, down from Rs 33,800 per ton (ED included) in October. The company is offering wire rods of 8 mm at Rs 32,700 per ton (ED included) ex-Vizag in November, down from Rs 33,700 per ton (ED included) in October.
Following are prevailing structure prices in different markets:
Indian structure prices |
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Product |
Unit |
Market |
Price (Dec 8, 2015) |
Price (Dec 1, 2015) |
w-o-w |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
24800 |
25000 |
-200 |
40 Angle |
Rs/ton (basic) |
Raipur |
23100 |
23200 |
-100 |
40 Angle |
Rs/ton (basic) |
Mumbai |
25600 |
25800 |
-200 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
27900 |
27900 |
0 |
200 Channel |
Rs/ton (basic) |
Raipur |
24000 |
23600 |
400 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
22500 |
22500 |
0 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
23500 |
23500 |
0 |