Wire rod offers fell in volatile trading by end-users and stockists in Durgapur, industry sources told ISMW.
Prices fell by Rs 1,100 per ton to Rs 26,000 per ton in Durgapur. However, prices remained unchanged in Raipur.
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 12, 2016) |
Price (Jan 12, 2016) |
w-o-w |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
25700 |
25700 |
0 |
40 Angle |
Rs/ton (basic) |
Raipur |
25200 |
25000 |
200 |
40 Angle |
Rs/ton (basic) |
Mumbai |
27100 |
27000 |
100 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
29300 |
29800 |
-500 |
200 Channel |
Rs/ton (basic) |
Raipur |
25400 |
25300 |
100 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
26000 |
27100 |
-1100 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
26200 |
26200 |
0 |
Source: India Steel Market Watch