India Steel Market Watch
November 3: Angle prices have fallen 22-26% in the last one year, owing to depressed market conditions and low trading volumes, an analysis of historical data of ISMW showed.
Prices of 40 angles in Gobindgarh declined by around Rs 9,600 per ton or 26.8% to Rs 26,200 per ton, while prices in Raipur declined by Rs 7,400 per ton or 22.4% to Rs 25,500 per ton.
The decline in prices had been around Rs 9,400 per ton or 26% at Rs 26,700 per ton in Mumbai, the data showed.
Lack of implementation of large-scale construction projects led to the fall in angle prices during the last one year’s time, sources said.