India Steel Market Watch
November 3: Channel prices have fallen 15-19% in the last one year’s time owing to depressed market conditions and low trading volumes, an analysis of historical data of ISMW showed.
Price of 200 channels in Ghaziabad declined by around Rs 5,400 per ton or 15% to Rs 30,500 per ton, while prices in Raipur declined by Rs 6,500 per ton or 19.6% to Rs 26,500 per ton.
Lack of implementation of large-scale construction projects led to the fall in channel prices during the last one year, sources said.