In line with other segments of the long products market, structure offers eased following the initial euphoria of the announcement of a minimum import price (MIP), industry sources said.
Prices of 40 angles fell by Rs 200-700 per ton in Gobindgarh, Raipur and Mumbai.
Prices of 200 channels in Ghaziabad, however, rose by around Rs 1,800 per ton.
Channels of 200x75 mm are being offered by RINL at Rs 35,150 per ton (including excise, excluding VAT) ex-Vizag, in February 2016, as against Rs 35,150 per ton (including excise, excluding VAT) ex-Vizag, in January 2016.
Wire rod offers remained unchanged on lack of positive sentiments.
RINL is offering wire rods of 7 mm at Rs 32,000 per ton (ED included) ex-Vizag with effect from February 12, up from at Rs 31,200 per ton (ED included) ex-Vizag with effect from February 7. The company is offering wire rods of 8 mm at Rs 31,900 per ton (ED included) ex-Vizag in February 12, up from Rs 31,100 per ton (ED included) ex-Vizag in February 7.
Following are prevailing structure prices in different markets:
Indian structure prices |
||||||
Product |
Unit |
Market |
Price (Feb 16), 2016 |
Price (Feb 9), 2016 |
Price (Feb 2, 2016) |
Price (Jan 25, 2016) |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
25200 |
25500 |
25000 |
25200 |
40 Angle |
Rs/ton (basic) |
Raipur |
25300 |
25500 |
23500 |
24500 |
40 Angle |
Rs/ton (basic) |
Mumbai |
27500 |
28200 |
26200 |
26700 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
30100 |
28300 |
28300 |
29300 |
200 Channel |
Rs/ton (basic) |
Raipur |
25500 |
25500 |
24200 |
25100 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
25500 |
25500 |
25000 |
25000 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
26000 |
26000 |
25100 |
25100 |
Source: Traders