India Steel Market Watch
November 17: Wire rod offers declined on sluggish demand, resulting in higher inventory levels, industry sources told ISMW.
Prices fell by Rs 500 per ton in Durgapur and Rs 200 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 (Nov 17, 2015) |
Price (Nov 3, 2015) |
w-o-w |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
25200 |
25700 |
-500 |
40 Angle |
Rs/ton (basic) |
Raipur |
24000 |
24500 |
-500 |
40 Angle |
Rs/ton (basic) |
Mumbai |
26000 |
26000 |
0 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
28800 |
30000 |
-200 |
200 Channel |
Rs/ton (basic) |
Raipur |
24500 |
25500 |
-1000 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
23500 |
24000 |
-500 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
24300 |
24500 |
-200 |
Source: Traders