India Steel Market Watch
December 22: Wire rod offers firmed up on buying by end-users and stockists, industry sources told ISMW.
Prices firmed up by Rs 1,100 per ton to Rs 24,100 per ton in Durgapur and by Rs 1,600 per ton to Rs 25,800 per ton in Raipur.
RINL is offering wire rods of 7 mm at Rs 30,800 per ton (ED included) ex-Vizag in December, down from Rs 32,800 per ton (ED included) in November. The company is offering wire rods of 8 mm at Rs 30,700 per ton (ED included) ex-Vizag in December, down from Rs 32,700 per ton (ED included) in November.
Following are prevailing structure prices in different markets:
Indian structure prices |
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Product |
Unit |
Market |
Price (Dec 22, 2015) |
Price (Dec 15, 2015) |
w-o-w |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
25500 |
25000 |
500 |
40 Angle |
Rs/ton (basic) |
Raipur |
24800 |
24000 |
800 |
40 Angle |
Rs/ton (basic) |
Mumbai |
27000 |
26100 |
900 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
27600 |
27900 |
-300 |
200 Channel |
Rs/ton (basic) |
Raipur |
25100 |
24200 |
900 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
24100 |
23000 |
1100 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
25800 |
24200 |
1600 |
Source: Traders