Wire rod offers remained volatile on selective buying by end-users and stockists, industry sources told ISMW.
Prices firmed up by Rs 700 per ton to Rs 27,100 per ton in Durgapur but fell by Rs 1,000 per ton to Rs 26,200 per ton in Raipur.
RINL is offering wire rods of 7 mm at Rs 30,000 per ton (ED included) ex-Vizag in January, down from Rs 30,800 per ton (ED included) in December. The company is offering wire rods of 8 mm at Rs 29,900 per ton (ED included) ex-Vizag in January, down from Rs 30,700 per ton (ED included) in December.
Following are prevailing structure prices in different markets:
Indian structure prices |
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Product |
Unit |
Market |
Price (Jan 12, 2016) |
Price (Jan 5, 2016) |
w-o-w |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
25700 |
26700 |
-1000 |
40 Angle |
Rs/ton (basic) |
Raipur |
25000 |
26000 |
-1000 |
40 Angle |
Rs/ton (basic) |
Mumbai |
27000 |
28200 |
-1200 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
29800 |
28800 |
1000 |
200 Channel |
Rs/ton (basic) |
Raipur |
25300 |
26000 |
-700 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
27100 |
26400 |
700 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
26200 |
27200 |
-1000 |
Source: Traders