Structure Prices See Fluctuations in Secondary Markets Amid Supply Shortages
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Secondary market prices show mixed movements, with Raipur and Durgapur stable, Mandi up, and Hyderabad and Chennai down. Primary market rates have been revised this month, with SAIL increasing by Rs 500 while JSPL and RINL maintain their prices. Meanwhile, RINL is nearing shutdown due to a shortage of coking coal, impacting its operations in Vishakhapatnam.
Structure Price
- Secondary market: Raipur stable, Mandi up by Rs 200, Durgapur stable, Hyderabad down by Rs 300, Chennai down by Rs 500.
- Primary market: Monthly rates revision are as follows: JSPL & RINL roll over, SAIL up by Rs 500 this month.
- Prices for secondary structures are as follow (Channel 100x50)
- Ex-Raipur: Rs 44,900/ton
- Ex-Hyderabad: Rs. 45,800/ton
- Ex-Raigarh: Rs 44,900/ton
- Ex-Chennai: Rs. 47,000/ton
- Ex-Mandi Gobindgarh: Rs. 46,800/ton
- Ex-Durgapur: Rs. 44,300/ton
- The offers for 100 x 50 Channel in the Primary Structural Steel market are as follows:
- Ex-Durgapur: Rs. 52,500/ton
- Ex-Chennai: Rs. 56,000/ton
- Ex-Hyderabad: Rs. 54,500/ton
- Ex-Ahmedabad: Rs. 55,000/ton
- Ex-Ghaziabad: Rs. 54,500/ton
Structure Supply and Demand
- Primary: Certain round bars are still unavailable as RINL is still unable to supply the market's demand for its round bars. In many regions, heavy structural sections are rare, even though they are absolutely essential. There is currently a material shortage on the market, which poses a significant problem for supply.
- Secondary: The secondary mills don't have any supply problems because they have an abundance of inventory for the standard sizes. The main reason for the delays in receiving orders for higher sizes is the absence of order books as a result of the mills' inadequate rolling capacity. Prices decrease as demand for secondary items declines.
Structure News
- Rashtriya Ispat Nigam Limited (RINL), the Indian government-run steel producer with a 7.3 million ton steel mill in Vishakhapatnam, is close to shutting down. The company shut its second blast furnace last Thursday as it ran out of coking coal, according to sources.
Expert Opinion
- SAIL has increased its rates, but JSPL and RINL have rolled over their tariffs to reflect the current market pricing for this month. SAIL prices have gone up due to a shortage of plant supplies. RINL Round bars are quite popular and can be purchased for a premium price, depending on availability.
- Since the secondary market mostly deals with lower-priced goods, a few small price modifications are to be expected given the continuously low market demand. Other than that, nothing major has changed.
Daily Market Report
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