Indian Steel Mills Keep PPGI Prices Unchanged for May

Major Indian steelmakers have announced roll over in PPGI (Pre Painted galvanized prices) for May deliveries. Indian steel mills kept PPGI prices unchanged owing to subdued trades, lackluster demand and ongoing elections in domestic market.

JSW Steel is offering PPGI (0.5 mm 90 GSM) at INR 62,500-63,000/MT (ex-Mumbai).The prices mentioned above are basic prices excluding GST@18%.

Essar Steel is offering PPGI (0.5 mm 90 GSM) prices at INR 59,500-59,750/MT (ex-Mumbai).The prices mentioned above are basic prices excluding GST@18%.

Also Asian Colour Coated also kept its PPGI prices unchanged for May deliveries

However current reference prices in traders market of retail section for PPGI (0.5 mm,90GSM ) are hovering in the range of INR 58,750-59,000/MT (Ex-Mumbai) and INR 59,000-62,000/MT (ex-Delhi).The prices mentioned above are basic prices excluding GST@18%.

Domestic Galvanized Plain Coil prices in traders market- Currently trade reference prices for Galvanized plain coil (0.8 mm, 120 GSM) is at 50,000-53,000/MT (ex-Mumbai) and INR 52,000/MT (ex-Delhi).The prices mentioned above are basic prices excluding GST@18%.