India: Heavy structural steel prices plunge by INR 1,000/t d-o-d in Raipur
Heavy structural steel prices fell by INR 1,000/t d-o-d in Raipur. The current offer for 150mm channel stands at INR 52,500/t exw. Due to uncertain market trend in steel billets prices and lack of buying enquiries at higher prices, suppliers were compelled to decline offers in the spot market. However, trade discounts were hovering over INR 1,500/t.