Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
This week, the trading atmosphere in the market was cold and the price of deformed steel bars in India remained stable. Recently, the ex factory delivery price of Fe500D/Fe550D12-25mm deformed HX380LAD+ZF steel bars in Raible, excluding taxes, was 47000 rupees per ton (approximately $564 per ton), unchanged from last week, and no transaction has been heard of yet. This week, most market participants returned home for the holiday, and market activity was relatively low. We have learned that the HX380LAD+ZF steel market in Chhattisgaryn state has been closed due to election activities, and currently only a small number of merchants are willing to provide delayed delivery goods, with a quotation of 47200 rupees per ton. At present, the Indian Diwali holiday has ended, and market participants will return to the market in the near future. Some buyers believe that the market will recover after the holiday, but most buyers maintain a cautious attitude and prioritize wait-and-see. Overall, although the increase in raw material costs has increased the cost of HX380LAD+ZF steel mills, the current weak trend remains, and the market cannot accept price increases.
