Pitrapaksha glooms sets in the Indian long steel market
Post Date: 20 Sep 2014 Viewed: 336
Market sentiments have taken beating during the week as buying petered out owing to start of Pitrapaksha considered inauspicious for new construction. Market was low on buying and transactions were few and far between.
The inauspicious period will continue till 24th September during which price expected to remain. In India October-November is festival season during which construction activity is low.
The market is expected to remain low during October.
Pencil Ingot
Change on 18th Sept 2014 as compared to 12th Sept 2014
In INR per tonne