Pig iron imports from the port of Chennai increased 20% to 300 tons in June 2016 against 250 tons in May 2016, according to provisional data available with ISMW.
Imports of the material in the first 3 months (April-June) of the current fiscal (2016-17) stood at 1,388 tons, up 1,367% against 588 tons seen in the same period of the previous fiscal (2-15-16), albeit on a low base.
Import volumes have been low in general and were at 3,595 tons in fiscal 2015-16.
Following are the details of pig iron imports via Chennai Port in 2016-17and 2015-16:
Month |
2016-17 (in tons) |
2015-16 (in tons) |
April |
838 |
80 |
May |
250 |
194 |
June |
300 |
314 |
July |
|
730 |
August |
|
400 |
September |
|
401 |
October |
|
261 |
November |
|
301 |
December |
|
364 |
January |
|
66 |
February |
|
212 |
March |
|
272 |
Total Apr- Mar |
1,388 |
3,595 |
In June 2016, the entire volume came in from South Africa at a price range of Rs 24,890 – Rs 25,223 ($288).
In May 2016, the entire volume of 250 tons came in from Russia at a unit price of Rs 19,590 ($288).
The following table contains details of pig iron imports via Chennai Port in June 2016:
PIG IRON IMPORT, CHENNAI |
|||||
Country Of Origin |
Date |
Item Description |
Unit Price (in Rs./Ton) |
Unit Price (in $/Ton) |
Quantity (in Tons) |
SOUTH AFRICA |
10-Jun-16 |
SORELMETAL,GRADE RF-10 (PIG IRON) |
25,196 |
369 |
40 |
13-Jun-16 |
SOREL METAL GRADE RF-10 (PIG IRON) |
24,890 |
364 |
40 |
|
SORELMETAL, GRADE RF-10 (PIG IRON) |
25,223 |
369 |
60 |
||
28-Jun-16 |
SOREL METAL GRADE RF-10 (PIG IRON) |
25,092 |
369 |
160 |
|
Grand Total |
300 |