India Steel Market Watch
December 2: Steel exports from the port of Chennai have been showing a very volatile trend across months from the onset of the new fiscal. On a month-on-month basis, in October 2015, exports spurted by 142.77% to 8,116 tons against a modest 3,343 tons in September, according to provisional data available with ISMW.
Consequently, with the October figures, total steel exports through the port in the first seven of the current fiscal of 2015-16 stood at 42,770 tons against a far heftier 455,563 tons seen in the same period of the previous year.
Total steel exports through the port in financial year 2014-15 stood at 697,943 tons.
Exports of the commodity stood at a more voluminous 50,017 tons in October 2014.
Following are the details of steel exports via Chennai Port in 2015-16 and 2014-15:
STEEL EXPORT, CHENNAI |
|||
Port |
Month |
QTY |
|
2015-16 |
2014-15 |
||
CHENNAI |
APR |
7,056 |
46,237 |
MAY |
3,439 |
82,873 |
|
JUN |
6,842 |
75,802 |
|
JUL |
4,298 |
44,360 |
|
AUG |
9,677 |
99,577 |
|
SEP |
3,343 |
56,698 |
|
OCT |
8,116 |
50,017 |
|
NOV |
25,844 |
||
DEC |
68,858 |
||
JAN |
63,729 |
||
FEB |
47,643 |
||
MAR |
36,305 |
||
CHENNAI APRIL TO OCTOBER TOTAL |
42,770 |
455,563 |
|
CHENNAI APRIL TO MAR TOTAL |
697,943 |
The following table contains details of steel exports via Chennai in October 2015:
STEEL EXPORT, CHENNAI |
||||
Product |
Destination Country |
Avg. Unit Price (in Rs./Ton) |
Price Range |
Quantity (in Tons) |
CR PRODUCTS |
CHINA |
197,110 |
197,110 - 197,110 |
0.07 |
ISRAEL |
29,477 |
28,228 - 29,835 |
614 |
|
LITHUANIA |
27,544 |
27,544 - 27,544 |
42 |
|
THAILAND |
39,219 |
27,068 - 62,357 |
84 |
|
CR PRODUCTS Total |
739 |
|||
HR PRODUCTS |
CHINA |
207,230 |
207,230 - 207,230 |
0.09 |
SOUTH KOREA |
112,240 |
112,240 - 112,240 |
0.29 |
|
SRI LANKA |
24,694 |
23,981 - 29,994 |
4,966 |
|
#N/A |
25,903 |
25,903 - 25,903 |
25 |
|
HR PRODUCTS Total |
4,991 |
|||
LONG PRODUCTS |
AUSTRALIA |
55,335 |
52,080 - 58,590 |
51 |
MADAGASCAR |
35,155 |
31,507 - 36,651 |
62 |
|
NEW ZEALAND |
80,168 |
78,596 - 81,740 |
28 |
|
SRI LANKA |
41,159 |
30,405 - 45,298 |
83 |
|
LONG PRODUCTS Total |
224 |
|||
OTHER FLAT PRODUCTS |
SOUTH KOREA |
20,960 |
20,960 - 20,960 |
3 |
OTHER FLAT PRODUCTS Total |
3 |
|||
OTHER PRODUCTS |
MADAGASCAR |
29,132 |
20,507 - 37,758 |
4 |
SOUTH KOREA |
17,183 |
17,183 - 17,183 |
1 |
|
OTHER PRODUCTS Total |
5 |
|||
PIPES & TUBES |
BANGLADESH |
201,174 |
0 - 377,844 |
12 |
CZECH REPUBLIC |
101,147 |
101,031 - 101,376 |
17 |
|
GERMANY |
107,264 |
106,825 - 108,099 |
63 |
|
INDONESIA |
108,761 |
103,777 - 110,771 |
74 |
|
ITALY |
67,788 |
67,788 - 67,788 |
26 |
|
MADAGASCAR |
53,382 |
48,174 - 58,590 |
8 |
|
MALAYSIA |
112,234 |
79,964 - 149,330 |
26 |
|
OMAN |
142,742 |
106,942 - 200,538 |
2 |
|
ROMANIA |
68,435 |
67,205 - 69,049 |
16 |
|
SRI LANKA |
31,698 |
30,827 - 37,210 |
156 |
|
UNITED ARAB EMIRATES |
48,521 |
47,043 - 50,000 |
11 |
|
VIETNAM |
49,105 |
42,120 - 91,017 |
593 |
|
PIPES & TUBES Total |
1,004 |
|||
PLATES & SLABS |
MADAGASCAR |
36,781 |
36,456 - 37,107 |
6 |
SOUTH KOREA |
147,045 |
125,229 - 188,233 |
33 |
|
PLATES & SLABS Total |
39 |
|||
STAINLESS STEEL PRODUCTS |
BELGIUM |
139,552 |
125,892 - 148,017 |
698 |
GERMANY |
144,358 |
144,358 - 144,358 |
38 |
|
KUWAIT |
- |
- |
0.05 |
|
SPAIN |
146,265 |
144,854 - 147,677 |
25 |
|
SRI LANKA |
200,725 |
188,790 - 211,575 |
3 |
|
UNITED STATES |
215,264 |
213,528 - 216,132 |
5 |
|
STAINLESS STEEL PRODUCTS Total |
768 |
|||
STRIPS |
EGYPT |
- |
- |
7 |
IRAN |
62,469 |
62,469 - 62,469 |
100 |
|
STRIPS Total |
106 |
|||
VALUE ADDED PRODUCTS |
AUSTRALIA |
38,831 |
37,691 - 40,427 |
198 |
CHINA |
196,690 |
196,690 - 196,690 |
0.29 |
|
SOUTH KOREA |
124,945 |
124,170 - 125,720 |
2 |
|
SRI LANKA |
51,786 |
51,786 - 51,786 |
20 |
|
VALUE ADDED PRODUCTS Total |
220 |
|||
WIRES & WIRE RODS |
MALDIVES |
128,030 |
126,945 - 130,200 |
1 |
SRI LANKA |
88,310 |
86,605 - 90,015 |
16 |
|
WIRES & WIRE RODS Total |
17 |
|||
Grand Total |
8,116 |
In October 2015, exports included 739 tons of CR products, 4,991 tons of HR products, 1,004 tons of pipes and tubes amongst others. All products were sent to various countries in differing price bands.
In September 2015, exports included 440 tons of CR products, 824 tons of stainless steel products, 730 tons of long products amongst others. All products were sent to various countries in differing price bands.
Also, in the month of October, exports mainly comprised 698 tons of stainless steel products to Belgium, 614 tons CR products to Israel, 593 tons of pipes and tubes to Vietnam and 5,244 tons of various products to Sri Lanka, amongst others.