India Steel Market Watch
October 5: Domestic scrap offers eased on low buying by end-users, industry sources told ISMW.
With depreciation of currency rates, imported scrap offers also fell to $212 per ton from $214 per ton earlier leading to some booking and possible increase in inventory levels. The shredded variety is available at $228 per ton.
Current offers in the domestic market were down by Rs 100-1000 in all the markets of Alang, Jaipur, Ludhiana and Ghaziabad. However, prices were up by Rs 100 per ton in Mandi.
Scrap prices have moved in a range of Rs 18,100 -22,600 per ton.
Rolling rates fell in Alang by Rs 1100-1800 per ton.
Scrap currently contributes 18-20% of India's crude steel-making.
In the April-August period of 2015-16, scrap imports stood at 2.55 million tons as against 2.24 million tons, an increase of 13.8% year on year. During the same period re-rollable scrap imports stood at 214,500 tons as against 142,300 tons, a growth of 50.8% year on year.
US$ 1=Rs 65.22
Following are scrap and rolling prices in different markets:
Market |
Prices as on 09.04.2015 |
Prices as on 09.12.2015 |
Prices as on 09.19.2015 |
Prices as on 09.26.2015 |
Prices as on 10.03.2015 |
Weekly change from 09.26.2015 |
Monthly Change from 09.04.2015 |
Scrap |
|||||||
Mandi Govindgarh |
22200 |
21900 |
20900 |
20200 |
20300 |
100 |
-1900 |
Kolkata |
|
|
|
|
|
N/A |
N/A |
Alang |
19400 |
18900 |
18900 |
18700 |
18200 |
-500 |
-1200 |
Raipur |
|
|
|
|
|
N/A |
N/A |
Jaipur |
23700 |
22800 |
22300 |
22000 |
21800 |
-200 |
-1900 |
Ludhiana |
24400 |
24200 |
23500 |
22700 |
22600 |
-100 |
-1800 |
Muzaffarnagar |
|
22500 |
22400 |
22200 |
|
N/A |
N/A |
Mumbai |
|
18300 |
18500 |
18000 |
18100 |
100 |
N/A |
Patna |
|
|
|
|
|
N/A |
N/A |
Delhi |
|
|
|
|
|
N/A |
N/A |
Gaziabad |
|
|
|
23000 |
|
N/A |
N/A |
Bhilai |
20500 |
|
20300 |
19500 |
18500 |
-1000 |
-2000 |
Ahmedabad |
|
|
|
|
|
N/A |
N/A |
Durgapur |
|
19500 |
20000 |
20000 |
|
N/A |
N/A |
Jammu |
|
|
|
|
|
N/A |
N/A |
Kanpur |
|
|
|
|
|
N/A |
N/A |
Indore |
|
20200 |
20200 |
20300 |
|
N/A |
N/A |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Jalna |
|
|
|
|
|
N/A |
N/A |
Market |
Prices as on 09.04.2015 |
Prices as on 09.12.2015 |
Prices as on 09.19.2015 |
Prices as on 09.26.2015 |
Prices as on 10.03.2015 |
Weekly change from 09.26.2015 |
Monthly Change from 09.04.2015 |
Rolling |
|||||||
Mandi Govindgarh |
|||||||
10 Ani |
27050 |
26800 |
26500 |
|
25800 |
N/A |
-1250 |
8 Ani |
27600 |
26600 |
26300 |
|
25600 |
N/A |
-2000 |
6 Ani |
27350 |
26300 |
25950 |
|
25200 |
N/A |
-2150 |
2/5 Kg |
27100 |
25800 |
25600 |
|
24600 |
N/A |
-2500 |
5/10 Kg |
27400 |
26400 |
26000 |
|
25300 |
N/A |
-2100 |
1/2 Kg |
24600 |
24300 |
24400 |
|
23200 |
N/A |
-1400 |
Alang |
|||||||
12 Ani |
23800 |
23500 |
23500 |
23500 |
22200 |
-1300 |
-1600 |
10 Ani |
23700 |
23400 |
23400 |
23300 |
22100 |
-1200 |
-1600 |
8 Ani |
23400 |
23100 |
23100 |
23000 |
21800 |
-1200 |
-1600 |
6 Ani |
22900 |
22700 |
22700 |
22500 |
21400 |
-1100 |
-1500 |
4 Ani |
22300 |
22000 |
22000 |
21900 |
20700 |
-1200 |
-1600 |
5 Ani |
|
|
|
|
|
N/A |
N/A |
1/2 Kg |
20500 |
20800 |
21200 |
21300 |
19500 |
-1800 |
-1000 |
Source: Traders