HR coils, CR coils and plate prices remained firm on April 5.
Indian steel mills have increased their prices for hot rolled coil (HRC) by Rs 1,000 per ton for sales in the domestic market in April following extension of safeguard duty for next two years and to take advantage of the prevailing price gap due to minimum import price (MIP) mechanism.
Offer prices for hot rolled coil (HRC) imports into India were heard at around $380 per ton cfr Mumbai for May-June shipments though recent deals have happened in around $370 per ton CFR, sources said.
Offers for commercial-grade hot rolled coil (HRC) exports from India have increased by about $10 per ton over the past two weeks to $410-415 per ton fob western Indian ports for May shipments, industry sources said.
Prices of flat products in various markets during the past one year (Rs/ton)
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Daily changes |
5-Apr-16 |
4-Apr-16 |
29-Mar-16 |
5-Mar-16 |
8-Oct-15 |
|||
HR COILS |
DELHI |
30,700 |
30,700 |
30,200 |
28,700 |
29,500 |
⇔ |
HR COILS |
KOLKATA |
31,100 |
31,100 |
30,700 |
28,900 |
29,400 |
⇔ |
HR COILS |
LUDHIANA |
30,700 |
30,700 |
30,200 |
29,500 |
29,800 |
⇔ |
HR COILS |
HYDERABAD |
31,100 |
31,100 |
30,700 |
28,900 |
29,800 |
⇔ |
HR COIL IMPORT |
Imported (CFR |
370 |
360 |
320 |
310 |
298 |
▲ |
CR COILS |
MUMBAI |
34,600 |
34,600 |
34,200 |
32,000 |
32,200 |
⇔ |
CR COILS |
LUDHIANA |
35,000 |
35,000 |
35,000 |
32,900 |
33,700 |
⇔ |
CR COILS |
HYDERABAD |
35,000 |
35,000 |
35,000 |
32,000 |
32,900 |
⇔ |
PLATE |
RAIGARH |
30,000 |
30,000 |
28,500 |
26,200 |
- |
⇔ |
GP |
DELHI |
37,200 |
37,200 |
38,700 |
38,000 |
- |
⇔ |
Source: Compilation from various sources & ISMW data