India Steel Market Watch
December 7: Ingot offers showed a firm trend across regions on renewed buying support from end-users, industry sources said.
Offers were up by Rs 100-800 per ton in almost all the locations tracked by ISMW, except for Raipur, where rates fell by Rs 100 to Rs 19,100 per ton.
Prices moved in the range of Rs 18,400 – Rs 24,000 per ton.
The billets market, however, remained volatile across locations owing to bearish trends.
Prices ruled in the range of Rs 18,900 – Rs 24,700 per ton.
RINL offered billets (125x125 mm) at Rs 28,550 per ton (ED included) in November 2015 as against Rs 29,550 per ton (ED included) in October 2015.
A slowdown in demand from the semi-finished and finished steel markets has worried Indian MS billet manufacturers. Billet prices fell because of low rebar sales and improved availability of the material, sources said.
Following are ingot and billet offers in domestic markets:
Market |
Prices as on 10.31.2015 |
Prices as on 11.07.2015 |
Prices as on 11.14.2015 |
Prices as on 11.21.2015 |
Prices as on 11.28.2015 |
Prices as on 12.07.2015 |
Weekly change from 11.28.2015 |
Ingot |
|||||||
Mandi Govindgarh |
23200 |
23500 |
23200 |
23100 |
21700 |
22500 |
800 |
Kolkata |
24200 |
24200 |
23800 |
23600 |
22700 |
22800 |
100 |
Muzaffarnagar |
23200 |
23000 |
23000 |
22700 |
21800 |
22100 |
300 |
Gaziabad |
|
22800 |
23000 |
22600 |
21700 |
21900 |
200 |
Kanpur |
22700 |
22500 |
22750 |
|
21300 |
21500 |
200 |
Bhilai |
21900 |
|
|
21700 |
20700 |
|
N/A |
Durgapur |
23900 |
23900 |
23500 |
23300 |
22400 |
22500 |
100 |
Alang |
21800 |
21800 |
22500 |
21800 |
|
|
N/A |
Raipur |
19900 |
20000 |
19700 |
19400 |
19200 |
19100 |
-100 |
Rourkela |
19800 |
19400 |
19300 |
19000 |
18400 |
18400 |
- |
Jaipur |
22300 |
22500 |
22500 |
22400 |
21000 |
21500 |
500 |
Jammu |
|
|
|
|
|
|
N/A |
Ahmedabad |
21800 |
22300 |
|
|
21500 |
|
N/A |
Hyderabad |
22000 |
21500 |
22000 |
|
|
21500 |
N/A |
Ludhiana |
23500 |
23700 |
23800 |
23500 |
22400 |
22800 |
400 |
Raigarh |
20300 |
20000 |
19800 |
19500 |
18800 |
19100 |
300 |
Indore |
24900 |
25800 |
25050 |
|
24000 |
24700 |
700 |
Patna |
|
|
|
|
|
|
N/A |
Orissa |
|
|
|
|
|
|
N/A |
Mumbai |
21800 |
21800 |
21400 |
21500 |
21600 |
21700 |
100 |
Nagpur |
|
|
|
|
|
|
N/A |
Goa |
21200 |
|
21300 |
21300 |
21300 |
|
N/A |
Market |
Prices as on 10.31.2015 |
Prices as on 11.07.2015 |
Prices as on 11.14.2015 |
Prices as on 11.21.2015 |
Prices as on 11.28.2015 |
Prices as on 12.07.2015 |
Weekly change from 11.28.2015 |
Billet |
|||||||
Mandi Govindgarh |
23400 |
23500 |
23300 |
23400 |
22200 |
22400 |
200 |
Kolkata |
|
|
|
|
|
|
N/A |
Kutch |
|
|
|
|
|
|
N/A |
Ludhiana |
|
|
|
|
|
|
N/A |
HP |
|
|
|
|
|
|
N/A |
Mumbai |
|
|
|
21900 |
21700 |
|
N/A |
Raipur |
20400 |
20400 |
20200 |
20200 |
|
19500 |
N/A |
Jalandhar |
|
|
|
|
|
|
N/A |
Rourkela |
20000 |
20000 |
19700 |
19700 |
18900 |
18500 |
-400 |
Ahmedabad |
|
|
|
|
|
|
N/A |
Goa |
|
|
21500 |
21500 |
21500 |
21500 |
- |
Nagpur |
|
|
|
|
|
|
N/A |
Durgapur |
|
24300 |
23800 |
23800 |
22700 |
22800 |
100 |
Hyderabad |
22000 |
22000 |
22000 |
21500 |
21500 |
21500 |
- |
Ghaziabad |
23600 |
|
|
23100 |
22400 |
22300 |
-100 |
Source: Traders