India Steel Market Watch
December 1: TMT rebar offers continued to ease as demand from end-users did not pick up, much to the discomfort of the steel mills, faced with high inventory levels, industry sources told ISMW.
Prices were down by Rs 1,200 per ton in Rourkela, according to data available with ISMW. TMT offers eased by Rs 800 per ton in Bangalore and Rs 1,000 per ton in Jaipur and Chennai.
Prices of TMT brands like Bharatmata fell by Rs 500 per ton.
High inventory at retailers’ end kept stockists away from markets, sources said.
Delay in payment from customers is also impacting sales, sources added.
Following are TMT prices in different markets:
TMT (12 mm) prices in different markets |
|||
Market |
Price (basic) on Nov 28 |
Price (basic) on Nov 21 |
W-O-W |
Rourkela |
26800 |
28000 |
-1200 |
Bangalore |
29000 |
29800 |
-800 |
Durgapur |
NA |
NA |
NA |
Jaipur |
23400 |
24400 |
-1000 |
Chennai |
27000 |
28000 |
-1000 |
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 |
Weekly change from 11.21.2015 |
Monthly Change from 10.31.2015 |
TMT |
|||||||
Mandi Govindgarh |
|||||||
12 mm |
|||||||
Kamdhenu |
|
|
|
|
33971 |
N/A |
N/A |
Jyoti |
|
|
|
|
|
N/A |
N/A |
Bharatmata |
36000 |
|
35600 |
35200 |
34700 |
-500 |
-1300 |
Fortune |
|
|
|
|
34801 |
N/A |
N/A |
Doaba |
|
|
|
|
33700 |
N/A |
N/A |
HP Rashtra |
|
|
|
|
|
N/A |
N/A |
Geo Gold |
|
|
|
|
|
N/A |
N/A |
Gyan |
35500 |
36850 |
35400 |
|
34100 |
N/A |
-1400 |
10 mm |
|||||||
Patna (Balmukund) |
|
|
|
|
|
N/A |
N/A |
Jaipur |
|||||||
12mm |
|||||||
Gemini |
|
|
|
|
|
N/A |
N/A |
Mangala |
|
|
|
|
|
N/A |
N/A |
Sharma |
|
|
|
|
|
N/A |
N/A |
Gaziabad |
|||||||
Kamdhenu |
|
|
|
|
|
N/A |
N/A |
Source: Traders