India Steel Market Watch
October 6: TMT rebar offers declined on low demand from end users, industry sources told ISMW.
Prices were down by Rs 1700 per ton in Rourkela, Rs 300 per ton in Bangalore, Rs 1000 per ton in Jaipur and Rs 200 per ton in Chennai, according to data available with ISMW.
Prices of TMT brands like Bharatmata and Fortune remained unchanged.
High inventory at retailers end kept most stockiests away from market. Sources revealed delay in payment and increase in production will increase the selling pressure on manufacturers due to ongoing festivals. The situation may continue next week until market takes further direction.
Following are TMT prices in different markets:
TMT (12 mm) prices in different markets |
|||
Market |
Price (basic) on Oct 3 |
Price (basic) on Sep 28 |
W-O-W |
Rourkela |
30100 |
31800 |
-1700 |
Bangalore |
33100 |
33400 |
-300 |
Durgapur |
NA |
NA |
NA |
Jaipur |
27200 |
28200 |
-1000 |
Chennai |
30300 |
30500 |
-200 |
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 |
TMT |
|||||||
Mandi Govindgarh |
|||||||
12 mm |
|||||||
Kamdhenu |
|
|
|
|
|
N/A |
N/A |
Jyoti |
|
|
|
|
|
N/A |
N/A |
Bharatmata |
40000 |
39800 |
39700 |
39300 |
39300 |
- |
-700 |
Fortune |
|
|
|
39901 |
39901 |
- |
N/A |
Doaba |
|
|
|
|
|
N/A |
N/A |
HP Rashtra |
|
|
|
|
|
N/A |
N/A |
Geo Gold |
|
|
|
|
|
N/A |
N/A |
Gyan |
39850 |
39450 |
39400 |
|
37700 |
N/A |
-2150 |
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