India Steel Market Watch
October 13: TMT rebar offers declined on low demand from end-users, industry sources told ISMW.
Prices were down by Rs 100 per ton in Rourkela and Rs 500 per ton in Bangalore, according to data available with ISMW. TMT offers remained unchanged in Jaipur and Chennai.
Prices of TMT brands like Bharatmata and Fortune remained unchanged, while prices of Gyan fell by Rs 950 per ton.
High inventory at retailers end kept most stockists away from market, sources said. Delay in payment and increase in production will lead to higher 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 10 |
Price (basic) on Oct 3 |
W-O-W |
Rourkela |
30000 |
30100 |
-100 |
Bangalore |
32600 |
33100 |
-500 |
Durgapur |
NA |
NA |
NA |
Jaipur |
27200 |
27200 |
0 |
Chennai |
30300 |
30300 |
0 |
Market |
Prices as on 09.12.2015 |
Prices as on 09.19.2015 |
Prices as on 09.26.2015 |
Prices as on 10.03.2015 |
Prices as on 10.10.2015 |
Weekly change from 10.03.2015 |
Monthly Change from 09.12.2015 |
TMT |
|||||||
Mandi Govindgarh |
|||||||
12 mm |
|||||||
Kamdhenu |
|
|
|
|
|
N/A |
N/A |
Jyoti |
|
|
|
|
|
N/A |
N/A |
Bharatmata |
39800 |
39700 |
39300 |
39300 |
|
N/A |
N/A |
Fortune |
|
|
39901 |
39901 |
|
N/A |
N/A |
Doaba |
|
|
|
|
|
N/A |
N/A |
HP Rashtra |
|
|
|
|
|
N/A |
N/A |
Geo Gold |
|
|
|
|
|
N/A |
N/A |
Gyan |
39450 |
39400 |
|
37700 |
36750 |
-950 |
-2700 |
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