TMT rebar offers failed to sustain firmness on low demand from end-users, resulting in high inventory levels, industry sources said.
Prices fell by Rs 500 per ton in Bangalore and Rs 300 per ton in Chennai. However, offers increased by Rs 1,000 per ton in Jaipur while rates remained unchanged in Rourkela.
Prices of TMT brands like Bharatmata rose by Rs 300 per ton to Rs 36,100 per ton.
RINL is offering rebar 8 mm at Rs 35,350 per ton ED included (ex-Vizag) in December.
Sources said demand waned on lack of activity during the Christmas period. However, demand may pick up during the new year as we enter the last quarter of fiscal 2015-16, sources said.
Following are TMT prices in different markets:
TMT (12 mm) prices in different markets |
|||
Market |
Price (basic) on Dec 29 |
Price (basic) on Dec 19 |
W-O-W |
Rourkela |
28000 |
28000 |
0 |
Bangalore |
32100 |
32600 |
-500 |
Durgapur |
NA |
NA |
NA |
Jaipur |
23000 |
22000 |
1000 |
Chennai |
27200 |
27500 |
-300 |
Market |
Prices as on 11.28.2015 |
Prices as on 12.07.2015 |
Prices as on 12.12.2015 |
Prices as on 12.19.2015 |
Prices as on 12.26.2015 |
Weekly change from 12.19.2015 |
Monthly Change from 11.28.2015 |
TMT |
|||||||
Mandi Govindgarh |
|||||||
12 mm |
|||||||
Kamdhenu |
33971 |
|
|
|
35471 |
N/A |
1500 |
Jyoti |
|
|
|
|
35534 |
N/A |
N/A |
Bharatmata |
34700 |
34200 |
35100 |
35800 |
36100 |
300 |
1400 |
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 |
34100 |
|
|
|
35600 |
N/A |
1500 |
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