India Steel Market Watch
December 8: TMT rebar offers remained unchanged 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 remained same in Rourkela at Rs 26,800 per ton, at Rs 29,000 per ton in Bangalore, and at Rs 27,000 per ton in Chennai.
However, prices fell a sharp Rs 5,200 in Jaipur.
Prices of TMT brands like Bharatmata fell further by Rs 500 per ton to Rs 34,200 per ton.
High inventory levels at retailers’ end kept stockists away from markets.
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 Dec 8 |
Price (basic) on Nov 28 |
W-O-W |
Rourkela |
26800 |
26800 |
0 |
Bangalore |
29000 |
29000 |
0 |
Durgapur |
NA |
NA |
NA |
Jaipur |
18200 |
23400 |
-5200 |
Chennai |
27000 |
27000 |
0 |
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 |
Monthly Change from 11.07.2015 |
TMT |
||||||||
Mandi Govindgarh |
||||||||
12 mm |
||||||||
Kamdhenu |
|
|
|
|
33971 |
|
N/A |
N/A |
Jyoti |
|
|
|
|
|
|
N/A |
N/A |
Bharatmata |
36000 |
|
35600 |
35200 |
34700 |
34200 |
-500 |
N/A |
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 |
N/A |
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