Imports of steel, including scrap and stainless steel, through Vizag Port in February 2016 went down 23.65% month-on-month to 34,299 tons against 44,926 tons in January 2016, according to data available with ISMW.
Imports of the material during February 2015 were much lower at 25,184 tons.
With the February figures, total imports of the commodity in the first 11 months of the current fiscal of 2015-16 stood higher by 53.74% at 519,401 tons against 337,839 tons recorded in the same period of the previous fiscal.
In financial year 2014-15, total steel imports through the port stood at 360,236.
The following table gives details of steel imports via Vizag for both financial years:
STEEL IMPORT, VIZAG |
|||
Port |
Month |
QTY |
|
2015-16 |
2014-15 |
||
VIZAG |
APR |
29,406 |
15,512 |
MAY |
93,842 |
22,929 |
|
JUN |
72,051 |
51,309 |
|
JUL |
84,838 |
45,163 |
|
AUG |
35,463 |
34,446 |
|
SEP |
32,015 |
32,257 |
|
OCT |
33,151 |
16,886 |
|
NOV |
31,659 |
37,442 |
|
DEC |
27,751 |
35,778 |
|
JAN |
44,926 |
20,933 |
|
FEB |
34,299 |
25,184 |
|
MAR |
22,396 |
||
VIZAG APRIL TO FEBRUARY TOTAL |
519,401 |
337,839 |
|
VIZAG APRIL TO MARCH TOTAL |
360,236 |
Imports in February 2016 comprised 33,612 tons of scrap and 568 tons of pipes and tubes amongst others.
January imports comprised 32,512 tons of scraps, 10,214 tons plates and slabs, 1,411 tons of long products, amongst others.
Further, of the total import volumes in February 2016, 8,630 tons of scrap arrived from the UK, 6,127 tons of scrap from Thailand, 8,630 tons of scrap from the US, amongst other countries. It is to be noted that there has been a marked drop in imports from China at only 668 tons of pipes and tubes and wires and wire rods, post the imposition of the minimum import price by the Indian government in early February.
Following table gives break-up of country-wise import of steel via Vizag in February 2016:
STEEL IMPORT, VIZAG |
||||
Product |
Country Of Origin |
Avg. Unit Price (in Rs./Ton) |
Price Range (Rs/Ton) |
Quantity (in Tons) |
OTHER PRODUCTS |
JAPAN |
171,205 |
171,205 - 171,205 |
19 |
OTHER PRODUCTS Total |
19 |
|||
PIPES & TUBES |
CHINA |
43,986 |
38,998 - 51,122 |
568 |
PIPES & TUBES Total |
568 |
|||
SCRAP |
AUSTRALIA |
13,983 |
13,821 - 14,857 |
2,911 |
BRAZIL |
14,802 |
13,831 - 15,744 |
3,826 |
|
HONDURAS |
14,917 |
14,857 - 14,977 |
426 |
|
JAPAN |
15,629 |
15,629 - 15,629 |
508 |
|
NEW ZEALAND |
14,720 |
14,720 - 14,720 |
587 |
|
PHILIPPINES |
13,898 |
13,831 - 13,932 |
1,248 |
|
SENEGAL |
14,395 |
13,932 - 14,857 |
283 |
|
SOUTH KOREA |
47,919 |
15,629 - 70,422 |
1,796 |
|
THAILAND |
52,148 |
15,076 - 92,740 |
6,127 |
|
TOGO |
14,744 |
13,932 - 14,977 |
1,064 |
|
UNITED KINGDOM |
26,671 |
14,651 - 94,408 |
8,630 |
|
UNITED STATES |
50,748 |
14,977 - 105,810 |
6,206 |
|
SCRAP Total |
33,612 |
|||
WIRES & WIRE RODS |
CHINA |
33,084 |
32,939 - 33,229 |
100 |
WIRES & WIRE RODS Total |
100 |
|||
Grand Total |
34,299 |