India Steel Market Watch
October 13: Wire rod offers declined on sluggish demand resulting in higher inventory levels, industry sources told ISMW.
Prices fell by Rs 500 per ton in Durgapur and remained unchanged in Raipur.
RINL has kept prices unchanged in September looking at the low demand conditions.
RINL is offering wire rods of 7 mm at Rs 38,100 per ton (ED included) in September as against the same price in August. The company is offering wire rods of 8 mm at Rs 38,000 per ton (ED included) in September as against the same price in August.
Following are prevailing structure prices in different markets:
Indian structure prices |
|||||
Product |
Unit |
Market |
Price (Oct 13, 2015) |
Price (Oct 6, 2015) |
w-o-w |
40 Angle |
Rs/ton (basic) |
Gobindgarh |
26800 |
27200 |
-400 |
40 Angle |
Rs/ton (basic) |
Raipur |
26100 |
26500 |
-400 |
40 Angle |
Rs/ton (basic) |
Mumbai |
27200 |
27600 |
-400 |
200 Channel |
Rs/ton (basic) |
Ghaziabad |
31100 |
31100 |
0 |
200 Channel |
Rs/ton (basic) |
Raipur |
26900 |
27600 |
-700 |
5.5 mm Wire rod |
Rs/ton (basic) |
Durgapur |
25000 |
25500 |
-500 |
5.5 mm Wire rod |
Rs/ton (basic) |
Raipur |
26000 |
26000 |
0 |
Source: Traders
Metallic prices dip on low procurement by end-users
India Steel Market Watch
October 13: Metallic prices declined on low procurement by end-users, according to information available with ISMW.
Scrap prices declined in the range of Rs 400-800 per ton, while rolling prices declined by Rs 900-1100 per ton in Mandi and Rs 100-400 per ton in Alang.
Imported scrap prices were quoted around $202 per ton CFR Mumbai.
Sponge iron prices declined in the range of Rs 400-800 per ton, while pig iron prices remained unchanged.
Ingot prices also declined by Rs 300-800 per ton, while billet prices declined by Rs 300-1100 per ton in different markets.
Following are prevailing metallic prices in different markets:
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 |
Scrap |
|||||||
Mandi Govindgarh |
21900 |
20900 |
20200 |
20300 |
19800 |
-500 |
-2100 |
Kolkata |
|
|
|
|
|
N/A |
N/A |
Alang |
18900 |
18900 |
18700 |
18200 |
|
N/A |
N/A |
Raipur |
|
|
|
|
|
N/A |
N/A |
Jaipur |
22800 |
22300 |
22000 |
21800 |
21000 |
-800 |
-1800 |
Ludhiana |
24200 |
23500 |
22700 |
22600 |
22200 |
-400 |
-2000 |
Muzaffarnagar |
22500 |
22400 |
22200 |
|
|
N/A |
N/A |
Mumbai |
18300 |
18500 |
18000 |
18100 |
18100 |
- |
-200 |
Patna |
|
|
|
|
|
N/A |
N/A |
Delhi |
|
|
|
|
|
N/A |
N/A |
Gaziabad |
|
|
23000 |
|
|
N/A |
N/A |
Bhilai |
|
20300 |
19500 |
18500 |
|
N/A |
N/A |
Ahmedabad |
|
|
|
|
|
N/A |
N/A |
Durgapur |
19500 |
20000 |
20000 |
|
|
N/A |
N/A |
Jammu |
|
|
|
|
|
N/A |
N/A |
Kanpur |
|
|
|
|
|
N/A |
N/A |
Indore |
20200 |
20200 |
20300 |
|
|
N/A |
N/A |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Jalna |
|
|
|
|
|
N/A |
N/A |
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 |
Rolling |
|||||||
Mandi Govindgarh |
|||||||
10 Ani |
26800 |
26500 |
|
25800 |
24700 |
-1100 |
-2100 |
8 Ani |
26600 |
26300 |
|
25600 |
24500 |
-1100 |
-2100 |
6 Ani |
26300 |
25950 |
|
25200 |
24100 |
-1100 |
-2200 |
2/5 Kg |
25800 |
25600 |
|
24600 |
23700 |
-900 |
-2100 |
5/10 Kg |
26400 |
26000 |
|
25300 |
24200 |
-1100 |
-2200 |
1/2 Kg |
24300 |
24400 |
|
23200 |
22100 |
-1100 |
-2200 |
Alang |
|||||||
12 Ani |
23500 |
23500 |
23500 |
22200 |
21800 |
-400 |
-1700 |
10 Ani |
23400 |
23400 |
23300 |
22100 |
21700 |
-400 |
-1700 |
8 Ani |
23100 |
23100 |
23000 |
21800 |
21400 |
-400 |
-1700 |
6 Ani |
22700 |
22700 |
22500 |
21400 |
21100 |
-300 |
-1600 |
4 Ani |
22000 |
22000 |
21900 |
20700 |
20500 |
-200 |
-1500 |
5 Ani |
|
|
|
|
|
N/A |
N/A |
1/2 Kg |
20800 |
21200 |
21300 |
19500 |
19400 |
-100 |
-1400 |
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 |
Sponge Iron |
|||||||
Mandi Govindgarh (Non-branded) |
|
|
|
|
|
N/A |
N/A |
Mandi Govindgarh (Branded) |
18500 |
18500 |
18800 |
17400 |
17000 |
-400 |
-1500 |
Durgapur |
15300 |
15100 |
15500 |
13700 |
14000 |
300 |
-1300 |
Raipur |
16200 |
16000 |
16100 |
15100 |
14700 |
-400 |
-1500 |
Rourkela |
14400 |
14700 |
14800 |
13500 |
12700 |
-800 |
-1700 |
Raigarh |
15000 |
15100 |
15000 |
14000 |
14000 |
- |
-1000 |
Hyderabad |
|
|
|
|
|
N/A |
N/A |
Orissa |
|
|
|
|
|
N/A |
N/A |
Nagpur |
|
|
|
|
|
N/A |
N/A |
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 |
Pig Iron |
|||||||
Batala |
25400 |
25400 |
25300 |
25200 |
|
N/A |
N/A |
Jalandhar |
25400 |
25200 |
25300 |
25000 |
|
N/A |
N/A |
Ludhiana |
25700 |
25500 |
25500 |
25500 |
|
N/A |
N/A |
Hydrabad |
|
19000 |
19900 |
|
|
N/A |
N/A |
Gaziabad |
26000 |
26000 |
26000 |
26500 |
|
N/A |
N/A |
|
12-Sep-15 |
19-Sep-15 |
26-Sep-15 |
3-Oct-15 |
10-Oct-15 |
|
|
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 |
Ingot |
|||||||
Mandi Govindgarh |
27400 |
26850 |
26200 |
25700 |
25400 |
-300 |
-2000 |
Kolkata |
28600 |
28500 |
27900 |
26300 |
25800 |
-500 |
-2800 |
Muzaffarnagar |
27100 |
26800 |
26300 |
25200 |
24400 |
-800 |
-2700 |
Gaziabad |
|
26700 |
26100 |
25100 |
|
N/A |
N/A |
Kanpur |
|
26250 |
|
|
|
N/A |
N/A |
Bhilai |
|
|
25000 |
24400 |
|
N/A |
N/A |
Durgapur |
28300 |
28200 |
27500 |
26000 |
25500 |
-500 |
-2800 |
Alang |
24800 |
24600 |
24500 |
22800 |
23000 |
200 |
-1800 |
Raipur |
23500 |
23100 |
22700 |
22300 |
21600 |
-700 |
-1900 |
Rourkela |
23100 |
23000 |
22700 |
21700 |
21000 |
-700 |
-2100 |
Jaipur |
26400 |
26000 |
25500 |
24700 |
24100 |
-600 |
-2300 |
Jammu |
|
|
|
|
|
N/A |
N/A |
Ahmedabad |
24900 |
|
24100 |
|
|
N/A |
N/A |
Hyderabad |
24500 |
24500 |
24000 |
23500 |
23000 |
-500 |
-1500 |
Ludhiana |
28000 |
27700 |
27200 |
26400 |
25800 |
-600 |
-2200 |
Raigarh |
23800 |
23400 |
22900 |
22400 |
21700 |
-700 |
-2100 |
Indore |
27300 |
27100 |
27300 |
26800 |
|
N/A |
N/A |
Patna |
|
|
|
|
|
N/A |
N/A |
Orissa |
|
|
|
|
|
N/A |
N/A |
Mumbai |
24800 |
24500 |
23900 |
23300 |
22900 |
-400 |
-1900 |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Goa |
23300 |
23000 |
|
21800 |
21500 |
-300 |
-1800 |
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 |
Billet |
|||||||
Mandi Govindgarh |
27400 |
27050 |
26400 |
25800 |
25400 |
-400 |
-2000 |
Kolkata |
|
|
|
|
|
N/A |
N/A |
Kutch |
|
|
|
|
|
N/A |
N/A |
Ludhiana |
|
|
|
|
|
N/A |
N/A |
HP |
|
|
|
|
|
N/A |
N/A |
Mumbai |
|
|
|
|
|
N/A |
N/A |
Raipur |
24000 |
24000 |
23200 |
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