India Steel Market Watch
January 6: Steel exports from the port of Chennai have been showing a very volatile trend across months from the onset of the new fiscal. On a month-on-month basis, in November 2015, exports spurted by more than 115% to 17,501 tons against a slightly modest 8,116 tons in October, according to provisional data available with ISMW.
Consequently, with the November figures, total steel exports through the port in the first eight of the current fiscal of 2015-16 stood at 60,271 tons against a far heftier 481,407 tons seen in the same period of the previous year.
Total steel exports through the port in financial year 2014-15 stood at 697,943 tons.
Exports of the commodity stood at a more voluminous 50,017 tons in October 2014.
Following are the details of steel exports via Chennai Port in 2015-16 and 2014-15:
STEEL EXPORT, CHENNAI |
|||
Port |
Month |
QTY |
|
2015-16 |
2014-15 |
||
CHENNAI |
APR |
7,056 |
46,237 |
MAY |
3,439 |
82,873 |
|
JUN |
6,842 |
75,802 |
|
JUL |
4,298 |
44,360 |
|
AUG |
9,677 |
99,577 |
|
SEP |
3,343 |
56,698 |
|
OCT |
8,116 |
50,017 |
|
NOV |
17,501 |
25,844 |
|
DEC |
68,858 |
||
JAN |
63,729 |
||
FEB |
47,643 |
||
MAR |
36,305 |
||
CHENNAI APRIL TO NOVEMBER TOTAL |
60,271 |
481,407 |
|
CHENNAI APRIL TO MAR TOTAL |
697,943 |
The following table contains details of steel exports via Chennai in November 2015:
STEEL EXPORT, CHENNAI |
||||
Product |
Destination Country |
Avg. Unit Price (in Rs./Ton) |
Price Range |
Quantity (in Tons) |
CR PRODUCTS |
CHINA |
116,100 |
116,100 - 116,100 |
2 |
DENMARK |
27,518 |
27,518 - 27,518 |
23 |
|
EGYPT |
32,249 |
32,249 - 32,249 |
146 |
|
ISRAEL |
53,833 |
27,928 - 69,364 |
777 |
|
SOUTH KOREA |
118,312 |
112,310 - 148,320 |
2 |
|
SRI LANKA |
36,341 |
36,341 - 36,341 |
54 |
|
CR PRODUCTS Total |
1,003 |
|||
HR PRODUCTS |
JAPAN |
60,398 |
60,398 - 60,398 |
0 |
HR PRODUCTS Total |
0 |
|||
LONG PRODUCTS |
BANGLADESH |
117,746 |
74,629 - 160,863 |
42 |
ITALY |
27,911 |
26,442 - 28,646 |
15,243 |
|
MADAGASCAR |
34,079 |
33,436 - 34,722 |
46 |
|
PAPUA NEW GUINEA |
34,465 |
34,465 - 34,465 |
16 |
|
SRI LANKA |
50,165 |
34,433 - 126,057 |
88 |
|
LONG PRODUCTS Total |
15,435 |
|||
OTHER PRODUCTS |
AUSTRALIA |
- |
- |
0.01 |
SRI LANKA |
81,286 |
63,550 - 124,313 |
20 |
|
UNITED ARAB EMIRATES |
175,492 |
91,332 - 228,628 |
21 |
|
OTHER PRODUCTS Total |
41 |
|||
PIPES & TUBES |
AUSTRALIA |
38,564 |
37,874 - 43,263 |
153 |
INDONESIA |
112,843 |
112,441 - 113,189 |
39 |
|
MALAYSIA |
108,758 |
85,284 - 136,627 |
125 |
|
SRI LANKA |
35,671 |
31,823 - 37,563 |
312 |
|
PIPES & TUBES Total |
629 |
|||
PLATES & SLABS |
SOUTH KOREA |
138,142 |
138,142 - 138,142 |
10 |
PLATES & SLABS Total |
10 |
|||
STAINLESS STEEL PRODUCTS |
BELGIUM |
126,480 |
115,896 - 142,661 |
338 |
SPAIN |
178,119 |
148,469 - 207,769 |
18 |
|
STAINLESS STEEL PRODUCTS Total |
355 |
|||
VALUE ADDED PRODUCTS |
CHINA |
60,617 |
55,146 - 65,650 |
2 |
JAPAN |
62,285 |
55,146 - 70,902 |
1 |
|
SOUTH KOREA |
112,917 |
111,040 - 116,670 |
1 |
|
TAIWAN |
135,063 |
134,470 - 136,250 |
3 |
|
VALUE ADDED PRODUCTS Total |
7 |
|||
WIRES & WIRE RODS |
UNITED ARAB EMIRATES |
73,584 |
73,584 - 73,584 |
20 |
WIRES & WIRE RODS Total |
20 |
|||
Grand Total |
17,501 |
In November 2015, exports included 1,003 tons of CR products, 629 tons of pipes and tubes, 15,435 tons of long products amongst others. All products were sent to various countries in differing price bands.
In October 2015, exports included 739 tons of CR products, 4,991 tons of HR products, 1,004 tons of pipes and tubes amongst others. All products were sent to various countries in differing price bands.
Also, in the month of November, exports mainly comprised 15,243 tons of long products to Italy, 777 tons CR products to Israel, amongst others.