HRC offers firmed up by Rs 400 per ton across regions on marginal uptick in sales, industry sources said.
Prices remained bound between Rs 27,400-28,900 per ton.
Sources said the slight uptick in Chinese offers also impacted domestic prices.
Provisional steel ministry data showed that steel imports fell 35.1% to 766,000 tons in November 2015 as against 1.18 million tons in October 2015.
During April-November, 2015-16, India’s imports of non-alloy flat steel rose 41.3% year-on-year to 5.16 million tons from 3.65 million tons in the same period last year, provisional steel ministry data showed. Imports of HR coils rose 99.6% to 2.36 million tons during the period, while imports of plates rose 54.7% to 683,600 tons during April-November, 2015. GP/GC sheet imports rose 26% to 363,700 tons, while CR coil/sheet imports rose 13.5% to 1.25 million tons during the period.
$1=Rs 66.40
Products & Market |
Unit |
Specification |
Price (Dec 30, 2015) |
Price (Dec 23, 2015) |
W-O-W |
HR Coils |
|
|
|
|
|
Delhi |
Rs/ton (basic) |
2.5 mm & above |
27400 |
26700 |
700 |
Kolkata |
Rs/ton (basic) |
2.5 mm & above |
27600 |
27200 |
400 |
Ludhiana |
Rs/ton (basic) |
2.5 mm & above |
27600 |
27200 |
400 |
Hyderabad |
Rs/ton (basic) |
2.5 mm & above |
28900 |
28900 |
0 |
Source: India Steel Market Watch