India Steel Market Watch
December 14: Ingot offers showed a firm trend across regions on renewed buying support from end-users, industry sources said.
Offers were up by Rs 500-1,400 per ton in almost all the locations tracked by ISMW, except for Kolkata, where rates fell by Rs 200 per ton.
Prices moved in the range of Rs 19,700 – Rs 26,100 per ton.
The billets market also firmed up across locations.
Prices ruled in the range of Rs 22,000 – Rs 23,600 per ton.
RINL offered billets (125x125 mm) at Rs 28,150 per ton (ED included) in December 2015 as against Rs 28,550 per ton (ED included) in November 2015.
Billet prices improved because of some improvement in rebar sales, sources said.
Following are ingot and billet offers in domestic markets:
|
14-Nov-15 |
21-Nov-15 |
28-Nov-15 |
7-Dec-15 |
12-Dec-15 |
|
|
Market |
Prices as on 11.14.2015 |
Prices as on 11.21.2015 |
Prices as on 11.28.2015 |
Prices as on 12.07.2015 |
Prices as on 12.12.2015 |
Weekly change from 12.07.2015 |
Monthly Change from 11.14.2015 |
Ingot |
|||||||
Mandi Govindgarh |
23200 |
23100 |
21700 |
22500 |
23100 |
600 |
-100 |
Kolkata |
23800 |
23600 |
22700 |
22800 |
22600 |
-200 |
-1200 |
Muzaffarnagar |
23000 |
22700 |
21800 |
22100 |
22600 |
500 |
-400 |
Gaziabad |
23000 |
22600 |
21700 |
21900 |
22700 |
800 |
-300 |
Kanpur |
22750 |
|
21300 |
21500 |
22200 |
700 |
-550 |
Bhilai |
|
21700 |
20700 |
|
22100 |
N/A |
N/A |
Durgapur |
23500 |
23300 |
22400 |
22500 |
23000 |
500 |
-500 |
Alang |
22500 |
21800 |
|
|
22800 |
N/A |
300 |
Raipur |
19700 |
19400 |
19200 |
19100 |
19900 |
800 |
200 |
Rourkela |
19300 |
19000 |
18400 |
18400 |
19200 |
800 |
-100 |
Jaipur |
22500 |
22400 |
21000 |
21500 |
22200 |
700 |
-300 |
Jammu |
|
|
|
|
|
N/A |
N/A |
Ahmedabad |
|
|
21500 |
|
22400 |
N/A |
N/A |
Hyderabad |
22000 |
|
|
21500 |
22500 |
1000 |
500 |
Ludhiana |
23800 |
23500 |
22400 |
22800 |
23600 |
800 |
-200 |
Raigarh |
19800 |
19500 |
18800 |
19100 |
19700 |
600 |
-100 |
Indore |
25050 |
|
24000 |
24700 |
26100 |
1400 |
1050 |
Patna |
|
|
|
|
|
N/A |
N/A |
Orissa |
|
|
|
|
|
N/A |
N/A |
Mumbai |
21400 |
21500 |
21600 |
21700 |
22100 |
400 |
700 |
Nagpur |
|
|
|
|
21800 |
N/A |
N/A |
Goa |
21300 |
21300 |
21300 |
|
|
N/A |
N/A |
Market |
Prices as on 11.14.2015 |
Prices as on 11.21.2015 |
Prices as on 11.28.2015 |
Prices as on 12.07.2015 |
Prices as on 12.12.2015 |
Weekly change from 12.07.2015 |
Monthly Change from 11.14.2015 |
Billet |
|||||||
Mandi Govindgarh |
23300 |
23400 |
22200 |
22400 |
23600 |
1200 |
300 |
Kolkata |
|
|
|
|
|
N/A |
N/A |
Kutch |
|
|
|
|
|
N/A |
N/A |
Ludhiana |
|
|
|
|
|
N/A |
N/A |
HP |
|
|
|
|
|
N/A |
N/A |
Mumbai |
|
21900 |
21700 |
|
|
N/A |
N/A |
Raipur |
20200 |
20200 |
|
19500 |
20600 |
1100 |
400 |
Jalandhar |
|
|
|
|
|
N/A |
N/A |
Rourkela |
19700 |
19700 |
18900 |
18500 |
|
N/A |
N/A |
Ahmedabad |
|
|
|
|
|
N/A |
N/A |
Goa |
21500 |
21500 |
21500 |
21500 |
22000 |
500 |
500 |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Durgapur |
23800 |
23800 |
22700 |
22800 |
23600 |
800 |
-200 |
Hyderabad |
22000 |
21500 |
21500 |
21500 |
22500 |
1000 |
500 |
Ghaziabad |
|
23100 |
22400 |
22300 |
23400 |
1100 |
N/A |
Source: Traders