India Steel Market Watch
October 26: Ingot offers showed easing trends in almost all the regions except Goa, on low buying support from end-users, reversing last week’s volatile trend, industry sources said.
Offers were down by Rs 100-800 per ton across locations, while prices firmed up by Rs 100 per ton in Goa.
Prices moved in the range of Rs 21,200 – Rs 25,700 per ton.
The billets market also fell in tandem across locations.
Billet prices were down by Rs 100-Rs 900 per ton, with the steepest fall seen in Raipur.
Prices ruled in the range of Rs 21,200 – Rs 24,900 per ton.
RINL offered billets (125x125 mm) at Rs 35,500 per ton (ED included) in September 2015 as against same price in the previous year.
Slowdown in demand from semi-finished and finished steel markets has worried Indian MS billet manufacturers.
Decline in billet prices has been noticed in central and western India amidst poor rebar sales and improved availability of billets.
Following are ingot and billet offers in domestic markets:
Market |
Prices as on 09.26.2015 |
Prices as on 10.03.2015 |
Prices as on 10.10.2015 |
Prices as on 10.17.2015 |
Prices as on 10.23.2015 |
Weekly change from 10.17.2015 |
Monthly Change from 09.26.2015 |
Ingot |
|||||||
Mandi Govindgarh |
26200 |
25700 |
25400 |
25300 |
24900 |
-400 |
-1300 |
Kolkata |
27900 |
26300 |
25800 |
25900 |
25600 |
-300 |
-2300 |
Muzaffarnagar |
26300 |
25200 |
24400 |
24500 |
24100 |
-400 |
-2200 |
Gaziabad |
26100 |
25100 |
|
|
24000 |
N/A |
-2100 |
Kanpur |
|
|
|
|
23350 |
N/A |
N/A |
Bhilai |
25000 |
24400 |
|
23600 |
23000 |
-600 |
-2000 |
Durgapur |
27500 |
26000 |
25500 |
25600 |
25300 |
-300 |
-2200 |
Alang |
24500 |
22800 |
23000 |
23100 |
22500 |
-600 |
-2000 |
Raipur |
22700 |
22300 |
21600 |
21600 |
20800 |
-800 |
-1900 |
Rourkela |
22700 |
21700 |
21000 |
21000 |
20700 |
-300 |
-2000 |
Jaipur |
25500 |
24700 |
24100 |
23900 |
23200 |
-700 |
-2300 |
Jammu |
|
|
|
|
|
N/A |
N/A |
Ahmedabad |
24100 |
|
|
|
22800 |
N/A |
-1300 |
Hyderabad |
24000 |
23500 |
23000 |
23000 |
22700 |
-300 |
-1300 |
Ludhiana |
27200 |
26400 |
25800 |
25700 |
25200 |
-500 |
-2000 |
Raigarh |
22900 |
22400 |
21700 |
21600 |
20800 |
-800 |
-2100 |
Indore |
27300 |
26800 |
|
26200 |
25700 |
-500 |
-1600 |
Patna |
|
|
|
|
|
N/A |
N/A |
Orissa |
|
|
|
|
|
N/A |
N/A |
Mumbai |
23900 |
23300 |
22900 |
22800 |
22700 |
-100 |
-1200 |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Goa |
|
21800 |
21500 |
21300 |
21400 |
100 |
N/A |
Market |
Prices as on 09.26.2015 |
Prices as on 10.03.2015 |
Prices as on 10.10.2015 |
Prices as on 10.17.2015 |
Prices as on 10.23.2015 |
Weekly change from 10.17.2015 |
Monthly Change from 09.26.2015 |
Billet |
|||||||
Mandi Govindgarh |
26400 |
25800 |
25400 |
25300 |
24900 |
-400 |
-1500 |
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 |
23200 |
22800 |
22200 |
22200 |
21300 |
-900 |
-1900 |
Jalandhar |
|
|
|
|
|
N/A |
N/A |
Rourkela |
23000 |
22100 |
|
21100 |
21200 |
100 |
-1800 |
Ahmedabad |
|
|
|
|
23200 |
N/A |
N/A |
Goa |
23000 |
22000 |
21700 |
21700 |
21600 |
-100 |
-1400 |
Nagpur |
|
|
|
21700 |
|
N/A |
N/A |
Durgapur |
27400 |
26400 |
25800 |
25900 |
|
N/A |
N/A |
Hyderabad |
24000 |
23500 |
23000 |
23000 |
22700 |
-300 |
-1300 |
Ghaziabad |
26400 |
25500 |
24400 |
24700 |
24400 |
-300 |
-2000 |