India Steel Market Watch
November 9: Ingot offers showed volatile trends in all the regions on low buying support from end-users, industry sources said.
Offers were down by Rs 200-500 per ton in some locations, while prices were firm by Rs 100-900 per ton in some locations.
Prices moved in the range of Rs 19,400 – Rs 25,800 per ton.
The billets market also fell in tandem across locations owing to bearish trends.
Billet prices also remained stable.
Prices ruled in the range of Rs 20,000 – Rs 24,300 per ton.
RINL offered billets (125x125 mm) at Rs 28,550 per ton (ED included) in November 2015 as against Rs 29,550 per ton (ED included) in October 2015.
Slowdown in demand from semi-finished and finished steel markets has worried Indian MS billet manufacturers. Billet prices remained stable in central and western India amidst stable rebar sales and improved availability in billets.
Following are ingot and billet offers in domestic markets:
|
10-Oct-15 |
17-Oct-15 |
23-Oct-15 |
31-Oct-15 |
7-Nov-15 |
|
|
Market |
Prices as on 10.10.2015 |
Prices as on 10.17.2015 |
Prices as on 10.23.2015 |
Prices as on 10.31.2015 |
Prices as on 11.07.2015 |
Weekly change from 10.31.2015 |
Monthly Change from 10.10.2015 |
Ingot |
|||||||
Mandi Govindgarh |
25400 |
25300 |
24900 |
23200 |
23500 |
300 |
-1900 |
Kolkata |
25800 |
25900 |
25600 |
24200 |
24200 |
- |
-1600 |
Muzaffarnagar |
24400 |
24500 |
24100 |
23200 |
23000 |
-200 |
-1400 |
Gaziabad |
|
|
24000 |
|
22800 |
N/A |
N/A |
Kanpur |
|
|
23350 |
22700 |
22500 |
-200 |
N/A |
Bhilai |
|
23600 |
23000 |
21900 |
|
N/A |
N/A |
Durgapur |
25500 |
25600 |
25300 |
23900 |
23900 |
- |
-1600 |
Alang |
23000 |
23100 |
22500 |
21800 |
21800 |
- |
-1200 |
Raipur |
21600 |
21600 |
20800 |
19900 |
20000 |
100 |
-1600 |
Rourkela |
21000 |
21000 |
20700 |
19800 |
19400 |
-400 |
-1600 |
Jaipur |
24100 |
23900 |
23200 |
22300 |
22500 |
200 |
-1600 |
Jammu |
|
|
|
|
|
N/A |
N/A |
Ahmedabad |
|
|
22800 |
21800 |
22300 |
500 |
N/A |
Hyderabad |
23000 |
23000 |
22700 |
22000 |
21500 |
-500 |
-1500 |
Ludhiana |
25800 |
25700 |
25200 |
23500 |
23700 |
200 |
-2100 |
Raigarh |
21700 |
21600 |
20800 |
20300 |
20000 |
-300 |
-1700 |
Indore |
|
26200 |
25700 |
24900 |
25800 |
900 |
N/A |
Patna |
|
|
|
|
|
N/A |
N/A |
Orissa |
|
|
|
|
|
N/A |
N/A |
Mumbai |
22900 |
22800 |
22700 |
21800 |
21800 |
- |
-1100 |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Goa |
21500 |
21300 |
21400 |
21200 |
|
N/A |
N/A |
Market |
Prices as on 10.10.2015 |
Prices as on 10.17.2015 |
Prices as on 10.23.2015 |
Prices as on 10.31.2015 |
Prices as on 11.07.2015 |
Weekly change from 10.31.2015 |
Monthly Change from 10.10.2015 |
Billet |
|||||||
Mandi Govindgarh |
25400 |
25300 |
24900 |
23400 |
23500 |
100 |
-1900 |
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 |
22200 |
22200 |
21300 |
20400 |
20400 |
- |
-1800 |
Jalandhar |
|
|
|
|
|
N/A |
N/A |
Rourkela |
|
21100 |
21200 |
20000 |
20000 |
- |
N/A |
Ahmedabad |
|
|
23200 |
|
|
N/A |
N/A |
Goa |
21700 |
21700 |
21600 |
|
|
N/A |
N/A |
Nagpur |
|
21700 |
|
|
|
N/A |
N/A |
Durgapur |
25800 |
25900 |
|
|
24300 |
N/A |
-1500 |
Hyderabad |
23000 |
23000 |
22700 |
22000 |
22000 |
- |
-1000 |
Ghaziabad |
24400 |
24700 |
24400 |
23600 |
|
N/A |
N/A |
Source: Traders