Ingot prices declined further in all the markets across the country on January 11 as compared to the previous day on low demand amidst uncertainty over implementation of the minimum import price (MIP) for steel, market sources said.
The decline in prices ranged between Rs 650 and Rs 2,100 per ton on the back of low buying by steel mills.
Following table gives indicative prices of ingots in various markets:
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
8-Jan-16 |
1-Jan-16 |
9-Dec-15 |
12-Jul-15 |
8-Jan-15 |
|
MANDI GOVINDGARH |
23,300 |
25,400 |
22,500 |
28,000 |
31,650 |
ALANG |
22,800 |
24,700 |
- |
24,800 |
30,300 |
BHILAI |
22,250 |
24,700 |
- |
26,800 |
29,900 |
GOA |
23,150 |
23,800 |
- |
24,100 |
29,600 |
INDORE |
28,600 |
28,300 |
24,700 |
29,800 |
34,300 |
MUZAFFAR NAGAR |
23,600 |
25,100 |
22,100 |
27,500 |
30,400 |
DURGAPUR |
24,800 |
25,800 |
22,500 |
28,600 |
32,200 |
MUMBAI |
23,000 |
24,200 |
21,700 |
24,900 |
30,700 |
HYDERABAD |
23,000 |
24,500 |
21,500 |
- |
29,000 |
JAIPUR |
23,000 |
25,000 |
21,500 |
26,900 |
30,100 |
KOLKATA |
25,100 |
26,100 |
22,800 |
28,900 |
32,500 |
RAIGARH |
20,700 |
22,400 |
19,100 |
23,800 |
28,000 |
RAIPUR |
20,800 |
22,400 |
19,100 |
23,900 |
27,600 |
ROURKELA |
20,400 |
21,700 |
18,400 |
23,400 |
27,100 |
GHAZIABAD |
23,400 |
24,900 |
21,900 |
27,000 |
30,500 |
KANPUR |
23,250 |
24,600 |
21,500 |
27,200 |
29,900 |
AHMEDABAD |
- |
24,800 |
- |
25,300 |
30,500 |
LUDHIANA |
24,000 |
25,700 |
22,800 |
28,500 |
32,200 |
Source: Traders