Ingot prices rose during the week ended February 20, on offtake of steel products following imposition of the MIP by the government, market sources said.
Sources said the markets were up on expectations that the Union Budget would lay special emphasis on infrastructure projects which, in turn, would lead to higher steel consumption.
Prices of ingots in various markets during the past one year (Rs/ton):
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 |
Weekly changes |
20-Feb-16 |
19-Feb-16 |
13-Feb-16 |
24-Aug-15 |
20-Feb-15 |
||
MANDI GOVINDGARH |
25,900 |
26,000 |
25,150 |
26,550 |
29,800 |
▲ |
ALANG |
24,300 |
23,350 |
22,500 |
25,500 |
28,200 |
▲ |
BHILAI |
24,450 |
24,450 |
23,350 |
25,500 |
28,300 |
▲ |
GOA |
21,400 |
21,400 |
22,400 |
23,800 |
27,200 |
▼ |
INDORE |
27,200 |
27,200 |
28,000 |
29,000 |
32,600 |
▼ |
MUZAFFAR NAGAR |
24,500 |
24,300 |
24,400 |
26,100 |
29,800 |
▲ |
DURGAPUR |
25,700 |
25,200 |
24,800 |
26,700 |
30,600 |
▲ |
MUMBAI |
24,600 |
23,700 |
23,100 |
25,200 |
28,900 |
▲ |
HYDERABAD |
23,600 |
23,500 |
- |
23,500 |
27,700 |
▲ |
JAIPUR |
24,500 |
24,700 |
23,600 |
25,500 |
28,600 |
▲ |
KOLKATA |
26,200 |
25,700 |
25,300 |
27,000 |
30,900 |
▲ |
RAIGARH |
21,900 |
21,800 |
21,000 |
22,700 |
26,100 |
▲ |
RAIPUR |
21,900 |
21,800 |
21,100 |
22,600 |
25,800 |
▲ |
ROURKELA |
21,200 |
21,000 |
20,600 |
22,100 |
25,600 |
▲ |
GHAZIABAD |
24,400 |
24,100 |
24,600 |
25,800 |
29,600 |
▼ |
KANPUR |
- |
- |
23,500 |
25,000 |
28,250 |
▼ |
AHMEDABAD |
- |
- |
- |
24,500 |
30,100 |
⇔ |
LUDHIANA |
26,200 |
26,000 |
25,300 |
26,800 |
29,800 |
▲ |
Source: Traders