India Steel Market Watch
November 23: Ingot offers fell across regions on low buying support from end-users, industry sources said.
Offers were down by Rs 100-700 per ton in most of the locations.
Prices moved in the range of Rs 19,000 – Rs 23,600 per ton.
The billets market also remained volatile across locations owing to bearish trends.
Prices ruled in the range of Rs 19,700 – Rs 23,800 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.
A slowdown in demand from semi-finished and finished steel markets has worried Indian MS billet manufacturers. Billet prices fell because of low rebar sales and improved availability in billets, sources said.
Following are ingot and billet offers in domestic markets:
|
23-Oct-15 |
31-Oct-15 |
7-Nov-15 |
14-Nov-15 |
21-Nov-15 |
|
|
Market |
Prices as on 10.23.2015 |
Prices as on 10.31.2015 |
Prices as on 11.07.2015 |
Prices as on 11.14.2015 |
Prices as on 11.21.2015 |
Weekly change from 11.14.2015 |
Monthly Change from 10.23.2015 |
Ingot |
|||||||
Mandi Govindgarh |
24900 |
23200 |
23500 |
23200 |
23100 |
-100 |
-1800 |
Kolkata |
25600 |
24200 |
24200 |
23800 |
23600 |
-200 |
-2000 |
Muzaffarnagar |
24100 |
23200 |
23000 |
23000 |
22700 |
-300 |
-1400 |
Gaziabad |
24000 |
|
22800 |
23000 |
22600 |
-400 |
-1400 |
Kanpur |
23350 |
22700 |
22500 |
22750 |
|
N/A |
N/A |
Bhilai |
23000 |
21900 |
|
|
21700 |
N/A |
-1300 |
Durgapur |
25300 |
23900 |
23900 |
23500 |
23300 |
-200 |
-2000 |
Alang |
22500 |
21800 |
21800 |
22500 |
21800 |
-700 |
-700 |
Raipur |
20800 |
19900 |
20000 |
19700 |
19400 |
-300 |
-1400 |
Rourkela |
20700 |
19800 |
19400 |
19300 |
19000 |
-300 |
-1700 |
Jaipur |
23200 |
22300 |
22500 |
22500 |
22400 |
-100 |
-800 |
Jammu |
|
|
|
|
|
N/A |
N/A |
Ahmedabad |
22800 |
21800 |
22300 |
|
|
N/A |
N/A |
Hyderabad |
22700 |
22000 |
21500 |
22000 |
|
N/A |
N/A |
Ludhiana |
25200 |
23500 |
23700 |
23800 |
23500 |
-300 |
-1700 |
Raigarh |
20800 |
20300 |
20000 |
19800 |
19500 |
-300 |
-1300 |
Indore |
25700 |
24900 |
25800 |
25050 |
|
N/A |
N/A |
Patna |
|
|
|
|
|
N/A |
N/A |
Orissa |
|
|
|
|
|
N/A |
N/A |
Mumbai |
22700 |
21800 |
21800 |
21400 |
21500 |
100 |
-1200 |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Goa |
21400 |
21200 |
|
21300 |
21300 |
- |
-100 |
Market |
Prices as on 10.23.2015 |
Prices as on 10.31.2015 |
Prices as on 11.07.2015 |
Prices as on 11.14.2015 |
Prices as on 11.21.2015 |
Weekly change from 11.14.2015 |
Monthly Change from 10.23.2015 |
Billet |
|||||||
Mandi Govindgarh |
24900 |
23400 |
23500 |
23300 |
23400 |
100 |
-1500 |
Kolkata |
|
|
|
|
|
N/A |
N/A |
Kutch |
|
|
|
|
|
N/A |
N/A |
Ludhiana |
|
|
|
|
|
N/A |
N/A |
HP |
|
|
|
|
|
N/A |
N/A |
Mumbai |
|
|
|
|
21900 |
N/A |
N/A |
Raipur |
21300 |
20400 |
20400 |
20200 |
20200 |
- |
-1100 |
Jalandhar |
|
|
|
|
|
N/A |
N/A |
Rourkela |
21200 |
20000 |
20000 |
19700 |
19700 |
- |
-1500 |
Ahmedabad |
23200 |
|
|
|
|
N/A |
N/A |
Goa |
21600 |
|
|
21500 |
21500 |
- |
-100 |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Durgapur |
|
|
24300 |
23800 |
23800 |
- |
N/A |
Hyderabad |
22700 |
22000 |
22000 |
22000 |
21500 |
-500 |
-1200 |
Ghaziabad |
24400 |
23600 |
|
|
23100 |
N/A |
-1300 |
Source: Traders