India Steel Market Watch
October 16: Long product prices remained volatile in the e-auctions held between September 10, 2015 and October 8, 2015, through the metaljunction auctioning platform, according to information available with ISMW.
Approved pipes and tubes fetched the highest bid price of Rs 31,300 per ton (basic) for material from Uttar Pradesh.
Angles, which are subject to confirmation, fetched the highest bid price of Rs 26,500 per ton (basic) for material from Uttar Pradesh.
Blooms, which are subject to confirmation, fetched the highest bid price of Rs 22,000 per ton (basic) for material from Punjab and Uttar Pradesh.
Channels, which are subject to confirmation, fetched the highest bid price of Rs 25,100 per ton (basic) for material from Andhra Pradesh.
TMT bars, which are subject to confirmation, fetched the highest bid price of Rs 25,950 per ton (basic) for material from Haryana.
Following are the average price bids in blooms, slabs, TMT bars, angles, channels and wire rods in the e-auctions held between September 10, 2015 and October 8, 2015.
The bids are exclusive of excise and taxes:
Approved Long e-auction prices |
||||
PRODUCT CATEGORY |
LOCATION |
BID PRICE (in Rs /Mt) |
QUANTITY as on OCT 8, 2015 |
QUANTITY as on SEP 10, 2015 |
PIPES & TUBES |
UTTAR PRADESH |
24,000 |
9 |
- |
25,500 |
10 |
- |
||
26,000 |
11 |
- |
||
28,900 |
10 |
- |
||
29,000 |
20 |
- |
||
29,800 |
15 |
- |
||
30,800 |
15 |
- |
||
31,300 |
15 |
- |
||
WEST BENGAL |
23,900 |
3 |
- |
|
27,500 |
16 |
- |
||
29,700 |
75 |
- |
||
PIPES & TUBES Total |
200 |
- |
||
Grand Total |
200 |
- |
Long e-auction prices subject to confirmation |
||||
PRODUCT CATEGORY |
LOCATION |
BID PRICE (in Rs /Mt) |
QUANTITY as on OCT 8, 2015 |
QUANTITY as on SEP 10, 2015 |
|
|
|
|
|
SUB CATEGORY |
STATE |
H1 PRICE |
08-Oct |
10-Sep |
ANGLE |
UTTAR PRADESH |
26,500 |
45 |
- |
WEST BENGAL |
23,100 |
- |
106 |
|
ANGLE Total |
45 |
106 |
||
BLOOM |
MAHARASHTRA |
19,000 |
- |
10 |
19,650 |
- |
16 |
||
PUNJAB |
18,100 |
72 |
- |
|
19,200 |
- |
103 |
||
19,350 |
- |
98 |
||
19,550 |
- |
124 |
||
22,000 |
- |
2 |
||
UTTAR PRADESH |
22,000 |
- |
24 |
|
22,050 |
- |
93 |
||
WEST BENGAL |
19,550 |
- |
146 |
|
21,050 |
- |
300 |
||
21,205 |
- |
105 |
||
BLOOM Total |
72 |
1,019 |
||
CHANNEL |
ANDHRA PRADESH |
25,100 |
- |
118 |
CHANNEL Total |
- |
118 |
||
PIPES & TUBES |
PUNJAB |
20,300 |
3 |
- |
PIPES & TUBES Total |
3 |
- |
||
TMT-BAR |
HARYANA |
21,950 |
- |
130 |
24,000 |
- |
191 |
||
25,750 |
- |
100 |
||
25,900 |
- |
64 |
||
25,950 |
- |
63 |
||
27,100 |
- |
74 |
||
27,150 |
- |
74 |
||
MADHYA PRADESH |
24,200 |
- |
42 |
|
PUNJAB |
21,600 |
- |
63 |
|
21,750 |
- |
125 |
||
22,050 |
- |
63 |
||
23,000 |
- |
108 |
||
26,050 |
- |
66 |
||
26,450 |
- |
63 |
||
TAMIL NADU |
23,000 |
195 |
- |
|
UTTAR PRADESH |
24,500 |
- |
123 |
|
WEST BENGAL |
22,600 |
- |
64 |
|
22,850 |
- |
63 |
||
TMT-BAR Total |
195 |
1,477 |
||
WIRE-ROD |
MAHARASHTRA |
21,000 |
150 |
- |
21,900 |
- |
4 |
||
PUNJAB |
23,550 |
41 |
- |
|
UTTAR PRADESH |
24,350 |
200 |
- |
|
WEST BENGAL |
22,050 |
100 |
- |
|
23,200 |
100 |
- |
||
WIRE-ROD Total |
591 |
4 |
||
Grand Total |
907 |
2,724 |