India Steel Market Watch
December 16: In November 2015, the volume of steel imports catapulted more than 250% to 19,146 tons against 5,459 tons in October, the highest in the current fiscal so far, as provisional information available with ISMW shows. Volumes have been swinging wildly as the chart below indicates.
Imports in the first eight months (April to November) of the current fiscal of 2015-16 were at 35,498 tons against 94 tons in the same period of the previous fiscal. There were no imports of the material in November 2014.
Imports of the commodity have been scant throughout the last financial year of 2014-15 with the total being at a mere 115 tons.
The following chart gives details:
STEEL IMPORT, PARADIP |
|||
Port |
Month |
QTY |
|
2015-16 |
2014-15 |
||
PARADIP |
APR |
35 |
5 |
MAY |
11 |
23 |
|
JUN |
5,342 |
4 |
|
JUL |
5,358 |
- |
|
AUG |
47 |
- |
|
SEP |
100 |
61 |
|
OCT |
5,459 |
- |
|
NOV |
19,146 |
- |
|
DEC |
21 |
||
JAN |
- |
||
FEB |
- |
||
MAR |
- |
||
PARADIP APRIL TO OCTOBER TOTAL |
35,498 |
94 |
|
PARADIP APRIL TO MARCH TOTAL |
115 |
The following table gives details of steel imports via Paradip Port in November 2015:
STEEL IMPORT, PARADIP |
||||
Product |
Country Of Origin |
Avg. Unit Price (in Rs./Ton) |
Price Range (Rs/Ton) |
Quantity (in Tons) |
OTHER FLAT PRODUCTS |
RUSSIA |
23,063 |
23,063 - 23,063 |
19,146 |
OTHER FLAT PRODUCTS Total |
19,146 |
|||
Grand Total |
19,146 |
In November 2015, the entire volume comprised other flat products and arrived from Russia at an average price of Rs 23,063 per ton.
In October, a single consignment of long products arrived from Thailand at an average unit price of Rs 29,444 per ton.