India Steel Market Watch
November 18: Imports of steel, including scrap and stainless steel, through Vizag Port in October 2015 edged up 3.54% to 33,151 tons against 32,015 tons in September 2015, according to data available with ISMW.
Imports of the material during October 2014 were more than 96% down year-on-year at 16,886 tons.
With the October figures, total imports of the commodity in the first seven months of the current fiscal of 2015-16 stood at 380,766 tons against a lower 218,503 tons recorded in the same period of the previous fiscal, showing a year-on-year spurt of over 74%.
In financial year 2014-15, total steel imports through the port stood at 360,236.
The following table gives details of steel imports via Vizag for both financial years:
STEEL IMPORT, VIZAG |
|||
Port |
Month |
QTY |
|
2015-16 |
2014-15 |
||
VIZAG |
APR |
29,406 |
15,512 |
MAY |
93,842 |
22,929 |
|
JUN |
72,051 |
51,309 |
|
JUL |
84,838 |
45,163 |
|
AUG |
35,463 |
34,446 |
|
SEP |
32,015 |
32,257 |
|
OCT |
33,151 |
16,886 |
|
NOV |
37,442 |
||
DEC |
35,778 |
||
JAN |
20,933 |
||
FEB |
25,184 |
||
MAR |
22,396 |
||
VIZAG APRIL TO OCTOBER TOTAL |
380,766 |
218,503 |
|
VIZAG APRIL TO MARCH TOTAL |
360,236 |
Following table gives break-up of country wise import of steel via Vizag in October 2015:
STEEL IMPORT, VIZAG |
||||
Product |
Country Of Origin |
Avg. Unit Price (in Rs./Ton) |
Price Range (Rs/Ton) |
Quantity (in Tons) |
LONG PRODUCTS |
CHINA |
49,849 |
49,849 - 49,849 |
5 |
LONG PRODUCTS Total |
5 |
|||
OTHER FLAT PRODUCTS |
CHINA |
33,940 |
33,606 - 34,274 |
47 |
OTHER FLAT PRODUCTS Total |
47 |
|||
OTHER PRODUCTS |
INDONESIA |
45,854 |
45,575 - 46,133 |
1,475 |
UNITED STATES |
156,768 |
156,768 - 156,768 |
20 |
|
OTHER PRODUCTS Total |
1,495 |
|||
PIPES & TUBES |
CHINA |
54,975 |
48,104 - 83,982 |
334 |
SINGAPORE |
69,006 |
69,006 - 69,006 |
33 |
|
PIPES & TUBES Total |
367 |
|||
PLATES & SLABS |
TURKEY |
88,057 |
88,057 - 88,057 |
36 |
PLATES & SLABS Total |
36 |
|||
SCRAP |
AUSTRALIA |
18,629 |
18,311 - 18,678 |
7,570 |
BRAZIL |
21,006 |
20,129 - 21,882 |
912 |
|
HONDURAS |
18,427 |
17,817 - 19,308 |
710 |
|
RUSSIA |
101,319 |
101,319 - 101,319 |
102 |
|
SOUTH KOREA |
82,644 |
76,853 - 86,215 |
3,396 |
|
THAILAND |
85,428 |
77,249 - 88,064 |
3,805 |
|
UNITED KINGDOM |
34,201 |
19,048 - 49,354 |
369 |
|
UNITED STATES |
81,102 |
18,825 - 308,636 |
9,137 |
|
SCRAP Total |
26,000 |
|||
WIRES & WIRE RODS |
CHINA |
26,508 |
23,794 - 33,008 |
5,202 |
WIRES & WIRE RODS Total |
5,202 |
|||
Grand Total |
33,151 |
Imports in October comprised 26,000 tons of scraps, 5,202 tons of wires and rods amongst others.
September imports comprised 27,835 tons of scraps, 239 tons plates and slabs, 3,584 tons of wires and wire rods, amongst others.
Further, of the total import volumes in October, 7,570 tons of scrap arrived from Australia, 9,156 tons of scrap and other products from the US, 3,396 tons of scrap from South Korea.