India Steel Market Watch
September 28: Pig iron offers remained volatile on low buying support from foundries and steel producers in a market.
Offers moved up by Rs 100 per ton in Jalandhar and Rs 900 per ton in Ludhiana. However, offers were down by Rs 100 per ton in Batala.
Current pig iron offers were in the range of Rs 19,900 - 26,000 per ton.
Meanwhile, RINL kept pig iron prices unchanged in September 2015, according to information available with ISMW.
RINL is offering pig iron at Rs 19,463 per ton (inclusive of excise, VAT extra) in September as against the same price in August.
Last week, Neelachal Ispat Nigam Limited (NINL) increased pig iron offers in the domestic market, industry sources informed ISMW.
NINL increased offers sharply by Rs 800 per ton for September deliveries.
Currently, offers for N1 grade pig iron (Si 1.24%, Mn< 1%, S 0.05% max, P 0.15% max and C 3.6-4.3%) are at Rs 17,800 per ton, ex-Cuttack, which were previously at Rs 17,000 per ton.
The company is also allowing discounts up to Rs 300 per ton on purchase of 2,000 tons and above.
The quantity available for sale is 17,000 tons.
NINL prices are valid till September 30, 2015
Following are pig iron offers in the Indian market:
Market |
Prices as on 08.29.2015 |
Prices as on 09.04.2015 |
Prices as on 09.12.2015 |
Prices as on 09.19.2015 |
Prices as on 09.26.2015 |
Weekly change from 09.19.2015 |
Monthly Change from 08.29.2015 |
Pig Iron |
|||||||
Batala |
25200 |
25400 |
25400 |
25400 |
25300 |
-100 |
100 |
Jalandhar |
24700 |
25500 |
25400 |
25200 |
25300 |
100 |
600 |
Ludhiana |
25700 |
25800 |
25700 |
25500 |
25500 |
- |
-200 |
Hydrabad |
|
|
|
19000 |
19900 |
900 |
N/A |
Gaziabad |
26500 |
26000 |
26000 |
26000 |
26000 |
- |
-500 |
Time period |
Steel grade (N1) Pig Iron |
Foundry grade (N2) Pig Iron for road despatches |
|
Dec 16-Dec 26, 2014 |
21200 |
21400 |
|
Dec 31-Jan 10, 2015 |
20700 |
20900 |
|
Jan 28-Feb 10, 2015 |
|
19400 |
|
Feb 5-Feb 28, 2015 |
19300 |
|
|
Feb 25-March 10, 2015 |
|
18420 |
|
March 2-March 10, 2015 |
18800 |
|
|
March11-March 20, 2015 |
18100 |
|
|
March24-March 31, 2015 |
18100 |
|
|
April 07-April 20, 2015 |
18400 |
|
|
April 20-April 30, 2015 |
18400 |
18400 |
|
April 28-May 15, 2015 |
17700 |
|
|
May 5-May 20, 2015 |
|
18400 |
|
May 19-June 12, 2015 |
17500 |
17700 |
|
June 19-June 23, 2015 |
17500 |
17700 |
|
June 25-July 10, 2015 |
17400 |
17600 |
|
July 16-July 31, 2015 |
|
17500 |
|
July 22-July 31, 2015 |
16700 |
|
|
Aug 4-Aug 21, 2015 |
16400 |
16700 |
|
Aug 25-Sept 4, 2015 |
16400 |
16700 |
|
Sept 8-Sept 18, 2015 |
17000 |
|
|
Sept 21-Sept 30, 2015 |
17800 |
|
Source: Traders
|
29-Aug-15 |
4-Sep-15 |
12-Sep-15 |
19-Sep-15 |
26-Sep-15 |
|
|
Market |
Prices as on 08.29.2015 |
Prices as on 09.04.2015 |
Prices as on 09.12.2015 |
Prices as on 09.19.2015 |
Prices as on 09.26.2015 |
Weekly change from 09.19.2015 |
Monthly Change from 08.29.2015 |
Ingot |
|||||||
Mandi Govindgarh |
27000 |
27250 |
27400 |
26850 |
26200 |
-650 |
-800 |
Kolkata |
28000 |
28300 |
28600 |
28500 |
27900 |
-600 |
-100 |
Muzaffarnagar |
27000 |
27400 |
27100 |
26800 |
26300 |
-500 |
-700 |
Gaziabad |
26800 |
27200 |
|
26700 |
26100 |
-600 |
-700 |
Kanpur |
26250 |
27000 |
|
26250 |
|
N/A |
N/A |
Bhilai |
25600 |
26400 |
|
|
25000 |
N/A |
-600 |
Durgapur |
27700 |
28000 |
28300 |
28200 |
27500 |
-700 |
-200 |
Alang |
24500 |
25500 |
24800 |
24600 |
24500 |
-100 |
- |
Raipur |
23300 |
23200 |
23500 |
23100 |
22700 |
-400 |
-600 |
Rourkela |
22800 |
23300 |
23100 |
23000 |
22700 |
-300 |
-100 |
Jaipur |
26100 |
26500 |
26400 |
26000 |
25500 |
-500 |
-600 |
Jammu |
|
|
|
|
|
N/A |
N/A |
Ahmedabad |
25500 |
25500 |
24900 |
|
24100 |
N/A |
-1400 |
Hyderabad |
25000 |
25000 |
24500 |
24500 |
24000 |
-500 |
-1000 |
Ludhiana |
27300 |
27900 |
28000 |
27700 |
27200 |
-500 |
-100 |
Raigarh |
23100 |
23700 |
23800 |
23400 |
22900 |
-500 |
-200 |
Indore |
29200 |
27800 |
27300 |
27100 |
27300 |
200 |
-1900 |
Patna |
|
|
|
|
|
N/A |
N/A |
Orissa |
|
|
|
|
|
N/A |
N/A |
Mumbai |
25500 |
25000 |
24800 |
24500 |
23900 |
-600 |
-1600 |
Nagpur |
|
|
|
|
|
N/A |
N/A |
Goa |
23600 |
24200 |
23300 |
23000 |
|
N/A |
N/A |