India Steel Market Watch
November 17: RINL has cut its long product prices for the month of November 2015 when compared with October 2015, taking into account the low demand conditions prevailing in the market, according to information available with ISMW.
While prices of billets have been reduced by Rs 1,000 per ton ex-Vizag, prices of channels have been reduced by Rs 500 per ton ex-Vizag and that of rebars by Rs 1,800 per ton ex-Vizag.
Prices of rounds have been reduced in the range of Rs 500 per ton ex-Vizag and wire rods have been reduced in the range of Rs 1,000 per ton.
Pig iron offers have been left unchanged ex-Vizag when compared on a month-on-month basis.
Following are the prevailing RINL offers in October:
Product |
Price (Rs per ton) ex-Vizag in Nov-15 |
Price (Rs per ton) ex-Vizag in Oct-15 |
m-o-m |
Billet (125x125 mm) |
28550 |
29550 |
-1000 |
Channel (200x75 mm) |
36650 |
37150 |
-500 |
Rebar 8 mm |
35350 |
37150 |
-1800 |
Round 20.64 mm |
42500 |
42500 |
0 |
Round 40 mm |
34650 |
35150 |
-500 |
Wire rod 7 mm |
32800 |
33800 |
-1000 |
Wire rod 8 mm |
32700 |
33700 |
-1000 |
Pig iron |
19125 |
19125 |
0 |