India Steel Market Watch
October 27: RINL has cut its long product prices for the month of October 2015 when compared with September 2015, taking into account the low demand conditions prevailing in the market, according to information with ISMW.
While prices of billets have been reduced by Rs 5,950 per ton ex-Vizag, prices of channels have been reduced by Rs 3,050 per ton ex-Vizag and prices of rebars have been reduced by Rs 2,650 per ton ex-Vizag.
Prices of rounds have been reduced in the range of Rs 3,000-4,350 per ton ex-Vizag and wire rods have been reduced in the range of Rs 4,300 per ton.
Pig iron offers have been reduced by Rs 338 per ton 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 Oct-15 |
Price (Rs per ton) ex-Vizag in Sept-15 |
m-o-m |
Billet (125x125 mm) |
29550 |
35500 |
-5950 |
Channel (200x75 mm) |
37150 |
40200 |
-3050 |
Rebar 8 mm |
37150 |
39800 |
-2650 |
Round 20.64 mm |
42500 |
45500 |
-3000 |
Round 40 mm |
35150 |
39500 |
-4350 |
Wire rod 7 mm |
33800 |
38100 |
-4300 |
Wire rod 8 mm |
33700 |
38000 |
-4300 |
Pig iron |
19125 |
19463 |
-338 |
Source: RINL