Scrap offers posted losses on low procurement levels during the week ended October 1, market sources said.
Prices were down Rs 100-500 per ton in Mandi, Alang, Ludhiana, Jaipur, Bhilai and Mumbai, among others.
Melting scrap prices fell Rs 700 per ton in Mandi Govindgarh.
Prices of containerised shredded scrap remained stable in India due to the increase in prices for domestically-produced sponge iron and billets at $236/ton CFR west coast port.
Prices of scrap in various markets during the past six months (Rs/ton)
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
1-Oct-16 |
30-Sep-16 |
24-Sep-16 |
1-Sep-16 |
4-Apr-16 |
||
SCRAP |
MANDI GOBINDGARH |
18,350 |
18,250 |
18,850 |
17,500 |
19,400 |
SCRAP |
ALANG SCRAP YARD |
17,500 |
17,200 |
17,700 |
15,900 |
16,900 |
SCRAP |
LUDHIANA |
20,700 |
20,700 |
21,200 |
19,600 |
21,900 |
SCRAP |
JAIPUR |
18,500 |
18,500 |
18,600 |
17,800 |
19,400 |
SCRAP |
BHILAI |
17,000 |
17,000 |
17,300 |
15,500 |
18,200 |
SCRAP |
MUZAFFARNAGAR |
19,200 |
- |
19,200 |
- |
- |
SCRAP |
MUMBAI |
15,750 |
- |
15,900 |
- |
- |
SCRAP |
DELHI |
18,100 |
- |
- |
- |
- |
SCRAP |
AHMEDABAD |
17,400 |
- |
17,500 |
- |
16,800 |
SCRAP |
INDORE |
21,200 |
- |
21,200 |
- |
- |
Scrap |
HYDERABAD |
17,400 |
- |
- |
- |
18,300 |
MELTING SCRAP |
MANDI GOBINDGARH |
20,300 |
20,400 |
21,000 |
19,300 |
21,400 |
Source: Compilation from various sources & ISMW data