After a decline in the previous week, scrap prices in almost all the markets declined amidst indications of a further fall in steel prices in coming days, market sources said.
The decline on January 11 ranged from Rs 1,800 - Rs 2,500 per ton.
Imported HMS (80:20) offers were quoted at $190 per ton.
The imported shredded variety was quoted at around $203-204 per ton.
The Indian currency was quoted at Rs 66.79 per dollar, making imports expensive.
The decline was steep in the markets of Mandi Govindgarh, Alang, Jaipur and Bhilai.
Rolling rates also declined on low procurement by the steel mills.
Following table gives indicative prices of scrap in various markets:
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 |
8-Jan-16 |
1-Jan-16 |
9-Dec-15 |
12-Jul-15 |
8-Jan-15 |
|
MANDI GOBINDGARH |
17,800 |
19,900 |
17,000 |
22,500 |
25,900 |
KOLKATA |
NA |
- |
- |
- |
- |
ALANG SCRAP YARD |
NA |
- |
16,300 |
18,600 |
22,800 |
LUDHIANA |
20,100 |
21,900 |
19,100 |
24,900 |
28,300 |
JAIPUR |
18,300 |
20,800 |
18,300 |
22,800 |
26,400 |
BHILAI |
17,000 |
19,400 |
16,000 |
21,300 |
24,800 |
MUZAFFARNAGAR |
- |
- |
- |
- |
- |
MUMBAI |
- |
- |
- |
21,750 |
23,300 |
PATNA |
- |
- |
- |
- |
- |
DELHI |
- |
- |
- |
- |
- |
GHAZIABAD |
- |
22,000 |
- |
- |
- |
AHMEDABAD |
- |
16,500 |
- |
18,900 |
23,200 |
DURGAPUR |
- |
- |
- |
- |
- |
JAMMU |
- |
- |
- |
- |
- |
KANPUR |
- |
20,000 |
- |
22,300 |
- |
INDORE |
- |
20,200 |
- |
- |
- |
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 |
8-Jan-16 |
1-Jan-16 |
9-Dec-15 |
12-Jul-15 |
8-Jan-15 |
||
ROLLING |
ALANG INCHI |
20,600 |
- |
- |
- |
- |
ROLLING |
12 Ani |
20,550 |
22,300 |
20,300 |
23,700 |
27,100 |
ROLLING |
10 Ani |
20,450 |
22,200 |
20,200 |
23,600 |
27,000 |
ROLLING |
8 Ani |
20,150 |
21,900 |
20,000 |
23,400 |
26,600 |
ROLLING |
6 Ani |
19,900 |
21,700 |
19,700 |
22,900 |
26,200 |
ROLLING |
4 Ani |
19,350 |
21,100 |
19,200 |
22,000 |
25,600 |
ROLLING |
2 Kg |
19,400 |
- |
- |
- |
- |
ROLLING |
5 Kg |
19,700 |
- |
- |
- |
- |
ROLLING |
1/2 Kg |
16,950 |
18,100 |
18,300 |
- |
23,800 |
Source: Traders