India Steel Market Watch
October 28: Imports of steel, including scrap and stainless steel, through Vizag Port in September 2015 dropped 9.72% to 32,015 tons against 35,463 tons in August 2015, according to data available with ISMW.
Imports of the material during September 2014 were almost flat year-on-year at 32,257 tons.
With the September figures, total imports of the commodity in the first six months of the current fiscal of 2015-16 stood at 347,615 tons against a much lower 201,617 tons recorded in the same period of the previous fiscal, showing a year-on-year spurt of over 72.41%.
In financial year 2014-15, total steel imports through the port stood at 360,236.
The following table gives details of steel imports via Vizag for both financial years:
STEEL IMPORT, VIZAG |
|||
Port |
Month |
QTY |
|
2015-16 |
2014-15 |
||
VIZAG |
APR |
29,406 |
15,512 |
MAY |
93,842 |
22,929 |
|
JUN |
72,051 |
51,309 |
|
JUL |
84,838 |
45,163 |
|
AUG |
35,463 |
34,446 |
|
SEP |
32,015 |
32,257 |
|
OCT |
16,886 |
||
NOV |
37,442 |
||
DEC |
35,778 |
||
JAN |
20,933 |
||
FEB |
25,184 |
||
MAR |
22,396 |
||
VIZAG APRIL TO SEPTEMBER TOTAL |
347,615 |
201,617 |
|
VIZAG APRIL TO MARCH TOTAL |
360,236 |
Following table gives break-up of country wise imports of steel via Vizag Port in September 2015:
STEEL IMPORT, VIZAG |
||||
Product |
Country Of Origin |
Avg. Unit Price (in Rs./Ton) |
Price Range (Rs/Ton) |
Quantity (in Tons) |
LONG PRODUCTS |
CHINA |
70,966 |
49,849 - 92,082 |
37 |
LONG PRODUCTS Total |
37 |
|||
OTHER PRODUCTS |
INDONESIA |
46,599 |
46,599 - 46,599 |
320 |
OTHER PRODUCTS Total |
320 |
|||
PIPES & TUBES |
CHINA |
170,862 |
29,641 - 284,562 |
232 |
SWEDEN |
- |
- |
7 |
|
UNITED STATES |
- |
- |
0.03 |
|
PIPES & TUBES Total |
239 |
|||
SCRAP |
AUSTRALIA |
18,929 |
18,432 - 19,830 |
4,061 |
BRAZIL |
18,262 |
16,789 - 19,735 |
545 |
|
GUINEA |
19,307 |
19,307 - 19,307 |
343 |
|
HONDURAS |
18,555 |
17,763 - 19,307 |
2,577 |
|
NETHERLANDS |
56,251 |
56,251 - 56,251 |
500 |
|
RUSSIA |
102,698 |
102,698 - 102,698 |
19 |
|
SOUTH KOREA |
85,615 |
84,033 - 87,620 |
2,494 |
|
THAILAND |
89,810 |
86,372 - 94,993 |
2,221 |
|
TRINIDAD & TOBAGO |
19,120 |
18,933 - 19,307 |
275 |
|
UNITED KINGDOM |
61,787 |
18,932 - 119,107 |
5,687 |
|
UNITED STATES |
68,776 |
18,825 - 123,599 |
9,113 |
|
SCRAP Total |
27,835 |
|||
WIRES & WIRE RODS |
CHINA |
26,522 |
25,693 - 27,019 |
3,584 |
WIRES & WIRE RODS Total |
3,584 |
|||
Grand Total |
32,015 |
September imports comprised 27,835 tons of scraps, 239 tons plates and slabs, 3,584 tons of wires and wire rods, amongst others.
Imports in August comprised 31,328 tons of scraps, 2,281 tons of wires and rods amongst others.
Further, of the total import volumes in September, 5,687 tons of various items arrived from the UK, 3,584 tons from China, 2,494 tons of scrap from South Korea, 2,577 tons of scrap, amongst others.