TMT prices continued to soften on low lifting and ample availability in markets across the country, sources said.
The uncertainty over implementation of the minimum import price (MIP) appears to be affecting sentiment in this category, they said.
Almost a similar trend was witnessed in prices of all diameters of TMT in various markets on January 11. While 16 mm prices fell by Rs 700 per ton in Durgapur, 20 mm prices slipped by Rs 300 per ton to Rs 800 per ton in various major markets.
As far as the 28 mm is concerned, prices declined by Rs 500 to Rs 650 per ton, while 12 mm prices shed anywhere between Rs 300 and Rs 650 per ton
Following table gives indicative prices of TMT in select markets:
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
11-Jan-16 |
8-Jan-16 |
||
TMT 28 mm |
GOA |
26,500 |
27,000 |
HYDERABAD |
23,500 |
24,000 |
|
JAIPUR |
25,500 |
25,900 |
|
JULLUNDHUR |
- |
25,000 |
|
MUZAFFARNAGAR |
25,400 |
25,900 |
|
RAIGARH |
23,100 |
23,700 |
|
RAIPUR |
23,300 |
23,950 |
|
TURBO |
24,509 |
25,009 |
|
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
11-Jan-16 |
8-Jan-16 |
||
TMT 20 mm |
MUMBAI |
26,500 |
27,100 |
MORIA |
32,000 |
NA |
|
SHIVANGI |
31,300 |
32,000 |
|
AHMEDABAD |
26,300 |
26,600 |
|
AKSHAT |
31,900 |
32,700 |
|
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
11-Jan-16 |
8-Jan-16 |
||
TMT 16 mm |
DURGAPUR |
28,800 |
29,500 |
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
11-Jan-16 |
8-Jan-16 |
||
TMT 12 mm |
CHENNAI |
29,500 |
30,000 |
BANGALORE |
33,100 |
33,400 |
|
ROURKELLA |
29,500 |
30,000 |
|
DURGAPUR |
- |
NA |
|
JAIPUR |
- |
NA |
|
RATHI |
28,700 |
NA |
|
BHARATMATA |
35,400 |
36,000 |
|
DOABA |
- |
35,100 |
|
GYAN |
34,850 |
35,200 |
|
JYOTI |
34,734 |
35,134 |
|
KAMDHENU |
34,571 |
35,171 |
|
FORTUN |
35,601 |
36,001 |
|
NAINA |
35,801 |
36,201 |
Source: Traders