India Steel Market Watch
October 27: TMT rebar offers declined on low demand levels from end-users, industry sources told ISMW.
Prices were down by Rs 1,100 per ton in Rourkela and Rs 200 per ton in Bangalore, according to data available with ISMW. TMT offers declined by Rs 700 per ton in Jaipur and Rs 1,000 per ton in Chennai, sources said.
Prices of TMT brands like Bharatmata stood at Rs 37,000 per ton and Gyan at Rs 36,650 per ton.
High inventory at retailers’ end kept most stockists away from market, sources said. The ongoing festivals in most parts of the country delayed procurement, sources said.
Delay in payment and increase in production will lead to higher selling pressures on manufacturers due to the ongoing festivals, sources added.
Following are TMT prices in different markets:
TMT (12 mm) prices in different markets |
|||
Market |
Price (basic) on Oct 24 |
Price (basic) on Oct 17 |
W-O-W |
Rourkela |
28500 |
29600 |
-1100 |
Bangalore |
32000 |
32200 |
-200 |
Durgapur |
NA |
NA |
NA |
Jaipur |
25600 |
26300 |
-700 |
Chennai |
29000 |
30000 |
-1000 |
Market |
Prices as on 09.26.2015 |
Prices as on 10.03.2015 |
Prices as on 10.10.2015 |
Prices as on 10.17.2015 |
Prices as on 10.23.2015 |
Weekly change from 10.17.2015 |
Monthly Change from 09.26.2015 |
TMT |
|||||||
Mandi Govindgarh |
|||||||
12 mm |
|||||||
Kamdhenu |
|
|
|
|
|
N/A |
N/A |
Jyoti |
|
|
|
|
|
N/A |
N/A |
Bharatmata |
39300 |
39300 |
|
37300 |
37000 |
-300 |
-2300 |
Fortune |
39901 |
39901 |
|
|
|
N/A |
N/A |
Doaba |
|
|
|
|
|
N/A |
N/A |
HP Rashtra |
|
|
|
|
|
N/A |
N/A |
Geo Gold |
|
|
|
|
|
N/A |
N/A |
Gyan |
|
37700 |
36750 |
36800 |
36650 |
-150 |
N/A |
10 mm |
|||||||
Patna (Balmukund) |
|
|
|
|
|
N/A |
N/A |
Jaipur |
|||||||
12mm |
|||||||
Gemini |
|
|
|
|
|
N/A |
N/A |
Mangala |
|
|
|
|
|
N/A |
N/A |
Sharma |
|
|
|
|
|
N/A |
N/A |
Gaziabad |
|||||||
Kamdhenu |
|
|
|
|
|
N/A |
N/A |
Source: Traders