India Steel Market Watch
December 22: TMT rebar offers firmed up further as demand from end-users picked up, providing relief to the steel mills, faced with high inventory levels, industry sources told ISMW.
Prices rose by Rs 200 per ton in Rourkela and Rs 1,600 per ton in Bangalore. Offers increased by Rs 2,000 per ton in Jaipur while rates increased by Rs 500 per ton in Chennai, which faced its worst floods in several years.
Prices of TMT brands like Bharatmata rose by Rs 700 per ton to Rs 35,800 per ton.
RINL is offering rebar 8 mm at Rs 35,350 per ton ED included (ex-Vizag) in December.
With sales increasing marginally, producers hoped that inventory levels would fall and markets would stabilise in due course, sources said.
Following are TMT prices in different markets:
TMT (12 mm) prices in different markets |
|||
Market |
Price (basic) on Dec 19 |
Price (basic) on Dec 12 |
W-O-W |
Rourkela |
28000 |
27800 |
200 |
Bangalore |
32600 |
31000 |
1600 |
Durgapur |
NA |
26900 |
NA |
Jaipur |
22000 |
20200 |
2000 |
Chennai |
27500 |
27000 |
500 |
Market |
Prices as on 11.21.2015 |
Prices as on 11.28.2015 |
Prices as on 12.07.2015 |
Prices as on 12.12.2015 |
Prices as on 12.19.2015 |
Weekly change from 12.12.2015 |
Monthly Change from 11.21.2015 |
TMT |
|||||||
Mandi Govindgarh |
|||||||
12 mm |
|||||||
Kamdhenu |
|
33971 |
|
|
|
N/A |
N/A |
Jyoti |
|
|
|
|
|
N/A |
N/A |
Bharatmata |
35200 |
34700 |
34200 |
35100 |
35800 |
700 |
600 |
Fortune |
|
34801 |
|
|
|
N/A |
N/A |
Doaba |
|
33700 |
|
|
|
N/A |
N/A |
HP Rashtra |
|
|
|
|
|
N/A |
N/A |
Geo Gold |
|
|
|
|
|
N/A |
N/A |
Gyan |
|
34100 |
|
|
|
N/A |
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