India Steel Market Watch
November 24: TMT rebar offers maintained the easing trend as demand from end-users did not pick up, much to the discomfort of the steel mills, faced with high inventory levels, industry sources told ISMW.
Prices were down by Rs 600 per ton in Bangalore, according to data available with ISMW. TMT offers eased by Rs 400 per ton in Jaipur and Rs 500 per ton in Chennai. However, prices remained firm in Rourkela.
Prices of TMT brands like Bharatmata fell by Rs 400 per ton.
High inventory at retailers’ end kept stockists away from market, sources said.
Delay in payment is also impacting sales, sources added.
Following are TMT prices in different markets:
TMT (12 mm) prices in different markets |
|||
Market |
Price (basic) on Nov 21 |
Price (basic) on Nov 14 |
W-O-W |
Rourkela |
28000 |
27700 |
300 |
Bangalore |
29800 |
30400 |
-600 |
Durgapur |
NA |
NA |
NA |
Jaipur |
24400 |
24800 |
-400 |
Chennai |
28000 |
28500 |
-500 |
Market |
Prices as on 10.23.2015 |
Prices as on 10.31.2015 |
Prices as on 11.07.2015 |
Prices as on 11.14.2015 |
Prices as on 11.21.2015 |
Weekly change from 11.14.2015 |
Monthly Change from 10.23.2015 |
TMT |
|||||||
Mandi Govindgarh |
|||||||
12 mm |
|||||||
Kamdhenu |
|
|
|
|
|
N/A |
N/A |
Jyoti |
|
|
|
|
|
N/A |
N/A |
Bharatmata |
37000 |
36000 |
|
35600 |
35200 |
-400 |
-1800 |
Fortune |
|
|
|
|
|
N/A |
N/A |
Doaba |
|
|
|
|
|
N/A |
N/A |
HP Rashtra |
|
|
|
|
|
N/A |
N/A |
Geo Gold |
|
|
|
|
|
N/A |
N/A |
Gyan |
36650 |
35500 |
36850 |
35400 |
|
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