TMT rebar offers firmed up by Rs 2000 per ton on sustained buying last week on low demand from end-users, industry sources said.
Prices rose by Rs 2000 per ton in Rourkela, Rs 2000 per ton in Bangalore and Rs 2000 per ton in Chennai.
Prices of TMT brands like Kamdhenu rose Rs 1,300 per ton to Rs 36,771 per ton, Bharatmata rose by Rs 1000 per ton to Rs 37,100 per ton and Gyan rose by Rs 1,200 per ton to Rs 36,800 per ton.
RINL is offering rebar 8 mm at Rs 35,350 per ton ED included (ex-Vizag) in December.
Sources said demand picked up during as we enter the last quarter of fiscal 2015-16, sources said.
Following are TMT prices in different markets:
TMT (12 mm) prices in different markets |
|||
Market |
Price (basic) on Jan 2 |
Price (basic) on Dec 29 |
W-O-W |
Rourkela |
30000 |
28000 |
2000 |
Bangalore |
34100 |
32100 |
2000 |
Durgapur |
NA |
NA |
NA |
Jaipur |
23000 |
23000 |
0 |
Chennai |
29200 |
27200 |
2000 |
Market |
Prices as on 12.07.2015 |
Prices as on 12.12.2015 |
Prices as on 12.19.2015 |
Prices as on 12.26.2015 |
Prices as on 01.02.2016 |
Weekly change from 12.26.2015 |
Monthly Change from 12.07.2015 |
TMT |
|||||||
Mandi Govindgarh |
|||||||
12 mm |
|||||||
Kamdhenu |
|
|
|
35471 |
36771 |
1300 |
N/A |
Jyoti |
|
|
|
35534 |
|
N/A |
N/A |
Bharatmata |
34200 |
35100 |
35800 |
36100 |
37100 |
1000 |
2900 |
Fortune |
|
|
|
|
|
N/A |
N/A |
Doaba |
|
|
|
|
36400 |
N/A |
N/A |
HP Rashtra |
|
|
|
|
|
N/A |
N/A |
Geo Gold |
|
|
|
|
|
N/A |
N/A |
Gyan |
|
|
|
35600 |
36800 |
1200 |
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