TMT offers shed initial euphoria of the announcement of the minimum import price (MIP) by the government and moved in negative territory, tracking the overall low sales positions, industry sources said.
Sales and offtake of materials remained unimpressive, resulting in correction in the market rates, sources said.
Analysts believe price trends will be range-bound until there is real pick-up in demand.
Prices of TMT in various markets during the past one year (Rs/ton):
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Daily change |
15-Feb-16 |
13-Feb-16 |
8-Feb-16 |
19-Aug-15 |
15-Feb-15 |
|||
TMT 28 mm |
GOA |
26,000 |
26,600 |
25,300 |
- |
- |
Down |
TMT 28 mm |
HYDERABAD |
- |
24,500 |
24,500 |
- |
- |
NA |
TMT 28 mm |
JAIPUR |
26,700 |
27,000 |
26,600 |
- |
- |
Down |
TMT 28 mm |
JULLUNDHUR |
25,000 |
25,000 |
25,200 |
- |
- |
Same |
TMT 28 mm |
MUZAFFARNAGAR |
25,900 |
26,000 |
27,000 |
- |
- |
Down |
TMT 28 mm |
RAIGARH |
22,800 |
23,000 |
24,000 |
- |
- |
Down |
TMT 28 mm |
RAIPUR |
22,900 |
23,200 |
24,300 |
- |
- |
Down |
TMT 28 mm |
TURBO |
- |
- |
- |
- |
- |
NA |
TMT 20 mm |
MUMBAI |
26,950 |
26,950 |
27,350 |
- |
- |
Same |
TMT 20 mm |
MORIA |
31,300 |
31,500 |
31,500 |
- |
- |
Down |
TMT 20 mm |
SHIVANGI |
- |
- |
- |
- |
- |
NA |
TMT 20 mm |
AHMEDABAD |
- |
- |
- |
- |
- |
NA |
TMT 20 mm |
AKSHAT |
- |
- |
- |
- |
- |
NA |
TMT 16 mm |
DURGAPUR |
- |
28,400 |
29,000 |
- |
- |
NA |
TMT 12 mm |
CHENNAI |
29,000 |
29,000 |
29,000 |
33,700 |
- |
Same |
TMT 12 mm |
BANGALORE |
32,100 |
- |
32,600 |
35,300 |
- |
NA |
TMT 12 mm |
ROURKELLA |
- |
- |
- |
32,700 |
- |
NA |
TMT 12 mm |
DURGAPUR |
- |
- |
- |
- |
- |
NA |
TMT 12 mm |
JAIPUR |
- |
- |
- |
29,900 |
- |
NA |
TMT 12 mm |
RATHI |
30,600 |
- |
- |
- |
- |
NA |
TMT 12 mm |
BHARATMATA |
37,400 |
37,500 |
36,200 |
38,000 |
- |
Down |
TMT 12 mm |
DOABA |
36,600 |
36,700 |
35,800 |
- |
- |
Down |
TMT 12 mm |
GYAN |
36,700 |
36,800 |
36,000 |
37,750 |
- |
Down |
TMT 12 mm |
JYOTI |
36,734 |
36,934 |
35,734 |
- |
- |
Down |
TMT 12 mm |
KAMDHENU |
36,771 |
36,871 |
35,671 |
37,821 |
- |
Down |
TMT 12 mm |
FORTUN |
37,501 |
- |
36,601 |
38,401 |
- |
Down |
TMT 12 mm |
NAINA |
37,701 |
- |
36,801 |
- |
- |
Up |
Source: Traders
Prices of long products & structurals in various markets during the past one year (Rs/ton):
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Daily change |
15-Feb-16 |
13-Feb-16 |
8-Feb-16 |
19-Aug-15 |
15-Feb-15 |
|||
MELTING SCRAP |
MANDI GOBINDGARH |
21,000 |
21,100 |
21,100 |
- |
- |
Same |
CAST IRON |
MANDI GOVINDGARH - TOKA |
20,800 |
20,800 |
20,500 |
21,100 |
25,000 |
Same |
CAST IRON |
IMPORT |
21,350 |
21,350 |
21,000 |
21,800 |
25,400 |
Same |
CAST IRON |
LUDHIANA |
20,000 |
20,000 |
20,000 |
- |
- |
Same |
PATRA |
MANDI GOVINDGARH |
28,100 |
28,100 |
27,300 |
28,000 |
32,900 |
Same |
G PIPE |
MANDI GOVINDGARH |
29,700 |
29,500 |
28,300 |
- |
35,100 |
Up |
T. IRON |
MANDI GOVINDGARH |
31,800 |
32,100 |
31,100 |
32,100 |
35,800 |
Down |
ANGLE |
MANDI GOBINDGARH |
27,700 |
28,000 |
26,900 |
28,000 |
34,300 |
Down |
ROUND |
MANDI GOVINDGARH |
28,100 |
- |
27,500 |
28,600 |
32,800 |
NA |
GIRDER |
MANDI GOVINDGARH |
29,900 |
30,000 |
29,200 |
30,700 |
35,000 |
Down |
MILL PIPE |
MANDI GOVINDGARH |
27,400 |
27,400 |
26,000 |
29,700 |
- |
Same |
Source: Traders