India Steel Market Watch
November 18: Exports of steel products, including stainless steel, through the port of Vizag dropped a sharp 62.02% to 38,411 tons in October 2015 from a volume of 101,160 tons in September 2015, as per provisional information available with ISMW.
Exports of the material in October 2015, however, stood higher at 115,320 tons.
With the October figures, total steel exports through the port in the first seven months of the current fiscal of 2015-16 stood at 422,386 tons against 676,751 tons reported in the same period of the previous fiscal, showing a 37.58% year-on-year drop.
In financial year 2014-15, total steel exports through the port stood at 1,057,279 tons.
The following table provides monthly details of steel exports via Vizag Port in 2015-16 and 2014-15:
STEEL EXPORT, VIZAG |
|||
Port |
Month |
QTY |
|
2015-16 |
2014-15 |
||
VIZAG |
APR |
69,311 |
78,503 |
MAY |
98,888 |
101,071 |
|
JUN |
25,579 |
62,061 |
|
JUL |
43,963 |
99,568 |
|
AUG |
45,074 |
84,420 |
|
SEP |
101,160 |
135,808 |
|
OCT |
38,411 |
115,320 |
|
NOV |
75,614 |
||
DEC |
123,379 |
||
JAN |
58,153 |
||
FEB |
43,016 |
||
MAR |
80,365 |
||
VIZAG APRIL TO OCTOBER TOTAL |
422,386 |
676,751 |
|
VIZAG APRIL TO MARCH TOTAL |
1,057,279 |
Following table gives break-up of country-wise exports of steel via Vizag in October 2015:
STEEL EXPORT, VIZAG |
||||
Product |
Destination Country |
Avg. Unit Price (in Rs./Ton) |
Price Range |
Quantity (in Tons) |
CR PRODUCTS |
CAMEROON |
45,241 |
43,617 - 46,872 |
625 |
IVORY COAST |
47,198 |
47,198 - 47,198 |
531 |
|
SRI LANKA |
32,806 |
30,221 - 34,650 |
1,169 |
|
CR PRODUCTS Total |
2,325 |
|||
HR PRODUCTS |
MALAYSIA |
49,953 |
49,953 - 49,953 |
101 |
SAUDI ARABIA |
37,498 |
35,219 - 38,800 |
647 |
|
UNITED ARAB EMIRATES |
7,738 |
7,738 - 7,738 |
6 |
|
HR PRODUCTS Total |
754 |
|||
LONG PRODUCTS |
AUSTRALIA |
47,277 |
47,277 - 47,277 |
78 |
BANGLADESH |
29,550 |
18,711 - 53,316 |
20,099 |
|
MYANMAR |
37,161 |
37,161 - 37,161 |
103 |
|
OMAN |
53,854 |
53,854 - 53,854 |
48 |
|
ROMANIA |
41,602 |
41,602 - 41,602 |
218 |
|
SAUDI ARABIA |
35,219 |
35,219 - 35,219 |
72 |
|
SRI LANKA |
37,110 |
37,110 - 37,110 |
261 |
|
UNITED ARAB EMIRATES |
51,456 |
49,053 - 53,341 |
739 |
|
LONG PRODUCTS Total |
21,618 |
|||
PLATES & SLABS |
SAUDI ARABIA |
42,522 |
38,458 - 48,181 |
2,152 |
PLATES & SLABS Total |
2,152 |
|||
STAINLESS STEEL PRODUCTS |
BELGIUM |
148,954 |
118,254 - 210,417 |
2,768 |
BULGARIA |
148,624 |
143,438 - 151,268 |
43 |
|
CANADA |
147,039 |
145,818 - 150,700 |
24 |
|
FRANCE |
140,459 |
75,240 - 194,211 |
237 |
|
GERMANY |
147,029 |
142,077 - 155,052 |
47 |
|
INDONESIA |
91,721 |
61,183 - 154,273 |
3,359 |
|
NETHERLANDS |
158,343 |
158,343 - 158,343 |
29 |
|
POLAND |
144,714 |
123,036 - 221,438 |
917 |
|
RUSSIA |
139,483 |
138,249 - 144,421 |
48 |
|
SOUTH KOREA |
129,926 |
89,282 - 173,550 |
678 |
|
SPAIN |
150,760 |
140,906 - 208,445 |
241 |
|
TAIWAN |
131,045 |
131,045 - 131,045 |
23 |
|
TURKEY |
127,276 |
114,902 - 240,272 |
495 |
|
UNITED KINGDOM |
143,503 |
123,963 - 184,337 |
95 |
|
UNITED STATES |
133,870 |
100,225 - 186,389 |
309 |
|
VIETNAM |
175,879 |
73,918 - 268,230 |
369 |
|
STAINLESS STEEL PRODUCTS Total |
9,683 |
|||
VALUE ADDED PRODUCTS |
GHANA |
43,494 |
43,494 - 43,494 |
649 |
MADAGASCAR |
43,586 |
40,185 - 46,368 |
238 |
|
MAURITANIA |
44,982 |
41,504 - 48,565 |
394 |
|
UNITED ARAB EMIRATES |
39,424 |
38,548 - 39,841 |
599 |
|
VALUE ADDED PRODUCTS Total |
1,881 |
|||
Grand Total |
38,411 |
In October, exports included 2,325 tons of CR products, 21,618 tons of long products, 9,683 tons of stainless steel products amongst other items. All were sent to several countries in differing price bands.
September exports included 5,937 tons of plates and slabs, 78,243 tons of long products, 10,981 tons of stainless steel products amongst other items. All were sent to several countries in differing price bands.
Further, of the total volumes in October, 20,099 tons of long products went to Bangladesh, 1,430 tons (261 tons of long products and 1,169 tons of CR products) went to Sri Lanka and 3,359 tons of stainless steel products to Indonesia, amongst others.