Re-bar trading volume remains quiet across India

Re-bar trading volume remains quiet all across India despite festive season comes to an end. Whereas, Semi Finish product prices are fluctuating in the range of INR 100-200/MT in some places of India.

Market participants anticipated steel price hike post Diwali but no signs of improvement are seen yet.

It is expected that market situation might get clarity by next week.

Re-bar prices are quite stable in most of the cities.

In Southern and Central regions of India, Re-bar prices are quoted at the same level. At Hyderabad and Raipur 12 mm is quoted at around INR 31,800-32,000/MT and at INR 30,800-31,000/MT respectively.

Whereas in Mumbai, Shree Vaishnav Industries Pvt Ltd, with a Re-bar production capacity of approx 18,000MT per month, has made an increment in its price by INR 400/MT from last trade as semi finished prices increased by INR 200/MT. 12 mm is quoted at INR 33,900/MT.

Region

Particular

Price (Basic)

Price^#(All Tax)

Change

W-O-W

M-O-M

Indian 12 mm TMT prices (in INR/MT) as on date 07-Nov-2013
North India	Ghaziabad	33,400	39,400	+ 400	+ 500	– 900
	Mandi Gobindgarh	35,600	42,000	+ 200	NA	– 500
	Delhi/NCR	33,600	39,600	+ 400	+ 500	– 900
	Muzaffarnagar	33,000	38,900	+ 400	+ 500	– 800
East India	Rourkela	30,500	36,000	0	+ 200	– 1,100
East India	Durgapur	31,000	36,300	0	+ 300	– 200
Central India	Raipur*	30,800	35,600	– 100	– 100	– 1,200
Central India	Raigarh	30,100	35,500	0	+ 100	– 2,200
West India	Jalna	33,800	39,900	0	+ 400	– 600
	Mumbai	33,600	39,600	+ 450	+ 800	– 900
	Goa	34,800	41,100	0	0	– 600
	Jaipur	32,900	38,800	0	+ 50	NA
South India	Chennai	33,600	39,600	0	– 200	– 200
	Hyderabad	31,900	37,600	– 100	+ 100	– 1,100
	Bangalore	34,200	40,300	0	+ 200	+ 200

Grade-415/500 Fe
Excise Duty @ 12.36%; VAT as applicable.
*Payment next day
# Prices including all taxes

Re-bar trading volume remains quiet across India

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