Rebar prices in Hyderabad have fallen by INR 1,000/MT. While in Bangalore, it has slumped by INR 400/MT W-o-W because of poor demand and low buying sentiments.
In Southern region, construction activities have slowed down owing to ongoing festival season especially in Tamil Nadu, where festivities will continue till 15 Jan, 2015. Currently, Rebar prices in Chennai remain at the same level of INR 34,100/MT W-o-W.
In Hyderabad, Rebar prices have declined sharply by INR 1,000/MT to INR 32,100/MT owing to low demand from end-users. While, Ingot prices have soften by INR 600/MT to INR 29,200/MT.
Bangalore, which is a major Rebar consumer, is offering the material at INR 34,800/MT with a price correction of INR 500/MT. While, market participants are expecting further correction of INR 500/MT.
According to Bangalore based trader,” Hyderabad is a major supplier of Rebar because of better viability and offering the material at INR 40,000/MT after consideration of all taxes and freight (current freight from Hyderabad to Bangalore is INR 1,500/MT).”
On the other hand, prices in Western & Central India remain firm. SteelMint learnt that stockiest are buying the material as per their requirement. At present, Rebar in Mumbai is being traded in the range of INR 34,000-34,400/MT and in Raipur at INR 31,400-31,800/MT.
Week Price Change of Ingot & Rebar (12 mm)
| Region | City | Ingot Price | W-o-W | Rebar Price | W-o-W |
| Central | Raipur | 27,550 | + 150 | 31,600 | + 100 |
| Eastern | Durgapur | 28,000 | – 650 | 31,200 | – 500 |
| Western | Goa | 29,500 | – 100 | 35,600 | 0 |
| Mumbai | 30,800 | + 200 | 34,200 | – 300 | |
| Northern | Muzaffarnagar | 30,500 | – 500 | 33,300 | + 300 |
| Mandi Gobindgarh | 31,800 | – 250 | 36,300 | – 400 | |
| Southern | Bangalore | 28,880 | – 450 | 34,800 | – 400 |
| Hyderabad | 29,000 | – 600 | 31,800 | -1,000 | |
| Chennai | 29,400 | – 150 | 34,100 | – 100 |
Basic prices in INR/MT as on 31 Dec’14; Excise & VAT extra
New Gauge Difference in Gujarat still not applied
Gujarat Rolling Mill Association on Monday announced the new gauge difference, which is still not been applied. Few Rebar manufacturers have not agreed with the decision and opposing the final judgment, which is to be taken in a day or two.
| Proposed Gauge Difference | Old Gauge Difference |
| Basic = 20mm | Basic = 20mm |
| 8mm =Basic + 3,000 | 8mm =Basic + 2,200 |
| 10mm = Basic + 1,500 | 10, 32mm = Basic + 1,000 |
| 12, 16, 25mm = Basic + 400 | 12, 16, 25mm = Basic + 400 |
| 28, 32mm = Basic +1,500 |
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