SAIL has kept long products prices unchanged for the month
of July. Earlier in June it had rolled over the price hike that was seen in the
month of May.
MRP for 12 MM at Bhilai Steel Plant has been kept at Rs
52,100 (Incl VAT) i.e. unchanged from June. Similarly, 8 MM was quoted at Rs
53,700/MT 100 (Incl VAT).
Speaking about the market in June, a top official from SAIL
said, “Market in June was ok. It was not too bad. Overall Sales were 95% of the
target. The price difference between the primary players & secondary
players is somewhere around Rs 6000/MT- which is not sustainable. But since
stocks were low so prices have sustained. Enquiries were low in June. Project
demand has also tapered”.
When asked about the market outlook for July, he added, “July doesn't look much promising. Lowering down of prices might be seen but demand
may not kick start even if prices fall as market is not entirely ruled by
demand. Factors like liquidity crunch also effects buying. Moreover, project
demand is also weak”.
“The overall economic
indicators are also not very positive. So, all these factor may not make July a
very attractive month to look for.”
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