Billet offers in domestic market registered price movement of INR 100-500/MT on d-o-d & W-o-W premises. Subdued demand amid falling production has made billet prices volatile.
Current offers are evaluated at INR 22,200-22,300/MT ex-Raipur, INR 22,400-22,600/TM in Durgapur, INR 21,500-21,600/MT ex-Rourkela, INR 23,900-24,000/MT in Mumbai, INR 23,500/MT ex-Hyderabd & INR 23,100-23,200/MT ex-Chennai.
Trade Updates
Raipur based manufacturers reported demand is mostly from North-East regions and none from South India. The manufacturers are trading billet to Punjab & UP (North-East) at the prices of INR 22,200-22,300/MT ex-plant; freight charges via road are at INR 2,500/MT.
Similar comments is being received from Rourkela & Durgapur where the manufacturers are dealing billet at INR 21,500/MT & 22,500/MT ex-plant, respectively; freight charges are higher from Rourkela to Gobindgarh at INR 3,000/MT & while from Durgapur it is charged at INR 2,500/MT.
Hyderabad & Mumbai based manufacturers reported improvement in sales, today. As a result billet prices on d-o-d have increased in Mumbai by INR 100-200/MT & in Hyderabad by INR 500/MT.
Billet prices as on 12 Dec’16
| Particular/Delivery | Size, Grade, Origin | Taxes | Prices | D-o-D | W-o-W |
| Ex-Mandi Gobindgarh | 125×125 mm, IS 2831 | ED 12.5%, VAT/CST Extra | 26,000 | – 150 | + 100 |
| Ex-Durgapur | 125×125 mm, IS 2831 | ED 12.5%, VAT/CST Extra | 22,500 | + 50 | + 300 |
| Ex-Rourkela | 125×125 mm, IS 2831 | ED 12.5%, VAT/CST Extra | 21,550 | 0 | + 250 |
| Ex-Raipur | 125×125 mm, IS 2831 | ED 12.5%, VAT/CST Extra | 22,250 | – 50 | – 50 |
| Ex-Ahmedabad | 125×125 mm, IS 2831 | ED 12.5%, VAT/CST Extra | 24,100 | – 100 | + 300 |
| Ex-Mumbai | 125×125 mm, IS 2831 | ED 12.5%, VAT/CST Extra | 24,000 | + 200 | + 100 |
| Ex-Chennai | 125×125 mm, IS 2831 | ED 12.5%, VAT/CST Extra | 23,150 | 0 | – 400 |
| Ex-Hyderabad | 125×125 mm, IS 2831 | ED 12.5%, VAT/CST Extra | 23,500 | + 500 | 0 |
Basic prices in INR/MT
Source: SteelMint Research
Leave a Reply