SAIL is offering a rebate of INR 1,500-2,000/MT on all flat steel products for Feb’17 deliveries according to traders and stockiest who have received offers from SAIL .
Trade sources mentioned that current offers for HRC is assessed at around INR 42,000-42,500/MT and CRC offers are at around INR 45,000-46,000/MT (Ex-Hyderabad and Ex-Delhi).
Other manufacturers are still offering flat products at previous levels, however weak demand and increased production may lead to price correction in coming weeks.
SAIL Production Performance Highlights in FY17:
|
Particulars |
Q1 FY17 | Q2 FY17 |
Q3 FY17 |
| Saleable Steel Production | 3.4 | 3.5 | 3.3 |
| Saleable Steel Sales | 2.8 | 3.6 | 3.3 |
Fig in MnT
Source: Company Reports
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