There is no improvement in Billet demand as finished market
is saddening. Prices show a marginal correction today.
Raipur: “Billet today is offered unchanged at Rs 33,300/MT (Basic price, payment
next day) as local demand is weak and finished demand from other states id poor. Prices are expected to correct further,” said a trader.
Bhilai: “Demand is weak as the conversion costing of Sponge Iron to Billet has increased and also dull sales in finished products. Billet trades at 33,400/MT today,” said a manufacturer.
Raigarh:
Prices are quoted at Rs 33,000/MT (Basic price, payment next day) from previous trade.
Rourkela:
Billet trades at Rs 32,200/MT (Basic price, payment next
day) on poor sales in finished poducts.
Kolkata
& Durgapur: “Demand is stable, prices fall marginally again by Rs 100/MT at
Rs 38,700/MT (Including all, payment next day) and Rs 38,400/MT (Including all,
payment next day) respectively,” a manufacturer in Durgapur reported.
Hyderabad:
Billet is trading at Rs 34,700/MT from last quoted prices at Rs 34,750/MT (Basic
price, payment next day).
Mumbai:
Manufacturers keep offers at same prices i.e. Rs 34,700/MT (Basic price,
payment next day).
Jalna:
A marginal correction is seen at Rs 34,100-200/MT (Basic price, payment next
day).
Goa: “Billet is unchanged at Rs 33,900/MT (Basic price, payment next day) and trading volumes are low due to poor demand in finished product”, said a Billet trader in Goa.
Ahmedabad:
Sources report markets to be in the levels at Rs 35,500/MT (Including all,
payment next day).
Kandla
& Bhavnagar: “Market demand is stable. The poor demand of finished products
has kept a negative impact on Billet which trades at Rs
35,100-200/MT (Basic price, payment next day) and Rs 35,200-300/MT (Basic
price, payment next day) respectively,”, a Billet trader remarked.
According
to market players: Demand is expected to pick up when finished market improves and labour issues resolve.
Leave a Reply