Indian Billet Offers Remain Volatile

The offers for billet are volatile since couple of days as there are bearish sentiments in the market. The offers are volatile by INR 200-500/MT and evaluated at INR 25,900-28,800/MT (USD 390-430) ex-works.

The Industry participants mentioned, currently there is no buying and selling interest in the market as it is the closing of financial year in the weekend.

Although, few have mentioned the buyers are cautious as there is no clarification about industry outlook.

Further the manufacturers in Central & East India shared, despite gradual fall in inquiries, offers are currently sustained with an anticipation of strong demand from the beginning of Apr’17.

MS Billet prices as on 28 Mar’17

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	30,300	0	+ 400
Ex-Durgapur	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	26,100	0	+ 100
Ex-Jharsugda	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	25,900	– 50	+ 300
Ex-Kolkata	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	26,500	0	+ 100
Ex-Rourkela	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	25,900	– 50	+ 300
Ex-Bhilai	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	27,300	0	+ 300
Ex-Raigarh*	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	26,500	0	+ 300
Ex-Raipur*	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	27,300	0	+ 300
Ex-Ahmedabad	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	28,300	0	– 200
Ex-Bhavnagar	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	28,100	0	– 200
Ex-Goa	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	27,800	0	+ 300
Ex-Jaipur	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	28,050	+ 50	+ 50
Ex-Jalna	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	28,000	0	+ 500
Ex-Mumbai*	100×100 mm, IS 2831	ED 12.5%, VAT/CST Extra	28,500	0	+ 300
Ex-Hyderabad	125×125 mm, IS 2831	ED 12.5%, VAT/CST Extra	28,750	0	+ 250

Basic ex-works prices in INR/MT
Source: SteelMint Research

Indian Billet Offers Remain Volatile

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