On last day of the FY17 Indian rebar prices remained volatile across markets due to subdued trade activities.
In few places like East, North and Southern region, the demand is at its peak mode which in led to increase in prices.
Where as in rest parts of India like Central and Western region prices are stable even though demand is little bit slow compared to previous week.
The manufacturers presently are in wait and watch scenario and are expecting the price hike by the large scale manufacturers.
With the new fiscal year it is expected that Indian Steel Industry to bring some goodies to the Medium and Small manufacturers by increasing price & margins as well.
Notably, India’s Steel exports surged in Q4 of FY17 against the same preceding in FY16. Also, the Goverment’s eye to increase India’s steel consumption is another plus point for the Indian steel Industry for the new fiscal year.
12mm Domestic Rebar Prices as on 31st Mar’17
| Region | Particular/Delivery | Prices | D-o-D | W-o-W |
| North India | Ex-Delhi/NCR | 33,700 | 0 | 0 |
| Ex-Mandi Gobindgarh | 34,400 | – 100 | +400 | |
| East India | Ex-Durgapur | 31,600 | 0 | +300 |
| Central India | Ex-Indore | 34,200 | 0 | +200 |
| Ex-Raigarh | 32,200 | 0 | +500 | |
| Ex-Raipur | 32,200 | – 150 | +100 | |
| West India | Ex-Ahmedabad | 30,500 | – 100 | +100 |
| Ex-Goa | 33,550 | + 250 | +450 | |
| Ex-Jaipur | 32,200 | 0 | +200 | |
| Ex-Jalna | 31,800 | – 200 | -200 | |
| Ex-Mumbai | 32,200 | 0 | +200 | |
| South India | Ex-Bangalore | 35,800 | + 100 | +600 |
| Ex-Chennai | 33,200 | + 300 | +100 | |
| Ex-Hyderabad | 32800 | – 200 | -200 |
Prices are Ex-Works. ED,VAT/CST Extra
Source : SteelMint Research
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