Buying interest in Re-bars is quite stable but manufacturers don’t see any major downfall further in prices.
Market participants’ views are positive for finish market as Iron ore and Ingot/Billet prices improved in this week.
Yesterday, Ingot prices in Mandi Gobindgarh went down by INR 100-200/MT in morning trade followed by other cities who also cut offers by INR 100-200/MT for Ingot as well as Re-bars. But, as few of the miners in Odisha hiked up offers for Iron ore by INR 200/MT; rates went up by INR 200-300/MT by the evening.
According to a Re-bar manufacturer in Rourkela, “There is a labor shortage in Rourkela as labors have gone for harvest. Re-bar prices may improve only towards the end of next week as harvesting season should end. At present, 12 mm Re-bar offers in Rourkela are in the range of INR 30,900-31,400/MT.”
A Re-bar trader based in Jaipur, Rajasthan said, “According to the Ingot price fluctuation, we reduced Re-bar prices yesterday. Today, Ingot prices moved up by INR 300/MT but since the demand is not strong enough, that we can improve our offers. We are offering 12 mm Re-bar at the same level at INR 34,000/MT.”
Note: Prices are Basic.
Indian 12mm TMT prices (in INR/MT) as on date 06-Dec-2013
|
Region |
Particular |
Price (Basic) |
Price#(All Tax) |
Change |
W-O-W |
M-O-M |
|
North India |
Ghaziabad |
33,600 |
39,600 |
0 |
– 600 |
+ 600 |
|
|
Mandi Gobindgarh |
36,100 |
42,600 |
0 |
– 400 |
+ 700 |
||
|
Delhi/NCR |
33,800 |
39,900 |
0 |
– 600 |
+ 600 |
||
|
Muzaffarnagar |
33,200 |
39,200 |
0 |
– 600 |
+ 600 |
||
|
East India |
Rourkela |
30,900 |
36,500 |
0 |
– 500 |
+ 400 |
|
|
Durgapur |
31,500 |
37,200 |
+ 200 |
– 700 |
+ 500 |
||
|
Patna |
35,200 |
41,500 |
0 |
NA |
NA |
||
|
Giridih |
32,600 |
38,500 |
0 |
NA |
NA |
||
|
Central India |
Raipur* |
31,300 |
36,200 |
+ 200 |
– 400 |
+ 400 |
|
|
Indore |
36,300 |
42,800 |
0 |
– 400 |
NA |
||
|
Raigarh |
30,700 |
36,200 |
0 |
– 700 |
+ 600 |
||
|
West India |
Jalna |
34,600 |
40,800 |
0 |
– 200 |
+ 800 |
|
|
Mumbai |
34,800 |
41,100 |
+ 200 |
0 |
+ 1,650 |
||
|
Latur |
35,100 |
41,400 |
0 |
NA |
NA |
||
|
Ahmedabad |
33,400 |
39,400 |
0 |
– 200 |
+ 100 |
||
|
Goa |
35,900 |
42,400 |
0 |
0 |
+ 1,100 |
||
|
Jaipur |
34,000 |
40,100 |
0 |
– 700 |
+ 1,100 |
||
|
South India |
Chennai |
34,000 |
40,100 |
0 |
0 |
+ 400 |
|
|
Hyderabad |
33,250 |
39,200 |
0 |
– 650 |
+ 1,250 |
||
|
Bangalore |
35,700 |
42,100 |
0 |
+ 300 |
+ 1,500 |
Daily Assessment
Grade-415/500 Fe
Excise Duty @ 12.36%; VAT as applicable.
*Payment next day
# Prices including all taxes
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