Billet prices on 9th Jan’17 are up by INR 100-300/MT in Central & East India following the price surge in North region by INR 400/MT. While, a downtrend is being reported in South by INR 1,000/MT.
In present circumstances, the market participants are unwilling to say for market directions as in current price levels trades are subdued and sellers are not willing to sell below it looking at bottomed out trade.
Trade Updates
Central India: Raipur based manufacturers are mostly trading material in the local market. Also, the manufacturers are completing dispatches to Hyderabad & Mandi Gobindgarh for which deals were settled in mid of Dec’16 in the range of INR 22,000-22,500/MT (ex-plant).
East India: Durgapur based renowned manufacturers are packed with export as well from outstation bookings. A trade source added, currently billet supply is not much healthy in the open market as the Integrated plants are producing material for own consumption.
South India: Hyderabad based manufacturers have cut prices by INR 1,000/MT, D-o-D. However, in Chennai Shakti Ferro known as bulk producer for semis & long products has kept offers unaltered for billet at INR 25,000/MT ex-plant. An official from the company added weak demand in both semis & long products and prices may remain under pressure.
West India: In Maharashtra, the last week prices for billet have fallen greatly due to strong supply on increase production. However, compared to last day trades, offers are unaltered today. In Gujarat, the manufacturers have slightly increase prices on improved trade activities.
MS Billet prices as on 09 Jan’17
| Region | Particular/Delivery | Size, Grade, Origin | Prices | D-o-D | W-o-W | M-o-M |
| North India | Ex-Mandi Gobindgarh | 125×125 mm, IS 2831 | 28,000 | + 400 | – 900 | + 2,000 |
| East India | Ex-Durgapur | 125×125 mm, IS 2831 | 25,000 | + 100 | – 100 | + 2,600 |
| Ex-Kolkata | 125×125 mm, IS 2831 | 25,400 | + 100 | – 100 | + 2,600 | |
| Ex-Rourkela | 125×125 mm, IS 2831 | 23,800 | 0 | – 400 | + 2,200 | |
| Central India | Ex-Raigarh | 125×125 mm, IS 2831 | 24,250 | + 50 | – 650 | + 2,450 |
| Ex-Raipur | 125×125 mm, IS 2831 | 24,600 | + 200 | – 750 | + 2,400 | |
| West India | Ex-Ahmedabad | 125×125 mm, IS 2831 | 27,100 | + 100 | – 400 | + 3,000 |
| Ex-Goa | 125×125 mm, IS 2831 | 25,750 | 0 | + 750 | + 3,450 | |
| Ex-Jalna | 125×125 mm, IS 2831 | 26,000 | 0 | – 400 | + 2,500 | |
| Ex-Mumbai | 100×100 mm, IS 2831 | 26,500 | 0 | – 750 | + 2,550 | |
| South India | Ex-Chennai | 125×125 mm, IS 2831 | 25,300 | 0 | 0 | + 2,200 |
| Ex-Hyderabad | 125×125 mm, IS 2831 | 25,000 | – 1,000 | – 2,000 | + 1,400 |
Basic prices in INR/MT
Source: SteelMint
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