Rebar trades since the start of the week remained mediocre where in manufacturers in South & Central India hold their offers firm while in Western – Maharashtra & Gujarat based re rollers increased their offers sharply by INR 400-600/MT (USD 6-10) in last couple of days.
Further adding to this, the viability of the rebar supplies has increased among different states in India.
As per the SteelMint sources, Gujarat based Re-rollers are heard supplying rebars to North India (Punjab) based stockiest and end users. The freight charges from Ahmadabad to Gobindgarh are around INR 2,500-3,000/MT.
Hyderabad based manufacturers are also supplying material to Maharashtra around INR 28,000-28,200/MT Ex-plant with the freight of approximately INR 1,500/MT.
Shortage of semis in Maharashtra and Gujarat triggered the prices to move up wards even though the industry participants remained sluggish. In Maharashtra and Gujarat the rebar offers moved up by around INR 400-600/MT is last couple of days.
As per one of the manufacturer based in Western Region, Gujarat “the demand of finish long is good in line with the inquiries of billet export has helped the prices to move upwards”
12mm Domestic Rebar Reference Prices as on 20 July 2017
| Region | Cities | Taxes | Prices | D-o-D |
| North India | Ex-Delhi/NCR | Basic Prices, GST @ 18% Extra | 32,800 | 0 |
| Ex-Mandi Gobindgarh | Basic Prices, GST @ 18% Extra | 33,000 | 0 | |
| East India | Ex-Durgapur | Basic Prices, GST @ 18% Extra | 28,800 | – 100 |
| Central India | Ex-Raigarh | Basic Prices, GST @ 18% Extra | 28,300 | 0 |
| Ex-Raipur | Basic Prices, GST @ 18% Extra | 28,800 | – 200 | |
| West India | Ex-Ahmedabad | Basic Prices, GST @ 18% Extra | 29,400 | + 400 |
| Ex-Goa | Basic Prices, GST @ 18% Extra | 30,400 | + 200 | |
| Ex-Jalna | Basic Prices, GST @ 18% Extra | 29,000 | + 100 | |
| Ex-Mumbai | Basic Prices, GST @ 18% Extra | 30,400 | + 300 | |
| South India | Ex-Bangalore | Basic Prices, GST @ 18% Extra | 32,400 | 0 |
| Ex-Chennai | Basic Prices, GST @ 18% Extra | 31,000 | 0 | |
| Ex-Hyderabad | Basic Prices, GST @ 18% Extra | 30,100 | + 100 |
Source: SteelMint Research
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