SAIL Inventory reached at its minimum level in Ludhiana yard, SteelMint learned from traders across the city. Mainly ready stock of Tata material is available for sale confirmed a well known trader and MOU holder based in Ludhiana. Low inventory, increasing export and low viability of import may raise the prices of HRC in the range of Rs 1,000-1,200/MT (USD 14-17) in the September'13 month.
Similarly, prices of HRC 2 MM in Delhi Rs 42,000/MT USD 628 (inclusive of ED, taxes extra) is high by Rs 500/MT in the distributor level compared to the prices of last week and Size 5-8 MM is hovering at Rs 41,000/MT, USD 613 (inclusive of ED, taxes extra).
On the other side prices of Imported HRC reaching to country are standing at the same level with no buyer showing interest. Price of HRC reaching from Japan is at USD 580/MT (equivalent to INR 38,740) and material reaching from China is at USD 550/MT (equivalent to INR 36,740)
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