- Indian Billet prices have corrected by upto INR 900/MT W-o-W owing to lower sales of finished steel
- Imported Scrap offers have fallen by around USD 5-15/MT W-o-W, giving some relief to Indian Billet manufacturers based in West & South India
- RINL has re-scheduled Billet/Bloom export tender amid cyclone, which hits the Indian coastal areas on 12 Oct, 2014
- Slabs from UAE were imported at Magdalla port (Gujarat) at around USD 505/MTCIF
- Indian Billet export prices assessed at USD 485-490/MT FOB Chennai port to Bangladesh
- Raipur based manufacturers are offering Billet at INR 29,100-29,200/MT ex-works
- Billet manufacturers based in Kutch offers MS Billet at INR 29,700/MT ex-works
- Prakash Industries based in Raipur offers Billet at INR 29,200/MT delivered to Raipur
- Billet prices unlikely to move up this week owing to slow demand and depressed sentiments in the global market
Freight Charges by Road from Central, East, West to North India
|
From |
To |
Freight/MT |
|
Raipur (Chhattisgarh) |
Mandi Gobindgarh |
2,500-2,700 |
|
Rourkela (Odisha) |
3,200-3,400 |
|
|
Durgapur (West Bengal) |
1,800-2,000 |
|
|
Kutch (Gujarat) |
2,300-2,500 |
MS Billet Trade Prices as on 05 Nov, 2014
|
Region |
Market |
Prices |
W-o-W |
|
North India |
Mandi Gobindgarh |
32,600 |
– 100 |
|
East India |
Rourkela |
28,500 |
– 100 |
|
Durgapur# |
29,700 |
0 |
|
|
Kolkata# |
30,000 |
0 |
|
|
Jharsugda |
28,500 |
– 100 |
|
|
Central India |
Raipur |
29,150 |
– 150 |
|
Raigarh |
28,950 |
+ 50 |
|
|
Bhilai |
29,250 |
– 50 |
|
|
West India |
Mumbai |
30,600 |
+ 200 |
|
Jalna |
30,100 |
0 |
|
|
Goa |
29,700 |
– 900 |
|
|
South India |
Hyderabad |
30,000 |
– 400 |
|
Chennai |
30,250 |
– 450 |
Basic prices
#delivered and rest are ex-works basis
Payment next day
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