Indian Billet prices increased sharply on low inventory levels, however sustainability remains a question
Billet prices move sharply in North and West India, owing to low availability of imported Scrap. Current offers are at INR 30,000/MT (Ex- Mumbai) and INR 30,600 /MT (Ex- Mandi Gobindgarh).
“Sudden fall in imported Scrap offers has kept sellers & buyers away from the market. This in turn has hit the production along with low finished inventory with stockiest and manufacturers,” said a leading TMT manufacturer in Mumbai.
Another manufacturer mentions, prices have gone up rapidly, sustainability is a question. Steel mills have started booking Scrap at these levels for which delivery will be made in March.
Similar situation is observed in eastern market , where prices have gone up by INR 400-600 W-o-W basis. Current offers for commercial grade Billet are at INR 26,000/MT to INR 30,000/MT.
Indian Billet Prices as on 18 Feb, 2015
| Region | Particular | Price | Change | W-o-W | M-o-M |
| North India | Mandi Gobindgarh | 30,600 | + 400 | + 650 | – 1,200 |
| East India | Rourkela* | 25,900 | 0 | 0 | – 1,450 |
| Durgapur* | 27,000 | + 200 | 0 | – 1,050 | |
| Kolkata* | 27,300 | + 200 | 0 | – 1,050 | |
| Jharsugda* | 25,900 | 0 | 0 | – 1,400 | |
| Central India | Raipur* | 27,250 | + 600 | + 1,000 | – 950 |
| Raigarh* | 26,400 | 0 | + 200 | – 1,600 | |
| Bhilai* | 27,300 | + 750 | + 1,000 | – 900 | |
| West India | Mumbai* | 30,000 | + 300 | + 1,200 | – 200 |
| Jalna* | 29,400 | + 900 | + 1,400 | – 500 | |
| Goa | 27,400 | 0 | – 300 | – 1,500 | |
| Jaipur | 29,400 | + 200 | + 450 | – 650 | |
| Ahmedabad | 29,000 | + 600 | + 900 | – 1,700 | |
| Kandla/Ahmedabad* | 29,000 | + 600 | + 900 | – 1,700 | |
| South India | Hyderabad | 28,500 | 0 | + 1,000 | – 1,000 |
| Chennai | 28,500 | 0 | – 350 | – 2,100 |
Basic prices in INR/MT
ED @12.36, VAT/CST applicable
*Payment next day
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