Secondary rebar manufacturers based in Hyderabad have increased gauge parity for 10-25 mm by INR 200/MT and 8 and 32 mm by INR 300/MT w.e.f 31 Dec’15. Prior to this, gauge parity was revised on 18 Apr’14.
Hyderabad based steel rolling mill association in a meeting held yesterday has increased rebar gauge parity for 10-25 mm size by INR 200/MT and for 8 and 32 mm by INR 300/MT. The new parity is effective from 31 Dec’15 (today).
Steel Mint also spoke to officials of Vinayak Steel and Binju Metals rebar manufacturers based in Hyderabad stated that, There are about 15-17 rebar manufacturers in Hyderabad (Telangana), who have increased gauge parity by INR 200/MT for 10-25 mm and INR 300/MT for 8 and 32 mm w.e.f 31 Dec’15.
Rebar offers in Hyderabad by secondary players have also increased by INR 500-700/MT in a week’s time. Presently, 12 mm rebar prices in the state are in the range of INR 27,100-27,300/MT (excise duty and other taxes extra).
Historical record of rebar gauge parity in Hyderabad
|
Old Gauge Parity w.e.f 8 Feb’14 |
Old Gauge Parity w.e.f 18 Apr’14 |
New Gauge Parity w.e.f 31 Dec’15 |
| Base price = 20 mm | Base price =28 mm | Basic price =28 mm |
| 8,28,32 mm = Basic+2,500 | 8,32 mm = Basic+2,500 | 8,32 mm = Basic+2,800 |
| 10,12,16, 25 mm = Basic+1,500 | 10,12,16,20,25 mm = Basic+1,500 | 10,12,16,20,25 mm = Basic+1,700 |
Gauge parity in INR/MT
Source: SteelMint Research
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