The galvanised plain coils / sheets are value – added steel products which basically involves zinc coating, are tough, sturdy, light weight, bright and corrosion resistant. In India these are produced in the thickness range of 0.15 mm to 2.0 mm and width range of 800 mm to 1560 mm.
GP/GC Producers and Production in India during FY 16 (Apr’15-Mar’16)
|
Producers |
Production in MnT |
| JSW Steel | 1.92 |
| Tata Steel | 0.45 |
| Essar Steel | 0.34 |
| SAIL | 0.23 |
| Others | 3.59 |
| Total | 6.54 |
Source: JPC
In FY 16, India’s total GP/GC production was recorded at 6.54 MnT. Whereas, in FY15 the same was recorded at 6.70 MnT.
India’s GP/GC Imports/Exports
|
Particulars |
2014-15 | 2015-16 |
Yo-Y % Change |
| Imports | 0.44 | 0.59 | +34.09% |
| Exports | 1.63 | 1.42 | -12.88% |
Source: JPC
Unlike HRC/CRC, India is a net exporter of GP/GC sheets. However, from the above table it can be observed that in FY16, India’s GP/GC imports increased by 34.09% whereas exports fell down by 12.88% against FY15.
Current Prices
Current offers for HDG (Hot dip galvanized) coil (0.8mm and above, IS 277) are assessed at INR 42,500-43,000/MT (ex-Mumbai) and INR 44,500/MT (ex-Delhi). Prices include excise of 12.5%.
Majority of India’s HDG exports are directed towards Middle east countries.Export offers of HDG from India are assessed at USD 600/MT, CFR UAE whereas offers from China are assessed at USD 540-550/MT, CFR UAE. China’s flat steel offers to South America is recorded at lower rate of USD 480-510/MT, CFR Columbia.
|
Particulars |
Prices/MT |
| Ex-Mumbai | INR 42,500-43,000 |
| Ex-Delhi | INR 44,000-44,500 |
| FoB India | USD 575-580 |
| CNF UAE from China | 540-550 |
| CNF Columbia from China | 480-510 |
Source: SteelMint Research
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