| Commodity/Delivery/Region | Size/Grade | Price | Min/Max | Tax | Delivery Period | Sentiments | |||
|---|---|---|---|---|---|---|---|---|---|
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India
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Billet, FOB East Coast, India
07, May 2021 17:56 IST | Weekly
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150*150, 3SP/4SP
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USD
|
tax | 7-8 weeks | Strong | ||
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Ukraine
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Billet, FOB Black Sea, Russia
07, May 2021 17:56 IST | Weekly
|
130*130, 3SP
|
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USD
|
tax | 4-6 weeks | Strong | ||
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Iran
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Billet, FOB Bandar Imam Khomeini, Iran
07, May 2021 17:56 IST | Biweekly
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130*130, 3SP
|
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USD
|
tax | 4-6 weeks | Strong | ||
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Philippines
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Billet, CNF Manila, Philippines
07, May 2021 17:59 IST | Weekly
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150*150, 3SP
|
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USD
|
tax | Within 4 weeks | Strong | ||
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Turkey
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Billet, CNF Iskenderun, Turkey
07, May 2021 17:59 IST | Weekly
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120*120
|
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USD
|
tax | 4-6 weeks | Strong | ||
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Nepal
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Billet, CNF Raxaul border, Nepal
07, May 2021 17:59 IST | Weekly
|
100*100, IS 2831 (IF Grade)
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USD
|
tax | 4-5 weeks | Weak | ||
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China
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Billet, EXW Tangshan, China
07, May 2021 18:00 IST | Daily
|
150*150mm, Q235
|
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RMB
|
tax | Strong | |||
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Pakistan
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Billet, Exw Punjab, Pakistan
06, May 2021 17:56 IST | Weekly
|
60 CC
|
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PKR
|
tax | Moderate | |||
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Russia
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Slab, FOB Black Sea, Russia
04, May 2021 18:16 IST | Weekly
|
Commercial
|
|
USD
|
tax | 8-10 Weeks | Moderate | ||
| Commodity/Delivery/Region | Size/Grade | Price | Min/Max | Tax | Delivery Period | Sentiments | |||
|---|---|---|---|---|---|---|---|---|---|
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Turkey
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Rebar, FOB Iskenderun, Turkey
07, May 2021 11:31 IST | Weekly
|
12-32mm, Commercial
|
|
USD
|
tax | Within 4-6 weeks | NA | ||
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Pakistan
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Rebar, Exy Punjab, Pakistan
06, May 2021 17:57 IST | Weekly
|
Deformed Bar (G-60)
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PKR
|
tax | Weak | |||
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India
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Rebar, Exy-Mumbai, India
01, May 2021 16:45 IST | Weekly
|
12-32mm, BF Grade, IS 1786 Fe 500D
|
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INR
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tax | Immediate | NA | ||
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+27 more: View city wise prices
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Nepal
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Wire Rod, CNF Raxaul, Nepal
01, May 2021 13:39 IST | Weekly
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5.5-6.0mm, Commercial Grade
|
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USD
|
tax | Within 30 Days | Moderate | ||
| Commodity/Delivery/Region | Size/Grade | Price | Min/Max | Tax | Delivery Period | Sentiments | |||
|---|---|---|---|---|---|---|---|---|---|
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China
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HRC, FOB Rizhao, China
04, May 2021 18:25 IST | Weekly
|
3-12mm, SS400
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USD
|
tax | Within 4-6 weeks | Moderate | ||
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Japan
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HRC, FOB Tokyo, Japan
04, May 2021 18:34 IST | Weekly
|
2mm, SS400
|
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USD
|
tax | Within 6-8 weeks | NA | ||
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South Korea
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HRC, FOB Seoul, South Korea
04, May 2021 18:34 IST | Weekly
|
1.6-2.5mm, SAE 1006
|
|
USD
|
tax | Within 8 weeks | Strong | ||
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Ukraine
|
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HRC, FOB Black Sea, Russia
04, May 2021 18:34 IST | Weekly
|
3mm, SAE1006
|
|
USD
|
tax | Within 6-8 weeks | Strong | ||
|
India
|
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HRC, FOB East Coast, India
04, May 2021 18:34 IST | Weekly
|
2.5 mm, SAE1006
|
|
USD
|
tax | Within 4-6 weeks | Strong | ||
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Vietnam
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HRC, CNF Ho Chi Minh City, Vietnam
04, May 2021 18:39 IST | Weekly
|
2-3mm, SAE 1006 (China Origin)
|
|
USD
|
tax | Within 6-8 weeks | NA | ||
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Pakistan
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HRC,CNF Qasim,Pakistan
04, May 2021 18:39 IST | Weekly
|
2mm, SS400 (China origin), SS400
|
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USD
|
tax | Wtithin 6-8 weeks | NA | ||
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Bangladesh
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HRC, CNF Chittagong, Bangladesh
04, May 2021 18:22 IST | Weekly
|
2mm, SAE 1006
|
|
USD
|
tax | Within 8-10 weeks | NA | ||
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Dubai
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HRC, CNF Abu Dhabi, UAE
04, May 2021 18:39 IST | Weekly
|
2mm, SAE1006 (China Origin)
|
|
USD
|
tax | Within 6-8 weeks | NA | ||
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Netherlands
|
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HRC, CNF West Europe, Europe
04, May 2021 18:39 IST | Weekly
|
3-4mm, S235JR
|
|
USD
|
tax | Within 8-12 weeks | NA | ||
Indian Ferro Chrome prices increased amid improved global market conditions. In China, there is decrease in VAT rates – from 16% to 13% which would have been effective from 1st Apr’19, but the notification is still awaited. Therefore, the buyers are showing reluctance in buying any stock further as the prices in the domestic market would reduce once the VAT is down at 13%. However, in South Africa, power tariffs are going up and the supply is going down. With the depiction of supply tightness in the global market in the upcoming period Indian producers have raised their offers in the market.
Domestic prices for Ferro Chrome in India is assessed to be in the range of INR 74,000/MT to INR 75,000/MT. Export prices for CNF South Korea (10-50mm, HC 60%) is 86 cents/lb, for CNF Japan(10-50mm, HC 60%) is 87 cents/lb and for CNF China(10-150mm, HC 60%) is around 84-84 cents/lb. On the future outlook, global buyers are likely to follow the Chinese market and global Ferro Chrome prices are expected to go up in line with Chinese Prices. Indian producers are also trying to push up the prices on higher Chrome Ore prices in India and tighter Ferro Chrome supply expected in the coming days from South Africa.
