Metal Price Monitor October 2019191023162010420
Metal Price Monitor October 2019191023162010420
EEPC India has been providing the EEPC Metal Price Monitor to its members to keep them updated of the
monthly metal price fluctuation around the world. The monitor includes both domestic and international prices of
steel and other non-ferrous metals. The sources of the price information are mentioned in appropriate places to
intimate members from where the prices have been taken.
• All Prices are in Rs/Tonne and has been compiled on the basis of average of Main & Secondary producers’
price.
• Prices are inclusive of GST.
• Prices are indicative
• The indicative market price is calculated as per the methodology prepared by the committee constituted by
members from SAIL, ERU & JPC.
COMPARISON OF JPC MARKET PRICE (RETAIL) BETWEEN SEPTEMBER 2019 & OCTOBER 2019
NOTE:
1) All prices are in Rs./Tonne and has been compiled on the basis of average of Main & Others producers' price.
2) Prices are inclusive of GST.
3) All prices are as on day 15 of this month.
4) Prices are indicative.
Mumbai Market: Steel Flat Product: Basic Prices (Rs/kg) : 31-05-2019
Carbon Steel
SA 516 GR 70: 8 to 32 mm 55
SA 516 GR 70: 6 mm N.A.
SA 516 GR 70: 20 mm 67
Special Steel
Titanium: Grade 2 1,800
Titanium: Grade 5 2,000
Duplex - 2205 182
Inconel 600 2,000
Inconel 625 1,000
Incoloy 904 1,500
Monel 400 2,000
Haste Alloy B 2,000
Haste Alloy G 2,000
Haste Alloy C 2,000
Rashtriya Ispat Nigam Limited : October 2019
Rs. Per Tonne
Product Description Grade Vizag Ludhiana Chennai Mumbai Kolkata
Billet 125x125 mm IS 2830 34,840 38,210 36,480 37,100 35,680
Channel 200x75 IS 2062 Gr.A 36,630 38,700 37,430 38,030 36,630
Rebar 8mm IS 1786 Fe 5000 37,760 39,280 38,130 39,230 38,160
Round 20.64 mm 55Si7 43,400 43,400 43,400 43,400 43,100
Round 40 mm SAE1018 34,710 35,990 35,710 36,710 34,910
Wire rod 5.5 mm HC 50-HC 85 35,190 38,160 36,340 36,995 36,080
Wire Rod 7 mm PC115 34,790 37,760 35,940 39,595 35,680
Wire Rod 8 mm EQ 34,710 37,680 35,860 36,515 35,600
Pig Iron LSB 23,500 - - - -
Domestic Steel Prices
Ferro Alloys & Minor Metals - Mumbai Market (Basic Price in Kgs) as on 18/10/2019
Ferro Molybdenum 60% 1240 Ferro Chromium (Cr.75%) Low Carbon 228
Pure Molybdenum 2920 Ferro Chromium High Carbon 60 to 65% 94
Nitrated FeCr. 300 Ferro Tungsten 70% 2100
Ferro Silicon (70-75%) 75 Pure Tungsten 99% 2600
Molybdenum Oxide 62 to 63% 1180 Ferro Vanadium 50 % 1380
Ferro Boron 185 Chromium 99.9% 610
Ferro Manganese HC 80 Pure Silicon 99.9% 120
Ferro Manganese MC 105 Cobalt Chip 99.9% 2900
Pure Manganese ELC 99.9% 140 Manganese 99.9% 195
Ferro Phosphorous 30 Manganese 99.8% 140
Ferro Silicon Zirconium 175 Bismuth 99% 750
Ferro Titanium 30/35 % 165 Silico Manganese 75
Ferro Titanium 70/75 % 275 Ferro Silicon Mangnesium 150
Ferro Chromium (Cr .60%)Low Carbon 155
Products Description Industrial Foundry Scrap Products Description Industrial Foundry Scrap
Scrap (Unprocessed) Scrap (Unprocessed)
Stainless Steel - 304 102 113 Stainless Steel - 410 32 48
(11.5% chromium)
Stainless Steel - 304 L - 125 Stainless Steel - 430 38 53
(16% chromium)
Stainless Steel - 316 148 172 Stainless Steel - 2205 N.A. 250
Stainless Steel - 316 L - 195 Stainless Steel - 2507 N.A. 1050
Weekly Average
18.10.2019 11.10.2019
Melting Scraps
Rolling Mill end (Angle/Fish cut) Scrap (MG-Punjab) 25,200 24,800
Rolling Mill end (Angle/Fish cut) Scrap (Mumbai) 26,000 25,700
Old Scrap Godown (MG-Punjab) 23,800 23,500
Degi Scrap (MG-Punjab) 22,600 22,200
Turning (MG-Punjab) 22,700 22,500
Tin Tapper (MG-Punjab) 24,700 24,500
Sponge Iron (MG-Punjab) 22,700 22,500
Melting Scrap (Regular) (Mumbai) 23,500 23,500
Heavy Melting Scrap (Mumbai) (Foundry) 27,400 27,000
Heavy Melting Scrap (Mumbai) old (Ingot) 24,400 24,000
MS Turning Scrap (Pune) 21,000 21,700
Heavy Melting Scrap (Bhavnagar) (old) 24,900 24,600
Cast Iron Scrap (Bhavnagar) 28,000 27,800
Heavy Melting Scrap (Kolkata) (old) 24,800 24,000
Heavy Melting Scrap (Delhi) (old) 24,900 24,600
Melting Scrap (CRCA-Bundle) LSLP (Mumbai) 27,000 27,000
Melting Scrap (CRCA-ZN,Al, Coated) Loose - (Pune) 19,500 19,000
Melting Scrap (CRCA - (Loose) Ahmedabad) 21.700 21,500
Heavy Melting Scrap (Chennai) 22,000 22,000
MS Plate Cutting - Foundry Grade (Chennai) 26,000 26,000
Melting Scrap (CRCA - Zn, Al. Coated) Loose - (Chennai) 20,000 19,500
Melting Scrap (CRCA - Bundle) LSLP (Chennai) 27,500 27,500
*Melting Scrap (CRCA - Bundle) LSLP (Chennai) 28,000 28,000
Raw Material
C.I. Turning (MG-Punjab) 22,700 22,700
Deg Casting (MG-Punjab) 35,900 35,900
Ingot Moulds (New) (MG-Punjab) 37,900 37,900
Pig iron Foundry Grade - A (Mumbai) 32,500 32,000
Pig iron Foundry Grade - B (Punjab) 30,500 30,000
Steel Grade (Punjab) 26,300 26,800
→ MMR quoted Pig Iron price are exclusive of GST & Freight charges.
Note: A*= Low Sulphur/Phosphorus i.e.0.09% Max which is used in Critical automotive engine components and
specialize
casting.
B**= High Sulphur/Phosphorus [Link] 0.09% which is used in Non-Critical castings.
* MMR's Melting Scrap (CRCA-Bundle) LSLP (Chennai) quoted prices are based on payment of 60 days credit period.
Month 2 254.50
Month 3 253.50
Month 6 257.00
Month 12 252.00
Month 15 250.00
(Source : [Link])
Month 2 415.00
Month 3 415.50
Month 6 413.00
Month 12 410.00
Month 15 409.00
(Source : [Link])
International Steel Price Scenario as on October 2019 [As per data provided in September 2019]
HRC
US$/T
Country September 2019 Price October 2019 Price Price Change
India 621 602 -19
China domestic VAT - inclusive 525 - 525 497.32 - 497.32 -27.68
China export 462 - 462 435 - 435 -27
[Link] domestic 511.53 480.6372 -30.8928
[Link] domestic 496.55 455.63 -40.92
US domestic 612.06 - 612.06 535.1721 - 535.1721 -76.8879
Southeast Asia CFR 467 - 467 422 - 422 -45
Brazil (excluding tax) 591 - 603 577.80 - 587.47 -15.53
CRC
US$/T
Country September 2019 Price October 2019 Price Price Change
India 699 687 -12
China domestic VAT - inclusive 601 - 604 599.79 - 601.20 -2.8
China export (FOB Shanghai) 507 - 507 491 - 495 -12
[Link] domestic 614.16 589.5446 -24.6154
[Link] domestic 574 543.35 -30.65
US domestic 801.10 - 801.10 755.0832 - 755.0832 -46.0168
East Asia import CFR 550 - 555 530 - 540 -15
Brazil (excluding tax) 639 - 659 628.57 - 647.43 -11.57
(-) Implies prices have fallen since September 2019
PICTORIAL REPRESENTATION OF CRC PRICES AROUND THE WORLD
WIRE ROD
US$/T
Country September 2019 Price October 2019 Price Price Change
India 600 588 -12
China domestic 534 - 536 520.76 - 520.76 -15.24
[Link] (Ex-mill US Midwest ) 661 - 694 617.29 - 661.39 -32.61
(-) Implies prices have fallen since September 2019
BILLET
US$/T
Country September 2019 Price October 2019 Price Price Change
India 539 541 2
China domestic VAT - inclusive 480 - 480 471.89 - 471.89 -8.11
China export (FOB Shanghai) 600 - 750 600 - 750 0
Southeast Asia CFR 408 - 412 404 - 406 -6
(-) Implies prices have fallen since September 2019
PICTORIAL REPRESENTATION OF BILLET PRICES AROUND THE WORLD
PIG IRON
US$/T
Country September 2019 Price October 2019 Price Price Change
India 483 472 -11
China domestic (Hebei-incl. 17% vat) 281 - 288 281 - 288 0
(-) Implies prices has fallen since September 2019
NOTE : Indian prices are converted from the JPC prices of 15th October 2019 at the IMF Exchange Rate
of 1 US$ = Rs 71.11 (Approx) (Average from 01/10/19 to 22/10/2019)
(Source : Steel Business Briefing)
Non Ferrous Metal Prices
Note : 1. % chg. is of the latest price with respect to the immediately preceding price. 2. The prices of HZL are excluding of GST and other
statutory levies as applicable.
(Source: MMR Weekly)
Non Ferrous Metal Prices
LME OFFICIAL PRICES, US$ PER TONNE FOR 22nd October, 2019
Disclaimer
In order to ensure the reliability and authenticity of the Metal Price Monitor, EEPC India has
taken maximum care that the information(s) presented in this publication is nearly as accurate
as the information(s) available with the various sources where from the said information(s) have
been taken. In case of any inaccuracy or discrepancy that may emerge before the user, the
concerned source whose names are mentioned therein should be contacted. The contact details
of those sources are also available with us. EEPC India is only committed to ensure that
information provided in this publication is authentic and reliable, but cannot be held responsible
and/or liable for any mismatch or inaccuracy in the information(s) provided in this publication.
EEPC India may make any remedial corrections, without any consultations of the users, so as to
provide full utility of this publication