Lok Sabha Question No. 1282 (UNSTARRED), answered on 2015-12-07
Subject: Steel Prices
Ministry: STEEL
Asked by: SHARAD TRIPATHI, KRISHNAN NARAYANASAMY RAMACHANDRAN

## LOK SABHA UNSTARRED QUESTION NO.1282 FOR ANSWER ON 07/12/2015

## STEEL PRICES

1282.  SHRI SHARAD TRIPATHI: SHRI K.N. RAMACHANDRAN:

Will the Minister of STEEL be pleased to state:

- (a) whether it is a fact that steel prices are continuously rising in the country and if so, the details thereof during each of the last two years and the current year along with the reasons therefor;
- (b) whether it is due to the steel being exported from the country and if so, the details  thereof  including  the  foreign  exchange  earned  therefrom  during  the  said period, country-wise;
- (c) whether  the  Government  proposes  to  ban  the  steel  export  to  keep  prices under check and if so, the details thereof and if not, the reasons therefor; and
- (d) the other steps taken by Government to keep the steel prices under control?

## ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF (SHRI VISHNU DEO SAI) STEEL AND MINES

(a)&(b):  No,  Madam.    The  prices  of  steel  items  in  the  domestic  market  have decreased  in  the  recent  period  due  to  various  reasons  like  slow  growth  in  the domestic demand and cheap imports  etc.    A statement  indicating  average  market prices of leading finished steel items during the last two years and current year is at Annexure-I.

(c)&(d): No, Madam.  In view of above.

********

## Annexure-I to Lok Sabhe Unstarred Question No.1282 for 07.12.15

| Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)   |
|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|
| ITEM                                                                                                 | Apr.                                                                                                 | May.                                                                                                 | June                                                                                                 | July                                                                                                 | Aug.                                                                                                 | Sept.                                                                                                | Oct.                                                                                                 | Nov.                                                                                                 | Dec.                                                                                                 | Jan.                                                                                                 | Feb.                                                                                                 | Mar.                                                                                                 | Yr. Avg.                                                                                             |
| Wire Rod 8mm                                                                                         | 45940                                                                                                | 46115                                                                                                | 46025                                                                                                | 45590                                                                                                | 44890                                                                                                | 45325                                                                                                | 45410                                                                                                | 45170                                                                                                | 45170                                                                                                | 45345                                                                                                | 46110                                                                                                | 45940                                                                                                | 45586                                                                                                |
| Rounds 12mm                                                                                          | 45330                                                                                                | 45855                                                                                                | 45770                                                                                                | 45330                                                                                                | 44630                                                                                                | 45245                                                                                                | 45330                                                                                                | 45440                                                                                                | 45440                                                                                                | 45825                                                                                                | 46560                                                                                                | 46560                                                                                                | 45610                                                                                                |
| TMT 10 mm                                                                                            | 47010                                                                                                | 47465                                                                                                | 47450                                                                                                | 47345                                                                                                | 46380                                                                                                | 47345                                                                                                | 47430                                                                                                | 47660                                                                                                | 47960                                                                                                | 48135                                                                                                | 48660                                                                                                | 48310                                                                                                | 47596                                                                                                |
| Plates 10mm                                                                                          | 49395                                                                                                | 49445                                                                                                | 49420                                                                                                | 49370                                                                                                | 49320                                                                                                | 49470                                                                                                | 49545                                                                                                | 49470                                                                                                | 49370                                                                                                | 49705                                                                                                | 49820                                                                                                | 49920                                                                                                | 49521                                                                                                |
| HR Coils 2.00mm                                                                                      | 48745                                                                                                | 48795                                                                                                | 48710                                                                                                | 48720                                                                                                | 48670                                                                                                | 48875                                                                                                | 49070                                                                                                | 49020                                                                                                | 48995                                                                                                | 49120                                                                                                | 49290                                                                                                | 49320                                                                                                | 48944                                                                                                |
| CR Coils 0.63mm                                                                                      | 52980                                                                                                | 52780                                                                                                | 52580                                                                                                | 52580                                                                                                | 51900                                                                                                | 52400                                                                                                | 53180                                                                                                | 52780                                                                                                | 52840                                                                                                | 53540                                                                                                | 53780                                                                                                | 54980                                                                                                | 53027                                                                                                |
| GP Sheets 0.63mm                                                                                     | 53680                                                                                                | 54280                                                                                                | 53680                                                                                                | 53680                                                                                                | 53680                                                                                                | 54130                                                                                                | 54760                                                                                                | 55240                                                                                                | 54670                                                                                                | 55030                                                                                                | 55780                                                                                                | 58180                                                                                                | 54733                                                                                                |
| Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)   |
| ITEM                                                                                                 | Apr.                                                                                                 | May                                                                                                  | June                                                                                                 | July                                                                                                 | Aug.                                                                                                 | Sept.                                                                                                | Oct.                                                                                                 | Nov.                                                                                                 | Dec.                                                                                                 | Jan.                                                                                                 | Feb.                                                                                                 | Mar.                                                                                                 | Yr. Avg.                                                                                             |
| Wire Rod 8mm                                                                                         | 42000                                                                                                | 40500                                                                                                | 42000                                                                                                | 44000                                                                                                | 43500                                                                                                | 43350                                                                                                | 45000                                                                                                | 42900                                                                                                | 43125                                                                                                | 41925                                                                                                | 40550                                                                                                | 39900                                                                                                | 42396                                                                                                |
| Rounds 12mm                                                                                          | 43500                                                                                                | 42500                                                                                                | 44200                                                                                                | 44000                                                                                                | 43500                                                                                                | 43650                                                                                                | 44000                                                                                                | 40000                                                                                                | 39000                                                                                                | 40000                                                                                                | 39750                                                                                                | 40250                                                                                                | 42029                                                                                                |
| TMT 10 mm                                                                                            | 44500                                                                                                | 43500                                                                                                | 47600                                                                                                | 46000                                                                                                | 45500                                                                                                | 45200                                                                                                | 47075                                                                                                | 44367                                                                                                | 42542                                                                                                | 42375                                                                                                | 41775                                                                                                | 41017                                                                                                | 44288                                                                                                |
| Plates 10mm                                                                                          | 46000                                                                                                | 45000                                                                                                | 44000                                                                                                | 43000                                                                                                | 42500                                                                                                | 42500                                                                                                | 44500                                                                                                | 42738                                                                                                | 41500                                                                                                | 40750                                                                                                | 39500                                                                                                | 38950                                                                                                | 42578                                                                                                |
| HR Coils 2.00mm                                                                                      | 46000                                                                                                | 45500                                                                                                | 45500                                                                                                | 44500                                                                                                | 43800                                                                                                | 43500                                                                                                | 44500                                                                                                | 43500                                                                                                | 42433                                                                                                | 41167                                                                                                | 40333                                                                                                | 39667                                                                                                | 43367                                                                                                |
| CR Coils 0.63mm                                                                                      | 52500                                                                                                | 50000                                                                                                | 52000                                                                                                | 51000                                                                                                | 50000                                                                                                | 50782                                                                                                | 51000                                                                                                | 49200                                                                                                | 49000                                                                                                | 42500                                                                                                | 47100                                                                                                | 45000                                                                                                | 49174                                                                                                |
| GP Sheets 0.63mm                                                                                     | 57500                                                                                                | 54550                                                                                                | 56000                                                                                                | 55500                                                                                                | 55500                                                                                                | 54550                                                                                                | 54275                                                                                                | 53000                                                                                                | 53167                                                                                                | 52925                                                                                                | 51350                                                                                                | 50275                                                                                                | 54049                                                                                                |
| Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    | Indicative average market prices of leading items of finshed steel, 2015-16: Delhi market (Rs./t)    |
| ITEM                                                                                                 | Apr.                                                                                                 | May.                                                                                                 | June.                                                                                                | July.                                                                                                | Aug.                                                                                                 | Sept.                                                                                                | Oct.                                                                                                 | Nov.                                                                                                 | Dec.                                                                                                 | Jan.                                                                                                 | Feb.                                                                                                 | Mar.                                                                                                 | Yr. Avg.                                                                                             |
| Wire Rod 8mm                                                                                         | 40650                                                                                                | 39500                                                                                                | 38750                                                                                                | 36000                                                                                                | 36600                                                                                                | 37000                                                                                                | 35750                                                                                                | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    |
| Rounds 12mm                                                                                          | 40250                                                                                                | 37750                                                                                                | 38200                                                                                                | 36600                                                                                                | 34150                                                                                                | 37250                                                                                                | 35575                                                                                                | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    |
| TMT 10 mm                                                                                            | 42538                                                                                                | 40075                                                                                                | 40534                                                                                                | 38188                                                                                                | 36275                                                                                                | 38750                                                                                                | 35625                                                                                                | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    |
| Plates 10mm                                                                                          | 40100                                                                                                | 38267                                                                                                | 36375                                                                                                | 34850                                                                                                | 33550                                                                                                | 34725                                                                                                | 35000                                                                                                | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    |
| HR Coils 2.00mm                                                                                      | 39100                                                                                                | 40667                                                                                                | 37438                                                                                                | 36125                                                                                                | 34250                                                                                                | 34563                                                                                                | 35675                                                                                                | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    |
| CR Coils 0.63mm                                                                                      | 44533                                                                                                | 44500                                                                                                | 42000                                                                                                | 40717                                                                                                | 39750                                                                                                | 40300                                                                                                | 40825                                                                                                | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    |
| GP Sheets 0.63mm                                                                                     | 49767                                                                                                | 48350                                                                                                | 49150                                                                                                | 46783                                                                                                | 43500                                                                                                | 44233                                                                                                | 44867                                                                                                | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    | -                                                                                                    |

Source: JPC