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BS 970 EN16 Steel: Price Gap

Demand price (median buyer ceiling from RFQs) versus offer price (median seller reserve from listings), and the gap between them, for BS 970 EN16 across India. Click a region to drill into states.

Live Signal Lifetime

Lifetime: The gap between buyer bids and seller asks, across everything ever listed on M-EX. Use this for the long view. For example, “Has this grade usually traded with buyers bidding above sellers?”

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Market direction

Sellers asking higher

Price gap (National)

Rs. -1,469

Current

Rs. -1,469

52 RFQs · 57 listings

7 days ago

Rs. -1,469

Sellers were charging the same as today

52 RFQs · 57 listings

15 days ago

Rs. -1,469

Sellers were charging the same as today

52 RFQs · 57 listings

30 days ago

Rs. -1,485

Sellers were charging Rs. 16 more than today

49 RFQs · 54 listings

This gap is narrower than typical for Alloy Steel nationally (1.8% vs a 12.4% category average).
Direction has held at “sellers asking higher” for 146 days.

Demand above offer (positive gap)

Offer above demand (negative gap)

Insufficient data (< 3 each side)

See activity (demand & supply) across India ›

Disclaimer: All information on this page is indicative only and derived from posted listings and RFQs on M-EX. It does not constitute a market price quote or investment advice. M-EX and GTE make no representations as to accuracy or completeness. Actual activity depends on quantity, quality, payment terms and other commercial factors agreed between buyers and sellers.

BS 970 EN16 is an Alloy Steel grade: EN16: Manganese-molybdenum steel. Specified in BS 970:1955, Part 2. Typical applications: High tensile bolts, studs, general engineering.

Equivalent / Similar Grades (5)

Grade	Standard	Region
605M36	BS 970 (Part 1)	UK
606M36	BS 970 (Part 3)	UK
EN16A	BS 970	UK
EN16D	BS 970	UK
EN17	BS 970	UK

Chemical Composition (%)

C	Si	Mn	Mo	S	P
0.30-0.40	0.10-0.35	1.30-1.80	0.20-0.35	<=0.050	<=0.050

Mechanical Properties

Tensile Strength	≥695 MPa (45 tons/sq in, converted)
Yield Strength	≥525 MPa (34 tons/sq in, converted)
Elongation	≥22%
Hardness	201-255 HB
Condition	Hardened and tempered R, ruling section 6 in (lowest-strength condition of the standard)