SteelPrices - Global

Announcements

Long product prices decline at Mandi, Kanpur and Mumbai - 20 Nov, 2008

The long prices showed overall stability but declined in isolated pockets like Mumbai, Mandi, Bangalore and Kanpur ominously indicative of the imminent downslide in domestic market. Although it would be too early to predict a sustained decline:

Kolkata

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	0	0.0%
WRC	SWR14	5.5/6	0	0.0%
CHNL	GR A	75/100	0	0.0%
JSTI	GR A	250x125	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Delhi

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	0	0.0%
WRC	SWR14	5.5/6	0	0.0%
CHNL	GR A	75/100	0	0.0%
JSTI	GR A	250x125	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Chennai

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	-104	-0.3%
WRC	SWR14	5.5/6	0	0.0%
CHNL	GR A	75/100	0	0.0%
JSTI	GR A	250x125	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Mumbai

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	-1190	-3.2%
ANGL	GR A	65x6	-1190	-3.2%
CHNL	GR A	75/100	-1190	-3.2%
JSTI	GR A	250x125	-1190	-3.1%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Ahmedabad

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	0	0.0%
ANGL	GR A	65x6	-312	-0.9%
JSTI	GR A	250x125	0	0.0%
CHNL	GR A	75/100	1040	3.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Kanpur

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	-500	-1.4%
ANGL	GR A	65x6	-300	-0.8%
JSTI	GR A	250x125	-1000	-2.6%
WRC	SWR14	5.5/6	-252	-0.8%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Indore

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	0	0.0%
ANGL	GR A	65x6	0	0.0%
JSTI	GR A	250x125	0	0.0%
CHNL	GR A	75/100	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Raipur

Item	Grade	Size	Change	%
ANGL	GR A	65x6	0	0.0%
JSTI	GR A	250x125	0	0.0%
WRC	SWR14	5.5/6	0	0.0%
CHNL	GR A	75/100	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Mandi

Item	Grade	Size	Change	%
ANGL	GR A	65x6	-1040	-2.7%
CHNL	GR A	75/100	-1040	-2.7%
JSTI	GR A	250x125	-416	-1.1%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Bangalore

Category	Grade	Size	Change	%
ANGL	GR A	65x6	2000	5.5%
JSTI	GR A	250x125	0	0.0%
CHNL	GR A	75/100	1000	2.7%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

If you want to know the prevailing prices and changes across the week on daily basis, please subscribe to services of www.steelprices-india.com

Today's News
Clips
	Egypt to maintain domestic prices in January 2009

Announcements
	Readymade information to help you expand your reach in India

News And Trends
	Indian stainless steel industry demands hike in import duty
	Macroeconomics indicators - BDI continues to slip

Export And Import Levels
	Update on Chinese SBQ plate exports to South Korea
	Chinese domestic HRC market firming up
	Update on Chinese CR market scenario
	Chinese HDG export remains sluggish
	Chinese rebar and wire rod prices continue upward march
	Chinese plate export prices remain weak

Trade Issues
	Turkey increases import duty on steel products
	Russia to cut oil export duty from January 1st
	Isfahan Steel calls for increasing tariffs in steel import
	New royalty rates for uranium mining in India