News & Trends
Monday Market Monitor - India (WEEK 05) - Divergent trend - 08 Feb, 2010
Indian domestic steel prices for long and flats exhibited divergent trends last week. The Indian Long Product Price Index ILPPI decreased by 42 points whereas Indian Flat Products Index IFPPI increased by 48 points. The overall price index INDSPI gained just 1 point.
Class29-Jan05-FebChange%
ILPPI67166674-42-0.6%
IFPPI74097457480.7%
INDSPI7046704710.0%


ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products
Category29-Jan05-FebChange%
PI - TMT63616267-95-1.5%
PI - WRC73327371380.5%
PI - Angle63206226-94-1.5%
PI - Channel64106310-100-1.6%
PI - Joist59375848-89-1.5%

PI - Product Index

Flat products
Category29-Jan05-FebChange%
PI - Narrow Plates71007118170.2%
PI - Wide Plates716873822133.0%
PI - Hot Rolled71937224310.4%
PI - Cold Rolled80488044-30.0%
PI - Galvanized80808176961.2%

PI - Product Index

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1. Input material

Melting scrap
80:20
HMS
LocationChange
Chennai-3%
Kandla0%
Kanpur -4%
Kolkata0%
Mandi-1%
Mumbai1%

Change is on February 5th 2010 as compared to January 29th 2009

Alang
ProductSizeChange
Plate cuttings1"-1%
ShipsMixed1%

Change is on February 5th 2010 as compared to January 29th 2009

Pencil ingot
LocationChange
Ahmedabad-2%
Bhiwari-1%
Durgapur-3%
Ghaziabad0%
Hyderabad2%
Jaipur0%
Jamshedpur0%
Kanpur -2%
Kolkata-3%
Mandi-2%
Mumbai1%
Muzzafarnagar0%
Nagpur0%
Raigarh-2%
Raipur -1%
Rourkela-2%
Rudrapur-5%

Change is on February 5th 2010 as compared to January 29th 2009

Pig Iron
LocationChange
Agra-2%
Jallandhar-3%
Kolkata-1%
Raipur -1%

Change is on February 5th 2010 as compared to January 29th 2009

Sponge iron
LocationChange
Bellary-1%
Kolkata-7%
Raigarh-2%
Raipur -6%
Rourkela-7%

Change is on February 5th 2010 as compared to January 29th 2009

2. Long products

TMT
Fe 415
12mm
LocationChange
Ahmedabad-1%
Chennai-4%
Delhi -2%
Indore -1%
Kanpur -2%
Kolkata-4%
Mandi-1%
Mumbai1%
Raipur 1%

Change is on February 5th 2010 as compared to January 29th 2009

WRC
SWR14
5.5/6
LocationChange
Chennai0%
Delhi 4%
Kanpur 0%
Kolkata-2%
Raipur 1%

Change is on February 5th 2010 as compared to January 29th 2009

ANGL
Grade A
65X65X6
LocationChange
Ahmedabad-2%
Bangalore0%
Chennai-4%
Delhi -1%
Indore2%
Kanpur -2%
Kolkata-1%
Mandi-3%
Mumbai1%
Raipur 1%

Change is on February 5th 2010 as compared to January 29th 2009

CNHL
Grade A
75/40
LocationChange
Ahmedabad-2%
Bangalore-2%
Chennai-2%
Delhi -6%
Indore0%
Kanpur 0%
Kolkata-2%
Mandi-1%
Mumbai1%
Raipur 1%

Change is on February 5th 2010 as compared to January 29th 2009

JSTI
Grade A
250X125
LocationChange
Ahmedabad-1%
Bangalore-4%
Chennai-1%
Delhi -7%
Indore0%
Kanpur 0%
Kolkata-2%
Mandi1%
Mumbai1%
Raipur 1%

Change is on February 5th 2010 as compared to January 29th 2009

3. Flat products

HRC
Tube
2.5x1250
LocationChange
Ahmedabad1%
Bangalore2%
Chennai0%
Delhi 0%
Indore1%
Kolkata1%
Ludhiana 2%
Mumbai0%

Change is on February 5th 2010 as compared to January 29th 2009

Patra
LocationChange
Delhi -1%
Ludhiana -1%
Mandi-6%

Change is on February 5th 2010 as compared to January 29th 2009

Plates
Grade A
8X1250/1500
LocationChange
Chennai0%
Delhi 0%
Kanpur -1%
Kolkata1%
Mumbai0%

Change is on February 5th 2010 as compared to January 29th 2009

Plates
GRADE B
12-20X2500
LocationChange
Ahmedabad3%
Bangalore6%
Chennai5%
Delhi 0%
Indore8%
Kanpur -1%
Kolkata0%
Mumbai0%
Raipur 1%

Change is on February 5th 2010 as compared to January 29th 2009

CR
DSK
0.63x1000
LocationChange
Ahmedabad1%
Chennai0%
Delhi -9%
Kanpur 0%
Kolkata1%
Mumbai1%
Pune1%

Change is on February 5th 2010 as compared to January 29th 2009

GC
100Gms
0.4
LocationChange
Bangalore-2%
Chennai0%
Delhi 1%
Kanpur -1%
Kolkata1%
Mumbai0%

Change is on February 5th 2010 as compared to January 29th 2009

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(Sourced from www.steelprices-india.com)




Today's News
Clips
0blt1 Steel prices may rise in China in September on inventory decline
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0blt1 Chinese domestic steel rebar prices shown improvement
0blt1 Chinese domestic steel wire rod price update on Sep 2
0blt1 Chinese domestic SBQ steel plate price update on Sep 2
0blt1 Chinese domestic narrow HR strip prices update on Sep 2
0blt1 Chinese domestic steel billet price update on Sep 2
0blt1 Chinese domestic steel Angle price update on Sep 2
0blt1 Chinese domestic steel beam price update on Sep 2
0blt1 Chinese domestic CR steel price update on Sep 2
0blt1 Chinese domestic galvanized steel HDG price remain flat
0blt1 Chinese domestic steel channel price update on Sep 2
0blt1 Chinese domestic steel plate price remain flat
0blt1 Chinese domestic pig iron prices update on Sep 2
Announcements
0blt1 SULB starts construction of steel plant project in Bahrain
0blt1 Ezzsteel increase rebar price for September 2010
0blt1 Turkish steel mills restart scrap purchase after a pause
News And Trends
0blt1 Indian flat product price index up by 56 points
0blt1 Pencil ingot price movement in major places
0blt1 SAIL cuts discount on flat products by INR 1000 - Report
0blt1 HR steel prices up in Kolkata
0blt1 JSW Steel raises prices by 3pct to 4 pct
0blt1 Rebar TMT QST price crashes in Chennai
0blt1 Wide steel plate price up in Kolkata
0blt1 Sponge iron price up in Raigarh and Raipur
0blt1 Steel light channel prices crashes in Chennai
0blt1 Steel wire rod prices up in Chennai
0blt1 CR steel price movement on Sep 2
0blt1 Steel plate cuttings price remains flat at Alang
0blt1 GP steel HDG price update on Sep 2
0blt1 Steel melting scrap price up in Chennai
0blt1 Pig iron price remain flat on Sep 2
0blt1 Steel joist I Beam prices scenario in major places
0blt1 Patra Narrow HR steel strips price
0blt1 Narrow HR steel plate price remain flat on Sep 2
0blt1 GC steel HDG price up in Kolkata
0blt1 BDI recovers further by 94 points
0blt1 AK Steel announces October 2010 surcharges for electrical steel
0blt1 Yusco and Tang Eng to hike stainless steel price for September
0blt1 Taiwanese wire rod prices hold steady
0blt1 Yieh Hsing to keep steel wire rod prices unchanged for Sep
Export And Import Levels
0blt1 Brazilian aggression may dampen EU steel mills plan to hike HR prices
0blt1 MEPS update North American steel market


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