| News & Trends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monday Market Monitor - India - WEEK 35 - Mixed bag - 06 Sep, 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Although there are hardly any doubts that Indian long product prices have touched the bottom in last few months, some market players in the secondary sector do not seem to be optimistic of sustainability. The increase in long product prices is propelled, to some extant, by the higher input costs as reflected in sponge iron and pencil ingot. Incidentally iron prices have also surged by about 6% on September opening in Barbil belt of Orissa The expectation of increase in construction activity, post rainy season, coupled with the recovery in prices in last 20 days catapulted some of the Indian steel majors to look for better realization in September. As a result, despite sluggish sales, they either rolled over the prices or sought hike of up to INR 1000 per tonne for deliveries in September. Market players opine that the input cost pressure, amid sluggish demand for finished product, has very severely impacted their conversion margins and only respite is possible if the demand really surges resulting in better realization for finished products. But a section of people are not so optimistic on the demand revival and feel that the downward pressure, being exerted by huge overcapacity, is far more greater than any possible upward push by demand revival and the market situation will remain as it is. In case of flat products, Indian steel majors hiked the prices by INR 750 per tonne to INR 1500 per tonne for sales in September. This has been reflected in the hike in market prices across the country as it is likely to stick. The fall in flat product prices in previous months was a result of lowering of prices by importers to liquidate their positions and generate cash. It appears that the inventories of unsold imported cargos at port have come down substantially and as such importers have once again become positive as the international price levels have surged off late. It is reported that Chinese mills are offering boron added HRC in SS 400 grade at USD 600 FOB, which translates to about USD 640 CFR India or say INR 32,000 landed without CVD and SAD. This has given ample scope to Indian steel mills to go for a hike despite holding huge inventories. The Indian Long Product Price Index ILPPI continued inclining by 19 points whereas Indian Flat Products Index IFPPI surged by 122 points. The overall price index INDSPI up by 68 points. The Indian Long Product Price Index ILPPI continued inclining by 19 points whereas Indian Flat Products Index IFPPI surged by 122 points. The overall price index INDSPI up by 68 points.
ILPPI - Indian Long Product Price Index IFPPI - Indian Flat Product Price Index INDSPI - Indian Steel Price Index Long Products
PI - Product Index Flat products
PI - Product Index These indices have base of 10,000 as on July 1st 2008 To know more about these indices please visit http://steelprices-india.com/spi_services/spi.html To download a presentation please paste this link in your browser http://www.steelprices-india.com/uploads/Steel_Price_Index_Presentation.ppt You can now get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert 1. Input material Melting scrap 80:20 HMS
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 Alang
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 Pencil ingot
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 Pig Iron
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 Sponge iron
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 2. Long products Rebar (TMT QST) Fe 415 12mm
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 WRC SWR14 5.5/6
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 ANGL Grade A 65X65X6
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 CHNL Grade A 75/40
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 JSTI Grade A 250X125
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 3. Flat products HRC Tube 2.5x1250
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 Patra
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 Plates Grade A 8X1250/1500
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 Plates GRADE B 12-20X2500
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 CR DSK 0.63x1000
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 GP 100Gms 0.4
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 GC 100Gms 0.4
Change is on Sep 3rd 2010 as compared to Aug 27th 2010 www.steelprices-india.com is a comprehensive portal that provides domestic pricing information for benchmark steel products in each category at select location in India on a regular basis 5 days a week and international price levels on a weekly basis. As steel in each category comes in hundreds of grades shapes and sizes, we have taken benchmark products in each category at select locations to cover the entire basket of garden variety of steel products including input material for steel making and processing. Products covered 1. Input materials - Iron ore, scrap, sponge iron, pig iron pencil ingot, billets and blooms 2. Long products - Rebar, wire rod, angle, channel and joists 3. Flat products - Narrow plates, wide plates, HR, CR and galvanized 4. Others - Pipes 5. FOB Levels - China, Ukraine, Russia and Turkey Methodology and access 1. Benchmark products in each category with fixed commonly used sizes and grades 2. Base prices or effective, as per market trends 3. Average transaction levels which have settled well, based on continuous interactions with domestic mills, overseas suppliers, importers stockiest & service centers and buyers 4. On fixed market oriented payment terms 5. Daily updates 6. Data available since July 2008 5. Access through web site Price basis Without ED and VAT for all products except for rebar and sections Other features The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available. In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data. Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news. Subscription charges for 12 months access
How to subscribe 1. Register at www.steelprices-india.com and pay on line or ask for invoice 2. Send mail to admin@steelprices-india.com. 3. Call at 0091-124-3007891/2/3 (Sourced from www.steelprices-india.com) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Announcements | ||
 | Iranian steel market trend in week 05 2012 - Long products | |
| Export And Import Levels | ||
|
| BDI surged by a single point on February 6 2012 | |
