Export and Import Levels
Flat product mills force feeding prices at the risk of diarrhea - 24 Jan, 2012
Dauntless postures by the flat product mills in Russia and Ukraine are in vogue. Indian mills despite surplus availability in the backdrop of abysmal domestic demand joined the bandwagon by hiking HRC offers by USD 25 per tonne.

Russian and Ukrainian mills have already started offering about USD 50 per tonne higher in the last 10 days indicating doggedness.

Even though last booking was done at USD 650 per tonne to USD 660 per tonne about 3 weeks back Indian mills sprung new offers at USD 685 per tonne CNF Dubai. These levels are unlikely to hold as Mobarakeh is offering at USD 655 per tonne CNF would be enticing for the local buyers with shorter delivery time.

Plate prices have been rather stable at USD 670 per tonne booking till last week without any murmur.

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Today's News
Clips
0blt1 Credit loosening stems the rot in Chinese steel market
0blt1 Chinese steel price index on February 21
0blt1 Chinese domestic HR steel prices on February 21
0blt1 Chinese domestic steel wire rod price update on February 21
0blt1 Chinese domestic steel billet price remain flat on February 21
0blt1 Chinese domestic steel plate price movement on February 21
0blt1 Chinese domestic pig iron prices movement on February 21
0blt1 Chinese domestic narrow HR strip prices remain flat on February 21
0blt1 Chinese domestic CR steel price on February 21
0blt1 Chinese domestic galvanized steel HDG price update on February 21
0blt1 Chinese domestic steel Angle price on February 21
0blt1 Chinese domestic steel channel price on February 21
0blt1 Chinese domestic steel beam price remain flat on February 21
Announcements
0blt1 Iranian steel market trend in week 07 2012 - Long products
0blt1 GMS weekly report on Pakistan ship breaking industry for WEEK 07 2012
News And Trends
0blt1 Volatility in pencil ingot market likely to trigger the charge
0blt1 Indian steel price index up by 13 points on February 21
0blt1 Sponge iron prices gain INR 200 at Raipur and Raigarh
0blt1 Rebar TMT QST price movement in India on February 21
0blt1 Steel plate cuttings prices gain INR 200 at Alang on February 21
0blt1 Steel melting scrap price movement on February 21
0blt1 Steel angle prices update on February 21
0blt1 Steel light channel price movement on February 21
0blt1 Pig iron price update on February 21
0blt1 Steel wire rod prices remain flat on February 21
0blt1 Steel joist I Beam prices scenario in major places on February 21
0blt1 Patra Narrow HR steel strips price on February 21
0blt1 HR steel price remain flat on February 21
0blt1 Narrow HR steel plate price movement on February 21
0blt1 Wide steel plate price movement on February 21
0blt1 Pencil ingot prices in upward trend on February 21
0blt1 CR steel price movement on February 21
0blt1 GP steel HDG price fall I Delhi on February 21
0blt1 GC steel HDG price down in Delhi on February 21
Export And Import Levels
0blt1 Italian HRC steel mills a welcome break in Eastern Europe
0blt1 Steel plate prices remain unmoved amidst all round activity in Italy
0blt1 HDG levels improve by EUR 20-30 per tonne in Italy
0blt1 North European steel prices continue strong gains - MEPS
0blt1 Slab prices improve by Euro 20 per tonne in Italy
0blt1 Cold Rolled steel price dip by EUR 20 per tonne in Italy


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Currency Rates
15 Feb, 2012
USD 1.0000
AUD 0.9306
BRL 1.7212
CAD 0.9954
CNY 6.2996
EUR 0.7594
GBP 0.6360
INR 49.2336
JPY 78.4802
RUB 29.9798
ZAR 7.6890
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