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| BDI downward trend continues on January 23 2012 - 24 Jan, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||
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It is reported that on January 23rd 2012, Baltic Dry Index reached 841 points, down by 21 points as compared to January 20th 2012. Capsize
All except INDEX in USD Change is with respect to numbers on January 20th 2012 Panamax
All except INDEX in USD Change is with respect to numbers on January 20th 2012 Supramax
All except INDEX in USD Change is with respect to numbers on January 20th 2012 Spot 4 TC Average = Average Value of the Four Main Shipping Routes BDI = Weighted Composite Index of BCI/BPI/BHMI To keep tab on steel prices in India on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com. Please note that this is a paid service. (Sourced from www.steelprices-india.com) Tokyo Steel to keep prices unchanged for February shipment Reuters reported that Tokyo Steel Manufacturing Co would keep prices unchanged in February 2012, seeking to stem an inflow of cheaper imports, but added that the market shows signs of improvement on growing reconstruction demand. Its pricing strategy is closely watched by Asian rivals like Hyundai Steel, POSCO and Baosteel, which have ramped up capacity, aiming to take advantage of their weaker currencies to boost exports to Japan. Mr Kiyoshi Imamura, marketing director at Tokyo Steel, said that "We hope to raise prices but the current yen rate and a potential rise in imports make it difficult to do so." The company is hoping that China will ease its lending policy after the Lunar New Year break, stimulating steel demand. Mr Imamura said that in Japan, demand for construction steel has picked up since late last month on rebuilding of Japan's northeast that was devastated by massive earthquake and tsunami in March 2011. (Sourced from www.reuters.com) Tokyo Steel cuts scrap purchase prices by JPY 500 at 5 works Japan's largest electric steelmaker Tokyo Steel Mfg Co has reduced what the company pays for locally available ferrous scrap by a uniform JPY 500 per tonne for all grades at its five works, effective with January 18th 2012 arrivals. As a result, the new delivered prices of No2 HMS are JPY 31,500 per tonne for seaborne overland arrivals at the Okayama works JPY 32,000 per tonne for the corresponding arrivals at the Kyushu works JPY 30,500 per tonne for the corresponding arrivals at the Takamatsu works JPY 31,000 per tonne for the corresponding arrivals at the Tahara works JPY 32,000 per tonne for overland arrivals at the Utsunomiya works (Sourced from TEX Report Limited) | |||||||||||||||||||||||||||||||||||||||||||||||
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| Announcements | ||
 | Iranian steel market trend in week 07 2012 - Long products | |
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| GMS weekly report on Pakistan ship breaking industry for WEEK 07 2012 | |
