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| BDI further dropped by 34 points on January 24 2012 - 25 Jan, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||
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It is reported that on January 24th 2012, Baltic Dry Index reached 807 points, down by 34 points as compared to January 23rd 2012. Capsize
All except INDEX in USD Change is with respect to numbers on January 23rd 2012 Panamax
All except INDEX in USD Change is with respect to numbers on January 23rd 2012 Supramax
All except INDEX in USD Change is with respect to numbers on January 23rd 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) Japanese steel dealers trying to improve reselling prices JMB reported that Japanese steel dealers are trying to improve reselling prices when Tokyo Steel Manufacturing, Japanese largest electric furnace steel maker, set its steel product selling prices unchanged for February contracts. Steel sheet dealers around Tokyo said market price of hot rolled steel sheet is totally weak for both imports and domestic integrated steels' products. Another dealer suggested reselling volume is stable but price competition is very severe. Dealers are presently forced to reduce losses or offer low prices against second and third dealers. Steel plate dealers showed weak reactions against Tokyo Steel's latest price announcement. Market price of imported plate has already declined to the level as low as Tokyo Steel's price at JPY 65,000 per tonne. Price gap is only JPY 10,000 between Tokyo Steel's and domestic integrated steels. Steel plate shipment seems slightly recovering for large building projects around Tokyo while maintains slow for small and middle class dealers. Plate dealers are minimizing orders to steel makers including Tokyo Steel. H beam dealer source said they aim to raise the market bottom price since dealers have failed to pass Tokyo Steel's previous price hike on the reselling price fully. Order volumes for H beam dealers maintain low. H beam market price is JPY 73,000 to JPY 75,000 per tonne for base size around Tokyo. Dealers can't gain profits enough when Tokyo Steel' price announcement is JPY 71,000. H beam users strongly require price cut against dealers. Meanwhile, demand upturn is expected for reconstructions in the disaster areas of the Grate East Japan Earthquake. Rebar market price is JPY 57,000 to JPY 60,000 around Tokyo. One dealer source said the market price would not be affected so much by Tokyo Steel's latest price announcement. Rebar makers are offering price hike though ferrous scrap cost is lowering. Rebar dealers aim to fix the market mid price level at JPY 60,000. (Sourced from www.japanmetalbulletin.com) | |||||||||||||||||||||||||||||||||||||||||||||||
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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 | |
