News & Trends
Monday Market Monitor - India (WEEK 34) - Long products down - 25 Aug, 2008
There was acceleration in the fall of Indian domestic steel prices in last week. But long products were severely affected, which is reflected in 586 point fall in LPPI during the period. But fall in flat products was nominal. Overall, the Indian Steel Price Index fell by 306 points, as against 201 points in the previous week.

Class14-Aug22-AugChange
LPPI93408754-586
FPPI1025210218-34
ISPI98039497-306

LPPI - Long Product Price Index
FPPI - Flat Product Price Index
ISPI - Indian Steel Price Index



Long products
Category14-Aug22-AugChange
PI - TMT90388423-615
PI - WRC97709165-605
PI - Angle90768595-481
PI - Channel93438785-558
PI - Joist88248398-426


Flat products
Category14-Aug22-AugChange
PI - Narrow Plates102021028381
PI - Wide Plates1050410457-46
PI - Hot Rolled1022410125-100
PI - Cold Rolled104881054255
PI - Galvanized9734976026


To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html

Input materials

Iron ore prices remained unchanged at Burwil but sponge iron and scrap prices at some locations went down.

Sponge iron
LocationChange%
Raipur-2380-9.5%
Kolkata-4000-16.0%

Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne

Melting scrap
80:20
HMS
LocationChange%
Kandla8002.8%
Mandi-2808-8.7%
Chennai-357013.0%
Mumbai-833-2.7%
Kolkata-3000-10.7%

Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne

Plate cutting and ship scarp at Alang also went down as under
ProductGradeChange%
Plate cuttingsRolling-1309-4.7%
ShipsMelting-1309-4.3%

Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne

Pencil ingot
Location Change%
Mumbai-2142-5.9%
Mandi-3328-8.7%
Raipur -3120-8.8%
Kolkata-4000-11.9%

Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne

Long products

TMT
Fe 415
12mm
LocationChange%
Chennai-3640-7.5%
Mumbai-595-1.4%
Kolkata-4100-10.2%
Delhi-2860-6.4%

Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne

ANGL
GR A
65x6
LocationChange%
Chennai-1872-3.8%
Mumbai-1785-4.1%
Kolkata-3100-7.5%
Delhi -3120-7.1%

Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne

CHNL
GR A
75/100
LocationChange%
Chennai-3640-7.1%
Mumbai-1785-3.9%
Kolkata-3000-6.9%
Delhi-2600-5.9%

Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne

WRC
SWR14
5.5/6
LocationChange%
Chennai-2600-5.6%
Kolkata-4100-9.4%

Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne

Flat products

Prices for flat products were somewhat stable except for some locations, where regional availability factors resulted in variances

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Today's News
Clips
0blt1 Oil closing on to USD 50 on Gaza and Russia gas tussle
0blt1 US local rebar demand in downward trends
0blt1 Nickel shot up to USD 13,000 per tonne at LME
0blt1 Korean steelmakers to export CR products at low prices
0blt1 Oil closing on to USD 50 on Gaza and Russia gas tussle
0blt1 US local rebar demand in downward trends
0blt1 Nickel shot up to USD 13,000 per tonne at LME
0blt1 Korean steelmakers to export CR products at low prices
0blt1 Oil closing on to USD 50 on Gaza and Russia gas tussle
0blt1 US local rebar demand in downward trends
0blt1 Nickel shot up to USD 13,000 per tonne at LME
0blt1 Korean steelmakers to export CR products at low prices
Announcements
0blt1 Feng Hsin raised rebar prices by TWD 500 per tonne
0blt1 AK Steel surcharge for electrical steel
0blt1 Indian domestic steel price index stable
0blt1 Chinese steel market starts New Year with price rally
0blt1 Indian long product prices shows improvement in West
0blt1 International coal price tends stable on rising crude price
0blt1 Indian flat products prices remain stable
0blt1 Scrap and ingot prices improve at some locations in India
0blt1 Feng Hsin raised rebar prices by TWD 500 per tonne
0blt1 AK Steel surcharge for electrical steel
0blt1 Indian domestic steel price index stable
0blt1 Chinese steel market starts New Year with price rally
0blt1 Indian long product prices shows improvement in West
0blt1 International coal price tends stable on rising crude price
0blt1 Indian flat products prices remain stable
0blt1 Scrap and ingot prices improve at some locations in India
0blt1 Feng Hsin raised rebar prices by TWD 500 per tonne
0blt1 AK Steel surcharge for electrical steel
0blt1 Indian domestic steel price index stable
0blt1 Chinese steel market starts New Year with price rally
0blt1 Indian long product prices shows improvement in West
0blt1 International coal price tends stable on rising crude price
0blt1 Indian flat products prices remain stable
0blt1 Scrap and ingot prices improve at some locations in India
News And Trends
0blt1 Indian iron ore spot prices decline last week
0blt1 Indian iron ore spot prices decline last week
0blt1 Indian iron ore spot prices decline last week
Export And Import Levels
0blt1 Newcastle thermal coal price down by 1.7%
0blt1 Chinese steel export prospects remain bleak in 2009
0blt1 Newcastle thermal coal price down by 1.7%
0blt1 Chinese steel export prospects remain bleak in 2009
0blt1 Newcastle thermal coal price down by 1.7%
0blt1 Chinese steel export prospects remain bleak in 2009
Trade Issues
0blt1 Major initiatives taken by Indian steel ministry
0blt1 China eliminates nickel from catalogue of forbidden products
0blt1 Mr Wen plans to help auto and steel industries
0blt1 Ukraine to keep railway tariffs for industries unchanged
0blt1 China to resume tax-free policy on copper, nickel, aluminium
0blt1 Major initiatives taken by Indian steel ministry
0blt1 China eliminates nickel from catalogue of forbidden products
0blt1 Mr Wen plans to help auto and steel industries
0blt1 Ukraine to keep railway tariffs for industries unchanged
0blt1 China to resume tax-free policy on copper, nickel, aluminium
0blt1 Major initiatives taken by Indian steel ministry
0blt1 China eliminates nickel from catalogue of forbidden products
0blt1 Mr Wen plans to help auto and steel industries
0blt1 Ukraine to keep railway tariffs for industries unchanged
0blt1 China to resume tax-free policy on copper, nickel, aluminium
Round_corner2
Price Index - India
  Jan-06 Jan-05
ILPPI 7098 7130 Down
IFPPI 6798 6784 Up
INDSPI 6955 6965 Down
Currency Rates
06 Jan, 2009
USD 1.0000
AUD 1.4031
BRL 2.2930
CAD 1.2062
CNY 6.8210
EUR 0.7270
GBP 0.6876
INR 48.9445
JPY 92.6172
RUB 29.0807
ZAR 9.3662
Source: OANDA.com
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