Announcements
Nippon Steel offers USD 100 HRC hike for Korean re rollers - 27 Aug, 2008
JMB reported that Nippon Steel has started the hot rolled coil export price negotiation to offer USD 100 per tonne hike for South Korean re rollers for October to December 2008 shipment.

Nippon Steel informed that it halves the shipment compared with regular volume when the firm should build steel inventory preparing for blast furnace relining at Oita works under limited steel source after fire accident at coke plant in Yawata works in July 2008.

Today's News
Clips
0blt1 Japanese stainless output down in September
0blt1 Chinese steel import applications to Europe stay high in October
Announcements
0blt1 Indian domestic steel prices resume downward movement
0blt1 Long product prices decline at Mandi, Kanpur and Mumbai
0blt1 Flat products prices show truce
0blt1 Pencil ingot prices dip at major locations
0blt1 Chinese steel price to dip further in short term - MoC
0blt1 CSN may cut steel prices 5% in 2009
News And Trends
0blt1 Chinese CRC export price tends to level off
0blt1 TISCO cuts stainless steel export price by USD 750 per tonne
0blt1 Japanese SS mills pending price negotiation with Asian buyers
Export And Import Levels
0blt1 Steel export shrinks to 379, 000 tonnes in October
0blt1 Iron Ore prices may halve in 2009 on slump
Trade Issues
0blt1 US slaps duties on China welded steel pipes
0blt1 Indian forging industry opposes import duty on steel
Round_corner2
Price Index - India
  Nov-19 Nov-18
ILPPI 7689 7719 Down
IFPPI 7671 7726 Down
INDSPI 7681 7722 Down
What is it?
Currency Rates
20 Nov, 2008
USD 1.0000
AUD 1.5428
BRL 2.3556
CAD 1.2345
CNY 6.8195
EUR 0.7919
GBP 0.6664
INR 50.2743
JPY 96.6727
RUB 27.4671
ZAR 10.2837
Source: OANDA.com
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