Announcements
JFE Steel hikes chrome seamless pipe price by USD 300 per tonne - 27 Aug, 2008
JFE Steel settled the price negotiation with US oil companies and distributors to increase the 13% chrome seamless steel pipe price by USD 300 per tonne for October to November 2008 shipment from July to September 2008.

JFE Steel decided to seek additional USD 300 hike for shipment in and after December, which represents total USD 1,200 hike since April 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
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Price Index - India
  Nov-19 Nov-18
ILPPI 7689 7719 Down
IFPPI 7671 7726 Down
INDSPI 7681 7722 Down
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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