SteelPrices - India

Announcements

Long product prices decline at Mandi, Kanpur and Mumbai - 20 Nov, 2008

The long prices showed overall stability but declined in isolated pockets like Mumbai, Mandi, Bangalore and Kanpur ominously indicative of the imminent downslide in domestic market. Although it would be too early to predict a sustained decline:

Kolkata

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	0	0.0%
WRC	SWR14	5.5/6	0	0.0%
CHNL	GR A	75/100	0	0.0%
JSTI	GR A	250x125	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Delhi

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	0	0.0%
WRC	SWR14	5.5/6	0	0.0%
CHNL	GR A	75/100	0	0.0%
JSTI	GR A	250x125	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Chennai

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	-104	-0.3%
WRC	SWR14	5.5/6	0	0.0%
CHNL	GR A	75/100	0	0.0%
JSTI	GR A	250x125	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Mumbai

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	-1190	-3.2%
ANGL	GR A	65x6	-1190	-3.2%
CHNL	GR A	75/100	-1190	-3.2%
JSTI	GR A	250x125	-1190	-3.1%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Ahmedabad

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	0	0.0%
ANGL	GR A	65x6	-312	-0.9%
JSTI	GR A	250x125	0	0.0%
CHNL	GR A	75/100	1040	3.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Kanpur

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	-500	-1.4%
ANGL	GR A	65x6	-300	-0.8%
JSTI	GR A	250x125	-1000	-2.6%
WRC	SWR14	5.5/6	-252	-0.8%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Indore

Item	Grade	Size	Change	%
TMT	Fe 415	12mm	0	0.0%
ANGL	GR A	65x6	0	0.0%
JSTI	GR A	250x125	0	0.0%
CHNL	GR A	75/100	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Raipur

Item	Grade	Size	Change	%
ANGL	GR A	65x6	0	0.0%
JSTI	GR A	250x125	0	0.0%
WRC	SWR14	5.5/6	0	0.0%
CHNL	GR A	75/100	0	0.0%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Mandi

Item	Grade	Size	Change	%
ANGL	GR A	65x6	-1040	-2.7%
CHNL	GR A	75/100	-1040	-2.7%
JSTI	GR A	250x125	-416	-1.1%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

Bangalore

Category	Grade	Size	Change	%
ANGL	GR A	65x6	2000	5.5%
JSTI	GR A	250x125	0	0.0%
CHNL	GR A	75/100	1000	2.7%

Change is on November 19th as compared to November18th 2008
Change is in INR per tonne

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	Oil closing on to USD 50 on Gaza and Russia gas tussle
	US local rebar demand in downward trends
	Nickel shot up to USD 13,000 per tonne at LME
	Korean steelmakers to export CR products at low prices
	Oil closing on to USD 50 on Gaza and Russia gas tussle
	US local rebar demand in downward trends
	Nickel shot up to USD 13,000 per tonne at LME
	Korean steelmakers to export CR products at low prices

Announcements
	Feng Hsin raised rebar prices by TWD 500 per tonne
	AK Steel surcharge for electrical steel
	Indian domestic steel price index stable
	Chinese steel market starts New Year with price rally
	Indian long product prices shows improvement in West
	International coal price tends stable on rising crude price
	Indian flat products prices remain stable
	Scrap and ingot prices improve at some locations in India
	Feng Hsin raised rebar prices by TWD 500 per tonne
	AK Steel surcharge for electrical steel
	Indian domestic steel price index stable
	Chinese steel market starts New Year with price rally
	Indian long product prices shows improvement in West
	International coal price tends stable on rising crude price
	Indian flat products prices remain stable
	Scrap and ingot prices improve at some locations in India
	Feng Hsin raised rebar prices by TWD 500 per tonne
	AK Steel surcharge for electrical steel
	Indian domestic steel price index stable
	Chinese steel market starts New Year with price rally
	Indian long product prices shows improvement in West
	International coal price tends stable on rising crude price
	Indian flat products prices remain stable
	Scrap and ingot prices improve at some locations in India

News And Trends
	Indian iron ore spot prices decline last week
	Indian iron ore spot prices decline last week
	Indian iron ore spot prices decline last week

Export And Import Levels
	Newcastle thermal coal price down by 1.7%
	Chinese steel export prospects remain bleak in 2009
	Newcastle thermal coal price down by 1.7%
	Chinese steel export prospects remain bleak in 2009
	Newcastle thermal coal price down by 1.7%
	Chinese steel export prospects remain bleak in 2009

Trade Issues
	Major initiatives taken by Indian steel ministry
	China eliminates nickel from catalogue of forbidden products
	Mr Wen plans to help auto and steel industries
	Ukraine to keep railway tariffs for industries unchanged
	China to resume tax-free policy on copper, nickel, aluminium
	Major initiatives taken by Indian steel ministry
	China eliminates nickel from catalogue of forbidden products
	Mr Wen plans to help auto and steel industries
	Ukraine to keep railway tariffs for industries unchanged
	China to resume tax-free policy on copper, nickel, aluminium
	Major initiatives taken by Indian steel ministry
	China eliminates nickel from catalogue of forbidden products
	Mr Wen plans to help auto and steel industries
	Ukraine to keep railway tariffs for industries unchanged
	China to resume tax-free policy on copper, nickel, aluminium