|
Price Index
02-Nov
30-Oct
26-Oct WoW
06-Oct MoM
03-Nov YoY
ILPPI
5956
5958
6006
6198
6913
IFPPI
7365
7365
7396
7527
8495
INDSPI
6627
6628
6668
6831
7667
02-Nov
30-Oct
26-Oct WoW
14-Oct MoM
03-Nov YoY
CLPPI
5809
5779
5751
5642
6449
CFPPI
5775
5775
5750
5591
5287
CHISPI
5790
5777
5750
5613
5790
05-Oct
04-Oct
29-Sep WoW
06-Sep MoM
06-Oct YoY
MLPPI
3807
3807
3807
3825
6929
MFPPI
5250
5250
5250
5253
9005
MEASPI
4244
4244
4244
4258
7558
Poll Result
This text is replaced by the chart.
| |
Wednesday, 04 Nov, 2009
Indian flat product prices bulks under import threat and static demand
The long awaited price adjustment in flat products finally unraveled as the Indian mills came to terms with the near dead domestic demand and threat of import from China, Ukraine and Russia.
It is learnt from market sources that HRC and CRC prices have been cut by INR 1500 per tonne whereas HDG prices have been reduced by INR 1000 per tonne from the October levels.
However, the gap between import offers and domestic levels continues to exist. The import offers from China are at USD 505 per tonne to USD 510 per tonne CNF India translate to INR 25,400 per tonne to INR 26,000 per tonne after considering import taxes and expenses as against new domestic level of about INR 29,500 per tonne landed at Mumbai net of ED and VAT (On like to like basis).
The strengthening of USD to INR had negated the reduction in Indian domestic prices to some extant and despite the cut the gap has reduced to INR 4,000 per tonne from last months level of INR 5,000.
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service
(Sourced from www.steelprices-india.com)

A riveting story
|
Featured Article
In Weak Rivets, a Possible Key to Titanic’s Doom The RMS Titanic was an Olympic-class passenger liner owned by the White Star Line and built at the Harland and Wolff shipyard in Belfast, Ireland, United Kingdom. For her time, she was the largest passenger steamship in the world. On the night of 14 April 1912, during her maiden voyage, Titanic hit an iceberg and sank two hours and forty minutes later, early on 15 April 1912.
|
|
|
Interviews and views
PSL Holdings upbeat on strong pipe order book
|
In an interview with CNBC-TV18, Mr Ashok Punj, MD of PSL Holdings Limited spoke about the results and his outlook for the company. Here is a verbatim transcript of the exclusive interview with Mr Ashok Punj on CNBC-TV18. Also watch the accompanying video. Q - Can you take us through your numbers?
A- We did a topline of INR 606 crore, last year it was INR 661 crore and the net profit was INR 21.58 crore against the previous year's quarter number of INR 21.61 crore.
Read More
|
Mr Ashok Punj
MD
PSL Holdings Limited
|
|
|
|
Upcoming Events
- CII Steel Sumiit 2009 (04 Nov, 2009 - 04 Nov, 2009)
- China Steel Summit 2009 (12 Nov, 2009 - 13 Nov, 2009)
- CRU 12th World Stainless Steel Conference (22 Nov, 2009 - 24 Nov, 2009)
- National Expo & International Conference- Steel & Power (25 Dec, 2009 - 27 Dec, 2009)
- Stainless Steel Fair (16 Jan, 2010 - 19 Jan, 2010)
|
|
Latest Reports
|
| |
Tips to use steelguru.com services effectively - Contributing stories, news and press releases |
The contribution of stories, news and other information from our readers makes us stand apart. In fact we consider your support in this matter rather invaluable. You can send us news articles & press releases of your company. Details of any major order bagged, performance updates, progress of projects, product development or any other initiative etc are also welcome. The mail, along with articles or releases, can be sent to research@steelguru.com You can view other tips at http://www.steelguru.com/tips |
 |
More about Steelguru |
|
|
|
|
|
| |
Monday Market Monitor
Currency Rate
03 Nov, 2009
USD 1.0000 AUD 1.1002 BRL 1.7660 CAD 1.0759 CNY 6.8278 EUR 0.6758 GBP 0.6099 INR 46.8000 JPY 90.3446 RUB 29.2450 ZAR 7.9323 Source: http://www.xe.com
Metal Rates
02 Nov, 2009 Zn 2144 Ni 18165 Sn 14850 Al 1868 Cu 6472 Source: LME.co.uk
Baltic Dry Index
02 Nov, 2009 BDI 3185 BCI 5256 BPI 3210 BSI 1813 Source: DryShips.com
|