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November 20, 2008


Monday Market Monitor - India (WEEK 29) - Mixed trend

Long products
Barring minor deviations, long products in general recovered a bit across all regions

Mumbai

ProductGradeSize11-Jul18-JulChange%
TMTFe 41512mm464094759911902.6%
ANGLGR A65x6481945033621424.4%
CHNLGR A75/100481944997917853.7%
JSTIGR A250x12557713584277141.2%

Price in INR per tonne
Including RD and VAT
Delivery FOT

Delhi
ProductGradeSize11-Jul18-JulChange%
TMTFe 41512mm465924867220804.5%
WRCSWR145.5/6551205616010401.9%
ANGLGR A65x646696471124160.9%
CHNLGR A75/10047736480483120.7%
JSTIGR A250x1254877648568-208-0.4%

Price in INR per tonne
Including RD and VAT
Delivery FOT

Chennai
ProductGradeSize11-Jul18-JulChange%
TMTFe 41512mm490885064815603.2%
WRCSWR145.5/647320478405201.1%
ANGLGR A65x6525205356010402.0%
CHNLGR A75/1005304051480-1560-2.9%

Price in INR per tonne
Including RD and VAT
Delivery FOT

Flat products
Flat products were mixed trend this week.

Mumbai
ProductGradeSize11-Jul18-JulChange%
HRC Tube2.5x125055120556405200.9%
PLTSGRA8x1.55564055120-520-0.9%
PLTSGRB12-20x2.55928056160-3120-5.3%
CRDSK0.63x10006058058760-1820-3.0%
GP100Gms0.46200061000-1000-1.6%
GC100Gms0.636250061500-1000-1.6%

Price in INR per tonne
Including RD and VAT
Delivery FOT

Delhi
ProductGradeSize11-Jul18-JulChange%
HRC Tube2.5x125054080546005201.0%
PLTSGRA8x1.25530405408010402.0%
PLTSGRB12-20x2.55408054080 0.0%
CRDSK0.63x10005512055120 0.0%
GP100Gms0.635928059280 0.0%
GC100Gms0.635876058760 0.0%

Price in INR per tonne
Including RD and VAT
Delivery FOT

Indian steel majors came out with statements on impending price hike in August beginning. Indian government however warned small players and retailers to work with reasonable margins in its fight to control inflation. But it would be very difficult to predict the movement of market prices now due to the situation of government, which will be decided during on Tuesday.

Readers may note that the price levels indicated in this article represent the market fairly and are outlined to give trends only, but could be in variance with some transactions at different levels for smaller volumes etc.

(Sourced from www.steelprices-india.com)