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Monday Market Monitor - India - WEEK 17 - Down trend continues

Steel News - Published on Mon, 30 Apr 2012

The prices of both long and flat steel products in Indian domestic market continued their downward journey for the third consecutive week reflecting serious issues on demand side.

The Indian Long Product Price Index ILPPI continued in downward trends with 47 points last week whereas Indian Flat Products Index IFPPI has also gone down by 9 points. The overall price index INDSPI declined by 29 points.

Class20-Apr27-AprChange%
ILPPI97749727-47-0.5%
IFPPI92179208-9-0.1%
INDSPI95099480-29-0.3%

ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products
Category20-Apr27-AprChange%
PI - TMT1026810158-110-1.1%
PI - WRC97569741-15-0.2%
PI - Angle90509064140.2%
PI - Channel9155915830.0%
PI - Joist8408841790.1%

PI - Product Index

Flat products
Category20-Apr27-AprChange%
PI - Narrow Plates88658850-15-0.2%
PI - Wide Plates91689154-14-0.2%
PI - Hot Rolled90279017-10-0.1%
PI - Cold Rolled98379835-20.0%
PI - Galvanized95869581-5-0.1%

PI - Product Index

These indices have base of 10,000 as on July 1st 2008
To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html

To download a presentation please paste this link in your browser
http://www.steelprices-india.com/uploads/Steel_Price_Index_Presentation.ppt

You can now get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at
http://steelprices-india.com/smsalert

1. Input material

Melting scrap
80:20
HMS
LocationChange
Bangalore0%
Chennai0%
Hyderabad0%
Kandla1%
Kanpur -1%
Kolkata0%
Ludhiana1%
Mandi0%
Mumbai0%
Rudrapur-1%

Change is on Apr 27th as compared to 20th April 2012

Alang
ProductSizeChange
Plate cuttings1\"-0.7%
ShipsMixed-0.4%

Change is on Apr 27th as compared to 20th April 2012

Pencil ingot
LocationChange
Ahmedabad-1%
Alang0%
Bhiwari1%
Chennai0%
Durgapur-1%
Ghaziabad-1%
Hyderabad0%
Jaipur2%
Jamshedpur0%
Kanpur -1%
Kolkata0%
Ludhiana0%
Mandi0%
Mumbai1%
Muzaffarnagar0%
Nagpur0%
Raigarh0%
Raipur 1%
Rourkela0%
Rudrapur-1%

Change is on Apr 27th as compared to 20th April 2012

Pig Iron
LocationChange
Agra0%
Jallandhar0%
Kolkata0%
Ludhiana1%
Raipur 0%

Change is on Apr 27th as compared to 20th April 2012

Sponge iron
LocationChange
Bellary0%
Kolkata0%
Ludhiana1%
Raigarh-2%
Raipur -2%
Rourkela-2%

Change is on Apr 27th as compared to 20th April 2012

2. Long products

Rebar (TMT QST)
Fe 415
12mm
LocationChange
Ahmedabad0%
Bangalore0%
Chennai-7%
Delhi 0%
Indore 0%
Kanpur 0%
Kolkata0%
Ludhiana1%
Mandi0%
Mumbai1%
Muzaffarnagar0%
Raipur -1%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

WRC
SWR14
5.5/6
LocationChange
Chennai0%
Delhi 1%
Kanpur -1%
Kolkata0%
Raipur 0%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

ANGL
Grade A
65x65x6
LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi 1%
Indore-1%
Kanpur -1%
Kolkata0%
Ludhiana0%
Mandi2%
Mumbai0%
Raipur -1%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

CHNL
Grade A
75/40
LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi 1%
Indore-1%
Kanpur -1%
Kolkata0%
Ludhiana0%
Mandi0%
Mumbai0%
Raipur -1%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

JSTI
Grade A
250x125
LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi 1%
Indore-1%
Kanpur 0%
Kolkata0%
Ludhiana0%
Mandi0%
Mumbai0%
Raipur -1%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

3. Flat products

HRC
Tube
2.5x1250
LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi -1%
Indore0%
Kolkata0%
Ludhiana 0%
Mumbai1%

Change is on Apr 27th as compared to 20th April 2012

Patra
LocationChange
Delhi 1%
Ludhiana 2%
Mandi0%

Change is on Apr 27th as compared to 20th April 2012

Plates
Grade A
8x1250/1500
LocationChange
Chennai0%
Delhi -1%
Kanpur 0%
Kolkata0%
Mumbai0%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

Plates
GRADE B
12-20x2500
LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi -1%
Indore0%
Kanpur 0%
Kolkata0%
Mumbai0%
Raipur 0%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

CR
DSK
0.63x1000
LocationChange
Ahmedabad0%
Chennai0%
Delhi 0%
Kanpur 0%
Kolkata0%
Ludhiana0%
Mumbai0%
Pune0%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

GP
100Gms
0.4
LocationChange
Mumbai0%
Chennai0%
Kolkata0%
Delhi0%
Ludhiana0%
Kanpur0%
Rudrapur0%
Bangalore0%

Change is on Apr 27th as compared to 20th April 2012

GC
100Gms
0.4
LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi 1%
Indore-1%
Kanpur -1%
Kolkata0%
Ludhiana0%
Mandi0%
Mumbai0%
Raipur -1%
Rudrapur0%

Change is on Apr 27th as compared to 20th April 2012

If volatility in steel prices is affecting your business, keep tab on market realities and trends by subscribing to www.steelprices-india.com, which is a comprehensive portal that provides domestic pricing information for benchmark steel products in each category at select location in India on a regular basis 5 days a week and international price levels on a weekly basis.

Products covered
1. Input materials - Iron ore, scrap, sponge iron, pig iron pencil ingot, billets and blooms
2. Long products - Rebar, wire rod, angle, channel and joists
3. Flat products - Narrow plates, wide plates, HR, CR and galvanized
4. Others - Pipes

How to subscribe
1. Register at www.steelprices-india.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-india.com.
3. Call at 0091-124-3007891/2/3

Source - Steel Price India

(www.steelguru.com)

Posted By : admin on Mon, 30 Apr 2012
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