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 Price Index
19-Nov
18-Nov
12-Nov
WoW
20-Oct
MoM
19-Nov
YoY
ILPPI
5832
5821
Up
5809
6044
7689
IFPPI
7177
7179
Down
7213
7479
7671
INDSPI
6473
6468
Up
6478
6728
7681
19-Nov
18-Nov
12-Nov
WoW
20-Oct
MoM
19-Nov
YoY
CLPPI
5875
5867
Up
5926
5722
5963
CFPPI
5998
5988
Up
5930
5639
4745
CHISPI
5945
5939
Up
5929
5675
5273
17-Nov
16-Nov
10-Nov
WoW
18-Oct
MoM
17-Nov
YoY
MLPPI
3600
3600
Same
3600
3695
4877
MFPPI
5061
5061
Same
5061
5214
6867
MEASPI
4042
4042
Same
4042
4155
5480
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Indian long product prices have hit the bottom
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Saturday, 21 Nov, 2009
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JFE Steel and JSW Steel form alliance

JFE Steel Corporation and JSW Steel Ltd have bonded together in a historic collaboration agreement. The two companies signed the agreement on the November 19th 2009 in Mumbai. This collaboration agreement provides an ideal platform for both the steel companies to come together and leverage each others strength to their mutual benefit.

It may be recalled that JSW Steel is expanding its production capacity to 11 million tonne per annum by 2011 from the current levels of 7.8 million tonne per annum and is the largest private integrated steel manufacturer in India based on installed capacity.

The company achieved a significant volume growth of 54% in crude steel production and 74% in saleable steel during the second quarter of FY 09 10. JSW is poised to become a major player in the value added segment of products. Its extra wide state of the art Hot Strip mill will be ready by March 2010. The company has plans to expand its capacity to 32 million ton per annum by 2020 by setting up Greenfield projects of 10 million ton per annum each in Jharkhand and West Bengal.

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Image001-16-11-2009
Burj Dubai surpasses all

Featured Article

The CN Tower in Toronto, Ontario was the world's tallest freestanding structure on land from 1975 until Burj Dubai surpassed it in 2007. Rising 553.33 meters (1,815 ft), it is currently the world's tallest completed freestanding structure on land. The tallest man made structure is Burj Dubai, a skyscraper under construction in Dubai that reached 818 m (2,684 ft) in height on 17 January 2009. By 7 April 2008 it had been built higher than the KVLY-TV mast in North Dakota, USA, which is still the tallest completed structure at 628.8 meters (2,063 ft).

Interviews and views
Iron ore mines should be with Steel Ministry

Mr Virbhadra Singh union steel minister during an interview with Ms Sreelatha Menon of Business Standard, while addressing several iron ore mining issues effecting the development of Indian steel industry asserted that after mines are exhausted, the land should be returned to the original owners.

The steel and mining related portion of the interview is as under

Q - Why were steel and mining split into separate portfolios?

A - It is the prerogative of the government. I feel, for administrative reasons, making these one will facilitate decision-making. At least iron ore mines should be with the steel ministry.

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Iron ore mines should be with Steel Ministry_html_m3f3ffc37-ca2c6ec2be-1258385900
Mr Virbhadra Singh
Union Steel Minister
India
 
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 Currency Rate
20 Nov, 2009
USD
1.0000
AUD
1.0917
BRL
1.7280
CAD
1.0662
CNY
6.8304
EUR
0.6718
GBP
0.6018
INR
46.3800
JPY
88.8915
RUB
28.7907
ZAR
7.5554
Source: http://www.xe.com

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 Metal Rates
19 Nov, 2009
Zn
2204
Ni
16900
Sn
15050
Al
2002
Cu
6760
Source: LME.co.uk
 
 Baltic Dry Index
19 Nov, 2009
BDI
4661
BCI
4661
BPI
4453
BSI
2472
Source: DryShips.com
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