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Price Index
07-Feb
06-Feb
31-Jan
WoW
09-Jan
MoM
07-Feb
YoY
ILPPI
9066
9070
9056
9078
8046
IFPPI
8911
8911
8886
8855
9000
INDSPI
8992
8994
8975
8972
8500
07-Feb
06-Feb
31-Jan
WoW
09-Jan
MoM
11-Feb
YoY
CLPPI
7548
7560
7578
7626
7607
CFPPI
6716
6716
6721
6720
7708
CHISPI
7076
7082
7092
7112
7664
19-Jan
12-Jan
05-Jan
WoW
15-Dec
MoM
13-Jan
YoY
MLPPI
5065
5065
5065
4999
5096
MFPPI
5994
5994
5994
6016
6192
MEASPI
5346
5346
5346
5307
5428
SteelTalks

Rally in Indian Rupee and declining international prices caused a complete reversal of fortunes for Indian mills. Nearly 6% appreciation in INR over the last 3 weeks has dealt blow to the export competitiveness of Indian mills.

In radical shift from December wherein Indian mills had been basking with insulation of severely browbeaten INR. Immense security had prompted them to hike prices in the domestic market over the last couple months by almost INR 1500 per tonne in HRC prices despite slow abject demand.

Return of confidence in Indian Rupee pulled the rug from the Indian flat product manufacturers. The import parity heavily at odds with the domestic levels February might be the penultimate month of frolic. Domestic HRC retail levels at INR 37900 per tonne

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Metal Rate
07 Feb, 2012
Zn
2081
Ni
21295
Sn
24200
Al
2172
Cu
8335
Source: LME.co.uk
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NEWS ARCHIVE

There was a time when building skyscrapers with steel as the main structural element was core to constructing tall ... Read More

ThyssenKrupp new CEO takes over in tumultuous times
Mr Christian Dohr
MD - ThyssenKrupp

As managing director for ThyssenKrupp AG's tailored blanks division, Mr Christian Dohr helped grow the business from ...Read More

Weekly Poll
Steel scrap prices to rise again on collection constraints due to cold weather
Yes
No
Can't Say
Baltic Dry Index
07 Feb, 2012
BDI
660
BCI
1444
BPI
770
BSI
607
Source: DryShips.com
Currency Rate
08 Feb, 2012
USD
1.0000
AUD
0.9268
BRL
1.7263
CAD
0.9958
CNY
6.2954
EUR
0.7550
GBP
0.6292
INR
49.1610
JPY
77.0358
RUB
29.8225
ZAR
7.5778
Source: http://www.xe.com
 
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