The brief efflorescence in the pencil ingot prices observed on opening of week 15 petered away within couple of days. The brief pyrotechnics shown on Monday raising aspirations one odd revival in rather dreary long product market finally fizzled out
The flurry which had speculation written all over it with futures trading providing the fuel burnt out . The pencil ingot prices have been plummeting over the last 2 days leaving no doubt about the abysmal market conditions at the core.
Sponge Iron
| Location | Change |
| Kolkata | -500 |
| Raipur | -200 |
| Bellary | 0 |
| Raigarh | -200 |
| Rourkela | 100 |
Change is on April 13th as compared to 12th April 2011
In INR per tonne
Pencil Ingot
| Location | Change |
| Mumbai | 0 |
| Chennai | 0 |
| Kolkata | 0 |
| Mandi | 199 |
| Raipur | 0 |
| Alang | -100 |
| Kanpur | 0 |
| Rudrapur | 0 |
| Ahmedabad | 200 |
| Ghaziabad | 0 |
| Muzzafarnagar | -87 |
| Hyderabad | 0 |
| Raigarh | -100 |
| Durgapur | -91 |
| Nagpur | 0 |
| Jamshedpur | 0 |
| Jaipur | -100 |
| Rourkela | -100 |
| Bhiwari | -200 |
| Ludhiana | 91 |
Change is on April 13th as compared to 12th April 2011
In INR per tonne
www.steelprices-india.com 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.
As steel in each category comes in hundreds of grades shapes and sizes, we have taken benchmark products in each category at select locations to cover the entire basket of garden variety of steel products including input material for steel making and processing.
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
Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Base prices or effective, as per market trends
3. Average transaction levels which have settled well, based on continuous interactions with domestic mills, overseas suppliers, importers stockiest & service centers and buyers
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site
The prices are displayed on daily, weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.
In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.
Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.
Subscription charges for 12 months access
| Currency | Single | 2-5 | 6-12 | 13-25 | 26-40 | 40-60 |
| INR | 66,000 | 132,000 | 220,000 | 440,000 | 660,000 | 880,000 |
| USD | 1,650 | 3,300 | 5,500 | 11,000 | 16,500 | 22,000 |
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
(Sourced from www.steelprices-india.com)
