Long steel prices in India have been experiencing a gentle breather over the last couple of days. A mild spike in pencil ingot and secluded rally in TMT have warmed the proceedings. Devoid of any change in demand and buying the temperament has cost push factors.

If it is sever power shortage in Mandi over the last 4 days an equally crippling transporters strike in Alang has proved to be the undoing in Ahmedabad.

The ensuing perceived shortage of raw material viz., scrap and pencil ingot has tipped the prices in other regions as well. Market has become highly sensitive to speculation and perceptions in demand deprived state.

Eventually the transitory factors will even out leveling the bumps.

Pencil Ingot

Change is on Dec 6th as compared to 5th Dec 2011
Change is INR per tonne

Rebar (TMT/QST)

Change is on Dec 6th as compared to 5th Dec 2011
Change is INR per tonne

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

(Sourced from www.steelprices-india.com)