Indian Steel Prices continued its unimpeded slope last week. The Indian Long Product Price Index ILPPI dipped by 52 points, on the contrary the Indian Flat Products Index IFPPI appreciated by 36 points. The overall price index INDSPI declined by 9 points.
| Class | 20-Mar | 27-Mar | Change |
| ILPPI | 6568 | 6516 | -52 |
| IFPPI | 6635 | 6671 | 36 |
| INDSPI | 6599 | 6590 | -9 |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 20-Mar | 27-Mar | Change |
| PI - TMT | 6322 | 6236 | -87 |
| PI - WRC | 7066 | 7061 | -5 |
| PI - Angle | 6233 | 6140 | -93 |
| PI - Channel | 6259 | 6209 | -50 |
| PI - Joist | 5774 | 5701 | -72 |
Flat products
| Category | 20-Mar | 27-Mar | Change |
| PI - Narrow Plates | 6267 | 6285 | 18 |
| PI - Wide Plates | 6683 | 6700 | 17 |
| PI - Hot Rolled | 6436 | 6495 | 58 |
| PI - Cold Rolled | 7254 | 7244 | -10 |
| PI - Galvanized | 6954 | 6954 | 0 |
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Input materials shows divergent trend
Input prices improved in major commercial locations like Mumbai and Mandi backed by slight improvement in international prices by USD 10 per tonne. However it could not sustain the momentum as it declined in Kolkata and Kanpur.
Melting scrap
80:20
HMS
| Location | % | % |
| Chennai | 0 | 0.0% |
| Kandla | 0 | 0.0% |
| Mumbai | 300 | 1.9% |
| Mandi | 267 | 1.4% |
| Kolkata | -577 | -3.1% |
| Kanpur | -178 | -1.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
Alang
| Product | Size | Size | Change | % |
| Ships | Mixed | Mixed | 100 | 0.6% |
| Plate cuttings | 1" | 1" | 300 | 1.7% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
Pencil ingot
| Location | % | % |
| Mumbai | 100 | 0.5% |
| Mandi | -92 | -0.4% |
| Raipur | -355 | -1.7% |
| Kanpur | -444 | -2.0% |
| Kolkata | -288 | -1.2% |
| Ghaziabad | -400 | -1.7% |
| Muzzafarnagar | -89 | -0.4% |
| Ahmedabad | 0 | 0.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
Pig Iron
| Location | % | % |
| Raipur | -400 | -2.3% |
| Kolkata | 0 | 0.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
Sponge iron
| Location | % | % |
| Raipur | -400 | -2.9% |
| Kolkata | -577 | -3.7% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
Long products prices mayhem continues
Market seemed poised for prolonged depressed phase with the noose of recession tightening. There was no respite for the demand propelling segments of the industry in the absence of demand. Abysmally low activity in construction industry belied all hopes of price revival. The situation became all the more ominous with the economy on the verge of deflation (0.27% week ending March 14th 2009) any turnaround seems far fetched. Political uncertainty is not providing any succor either
TMT
Fe 415
12mm
| Location | % | % |
| Chennai | 0 | 0.0% |
| Mumbai | -563 | -2.0% |
| Mandi | 520 | 1.7% |
| Kolkata | -541 | -1.7% |
| Delhi | -324 | -1.0% |
| Kanpur | -1300 | -4.3% |
| Ahmedabad | 0 | 0.0% |
| Indore | -900 | -3.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
WRC
SWR14
5.5/6
| Location | % | % |
| Chennai | 0 | 0.0% |
| Raipur | 0 | 0.0% |
| Kolkata | -481 | -1.6% |
| Delhi | 817 | 2.7% |
| Kanpur | -444 | -1.6% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
ANGL
GR A
65x6
| Location | % | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Mandi | 104 | 0.3% |
| Raipur | -520 | -1.8% |
| Kolkata | -541 | -1.7% |
| Delhi | -520 | -1.7% |
| Kanpur | -1500 | -4.8% |
| Ahmedabad | -113 | -0.4% |
| Indore | -400 | -1.3% |
| Bangalore | -1000 | -3.1% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
CHNL
GR A
75/100
| Location | % | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Mandi | 104 | 0.3% |
| Raipur | -208 | -0.7% |
| Kolkata | 0 | 0.0% |
| Delhi | -520 | -1.6% |
| Kanpur | -400 | -1.3% |
| Ahmedabad | -113 | -0.4% |
| Indore | -400 | -1.3% |
| Bangalore | -1000 | -3.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
JSTI
GR A
250x125
| Location | % | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Mandi | 0 | 0.0% |
| Raipur | -520 | -1.8% |
| Kolkata | -649 | -2.0% |
| Delhi | -520 | -1.6% |
| Kanpur | -500 | -1.6% |
| Ahmedabad | -104 | -0.3% |
| Indore | -400 | -1.2% |
| Bangalore | -1000 | -3.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
HRC prices recover in Mumbai by 3%
The week culminated with marginal improvement in Flat prices. There was demand revival in some pockets in West and Northern India not pointing any sustained market revival. The short term momentum can be imputed primarily to the transitory rush to accumulate stocks before the closure of financial year.
As per market reports some of the West India based Indian HR makers have increased prices by INR 300 per tonne and now the offers are in the range of INR 25,500 per tonne to INR 26,200 per tonne excluding ED and VAT.
The import parity poised unfavorably bookings have already started from Black Sea at unbeatable prices. It is reported that two orders for HRC and CRC of 15000 tonnes and 10000 tonnes respectively have been recently concluded at USD 380 per tonne and USD 430 per tonne on CNF LO Mumbai basis respectively from Ukraine.
HRC
Tube
2.5x1250
| Location | % | % |
| Mumbai | 924 | 3.3% |
| Ludhiana | 924 | 3.2% |
| Kolkata | -444 | -1.6% |
| Delhi | 98 | 0.3% |
| Ahmedabad | 277 | 1.0% |
| Indore | -267 | -0.9% |
| Bangalore | 0 | 0.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
Patra
| Location | % | % |
| Ludhiana | -277 | -1.0% |
| Mandi | -92 | -0.4% |
| Delhi | -381 | -1.4% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
PLTS
GRA
8x1.5
| Location | % | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Kolkata | 0 | 0.0% |
| Delhi | 0 | 0.0% |
| Kanpur | 89 | 0.3% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
PLTS
GRB
12-20x2.5
| Location | % | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Raipur | 0 | 0.0% |
| Kolkata | -178 | -0.6% |
| Delhi | 0 | 0.0% |
| Kanpur | -178 | -0.6% |
| Ahmedabad | -462 | -1.5% |
| Indore | -267 | -0.9% |
| Bangalore | 0 | 0.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
CR
DSK
0.63x1000
| Location | % | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Pune | 0 | 0.0% |
| Kolkata | -711 | -2.2% |
| Delhi | 0 | 0.0% |
| Kanpur | -444 | -1.3% |
| Ahmedabad | 462 | 1.4% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
GC
100Gms
0.4
| Location | % | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Kolkata | -444 | -1.2% |
| Delhi | 739 | 2.0% |
| Kanpur | -355 | -1.0% |
| Bangalore | 0 | 0.0% |
Change is on March 27th 2009 as compared to March 20th 2009
Change is in INR per tonne
Export Levels from India:
Export levels from India remained stable leaving no scope for increment under severe competition from cheaper offers .However PPGI prices saw some correction to align the prices with international levels by some producers.
| Item | Grade | Size | USD | Delivery | Change |
| PLTS | Structural | 12-40x2.5 | 470 | FOB Vizag | 0 |
| HDG | 100Gms | 0.4 | 600 | FOB Mumbai | 0 |
| PPGI | Standard RAL | 0.4 | 750 | FOB Mumbai | 0 |
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