There was acceleration in the fall of Indian domestic steel prices in last week. But long products were severely affected, which is reflected in 586 point fall in LPPI during the period. But fall in flat products was nominal. Overall, the Indian Steel Price Index fell by 306 points, as against 201 points in the previous week.
| Class | 14-Aug | 22-Aug | Change |
| LPPI | 9340 | 8754 | -586 |
| FPPI | 10252 | 10218 | -34 |
| ISPI | 9803 | 9497 | -306 |
LPPI – Long Product Price Index
FPPI – Flat Product Price Index
ISPI – Indian Steel Price Index
Long products
| Category | 14-Aug | 22-Aug | Change |
| PI - TMT | 9038 | 8423 | -615 |
| PI - WRC | 9770 | 9165 | -605 |
| PI - Angle | 9076 | 8595 | -481 |
| PI - Channel | 9343 | 8785 | -558 |
| PI - Joist | 8824 | 8398 | -426 |
Flat products
| Category | 14-Aug | 22-Aug | Change |
| PI - Narrow Plates | 10202 | 10283 | 81 |
| PI - Wide Plates | 10504 | 10457 | -46 |
| PI - Hot Rolled | 10224 | 10125 | -100 |
| PI - Cold Rolled | 10488 | 10542 | 55 |
| PI - Galvanized | 9734 | 9760 | 26 |
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Input materials
Iron ore prices remained unchanged at Burwil but sponge iron and scrap prices at some locations went down.
Sponge iron
| Location | Change | % |
| Raipur | -2380 | -9.5% |
| Kolkata | -4000 | -16% |
Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne
Melting scrap
80:20
HMS
| Location | Change | % |
| Kandla | 800 | 2.8% |
| Mandi | -2808 | -8.7% |
| Chennai | -3570 | 13.0% |
| Mumbai | -833 | -2.7% |
| Kolkata | -3000 | -10.7% |
Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne
Plate cutting and ship scarp at Alang also went down as under
| Product | Grade | Change | % |
| Plate cuttings | Rolling | -1309 | -4.7% |
| Ships | Melting | -1309 | -4.3% |
Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne
Pencil ingot
| Location | Change | % |
| Mumbai | -2142 | -5.9% |
| Mandi | -3328 | -8.7% |
| Raipur | -3120 | -8.8% |
| Kolkata | -4000 | -11.9% |
Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne
Long products
TMT
Fe 415
12mm
| Location | Change | % |
| Chennai | -3640 | -7.5% |
| Mumbai | -595 | -1.4% |
| Kolkata | -4100 | -10.2% |
| Delhi | -2860 | -6.4% |
Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne
ANGL
GR A
65x6
| Location | Change | % |
| Chennai | -1872 | -3.8% |
| Mumbai | -1785 | -4.1% |
| Kolkata | -3100 | -7.5% |
| Delhi | -3120 | -7.1% |
Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne
CHNL
GR A
75/100
| Location | Change | % |
| Chennai | -3640 | -7.1% |
| Mumbai | -1785 | -3.9% |
| Kolkata | -3000 | -6.9% |
| Delhi | -2600 | -5.9% |
Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne
WRC
SWR14
5.5/6
| Location | Change | % |
| Chennai | -2600 | -5.6% |
| Kolkata | -4100 | -9.4% |
Change on August 22nd is with respect to prices on August 14th 2008
Change is in INR per tonne
Flat products
Prices for flat products were somewhat stable except for some locations, where regional availability factors resulted in variances
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