Indian domestic steel prices exhibited mixed sentiments last week. The Indian Long Product Price Index ILPPI increased by 23 points whereas Indian Flat Products Index IFPPI dipped by 68 points, slower than WEEK 45. The overall price index INDSPI decreased by 20 points. In other words Indian steel market showed weaker sentiments last week as compared to previous week when INDSPI slid by 10 points only.
| Class | 27-Nov | 04-Dec | Change | % |
| ILPPI | 5838 | 5860 | 23 | 0.4% |
| IFPPI | 7153 | 7085 | -68 | -0.9% |
| INDSPI | 6464 | 6444 | -20 | -0.3% |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 27-Nov | 04-Dec | Change | % |
| PI - TMT | 5539 | 5557 | 17 | 0.3% |
| PI - WRC | 6356 | 6387 | 31 | 0.5% |
| PI - Angle | 5510 | 5537 | 28 | 0.5% |
| PI - Channel | 5536 | 5554 | 18 | 0.3% |
| PI - Joist | 5219 | 5223 | 5 | 0.1% |
PI - Product Index
Flat products
| Category | 27-Nov | 04-Dec | Change | % |
| PI - Narrow Plates | 6846 | 6757 | -88 | -1.3% |
| PI - Wide Plates | 6965 | 6896 | -69 | -1.0% |
| PI - Hot Rolled | 6989 | 6916 | -73 | -1.0% |
| PI - Cold Rolled | 7724 | 7663 | -62 | -0.8% |
| PI - Galvanized | 7580 | 7563 | -17 | -0.2% |
PI - Product Index
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1. Input material - Hope of recovery
Melting scrap
80:20
HMS
| Location | Change |
| Chennai | 3% |
| Kandla | -1% |
| Kanpur | -1% |
| Kolkata | 1% |
| Mandi | 1% |
| Mumbai | -1% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
Alang
| Product | Size | Change |
| Plate cuttings | 1" | 5% |
| Ships | Mixed | 2% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
Pencil ingot
| Location | Change |
| Ahmedabad | 1% |
| Bhiwari | 2% |
| Durgapur | 0% |
| Ghaziabad | 0% |
| Hyderabad | 4% |
| Jaipur | 2% |
| Jamshedpur | 0% |
| Kanpur | 0% |
| Kolkata | 1% |
| Mandi | 1% |
| Mumbai | -1% |
| Muzzafarnagar | 1% |
| Nagpur | -1% |
| Raigarh | 2% |
| Raipur | 1% |
| Rourkela | 1% |
| Rudrapur | 0% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
Pig Iron
| Location | Change |
| Agra | -2% |
| Jallandhar | -1% |
| Kolkata | -3% |
| Raipur | -2% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
Sponge iron
| Location | Change |
| Bellary | 2% |
| Kolkata | 0% |
| Raigarh | 3% |
| Raipur | 3% |
| Rourkela | 0% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
2. Long products - Revival continues
TMT
Fe 415
12mm
| Location | Change |
| Ahmedabad | 1% |
| Chennai | 3% |
| Delhi | -2% |
| Indore | 3% |
| Kanpur | 0% |
| Kolkata | -1% |
| Mandi | -1% |
| Mumbai | -1% |
| Raipur | 1% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
WRC
SWR14
5.5/6
| Location | Change |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 0% |
| Kolkata | 0% |
| Raipur | 2% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
ANGL
Grade A
65X65X6
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 2% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mandi | 0% |
| Mumbai | -1% |
| Raipur | 2% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
CNHL
Grade A
75/40
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 1% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mandi | 0% |
| Mumbai | -1% |
| Raipur | 2% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
JSTI
Grade A
250X125
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 1% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kanpur | -1% |
| Kolkata | 0% |
| Mandi | -1% |
| Mumbai | -1% |
| Raipur | 2% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
3. Flat products - Southward march continues
The effect of NR 300 per tonne to INR 500 per tonne price cut on December 1st 2009 by SAIL was reflected at some of the location
HRC
Tube
2.5x1250
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Delhi | -1% |
| Indore | -1% |
| Kolkata | -3% |
| Ludhiana | -1% |
| Mumbai | 0% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
Patra
| Location | Change |
| Delhi | 0% |
| Ludhiana | -2% |
| Mandi | -1% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
Plates
Grade A
8X1250/1500
| Location | Change |
| Chennai | 0% |
| Delhi | -2% |
| Kanpur | -2% |
| Kolkata | -4% |
| Mumbai | 0% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
Plates
GRADE B
12-20X2500
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | -4% |
| Indore | 0% |
| Kanpur | -1% |
| Kolkata | -2% |
| Mumbai | 0% |
| Raipur | 1% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
CR
DSK
0.63x1000
| Location | Change |
| Ahmedabad | -1% |
| Chennai | 0% |
| Delhi | -1% |
| Kanpur | -1% |
| Kolkata | -2% |
| Mumbai | 0% |
| Pune | 0% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
GC
100Gms
0.4
| Location | Change |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | -1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 0% |
Change is on December 4th as compared to November 27th 2009
Change is in INR per tonne
4. Indian Export Levels - Lull prevails
No change was reported in the export offers was reported last week
| Item | Grade | Size | Delivery | Change |
| HDG | 100Gms | 0.4 | FOB Mumbai | 0 |
| HDG | 100Gms | 0.58 | FOB Mumbai | 0 |
| HDG | 275Gms | 0.75 | FOB Mumbai | 0 |
| PLTS | Structural | 12-40x2.5 | FOB Vizag | 0 |
| PPGI | Standard RAL | 0.4 | FOB Mumbai | 0 |
Change is on December 4th as compared to November 27th 2009
Change is in USD per tonne
Indian Import Levels - On upswing
Chinese HRC offers went up to USD 540 per tonne CFR levels last week. The offers are expected to move up further with ArcelorMittal announcing 5% increase.
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