Monday Market Monitor - India (WEEK 5) - Longs show massive slide
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Monday, 02 Feb 2009
Indian long products exhibited major decline last week. The ILPPI fell by 129 points, whereas the fall in flat products was less pronounced by 41 points. The overall price index INDSPI) plummeted by 87 points:
| Class | 23-Jan | 29-Jan | Change |
| ILPPI | 6772 | 6643 | -129 |
| IFPPI | 6666 | 6625 | -41 |
| IDSPI | 6721 | 6634 | -87 |
ILPPI – Indian Long Product Price Index
IFPPI – Indian Flat Product Price Index
INDSPI – Indian Steel Price Index
Long Products:
| Category | 23-Jan | 29-Jan | Change |
| PI – TMT | 6534 | 6380 | -155 |
| PI – WRC | 7210 | 7097 | -113 |
| PI – Angle | 6426 | 6328 | -98 |
| PI – Channel | 6480 | 6356 | -124 |
| PI – Joist | 6272 | 6161 | -111 |
Flat products
| Category | 23-Jan | 29-Jan | Change |
| PI - Narrow Plates | 6308 | 6253 | -55 |
| PI - Wide Plates | 6822 | 6799 | -23 |
| PI - Hot Rolled | 6453 | 6408 | -46 |
| PI - Cold Rolled | 7278 | 7246 | -32 |
| PI - Galvanized | 6944 | 6910 | -34 |
To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html
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(Sourced from www.steelprices-india.com)
