Indian domestic steel prices continued to exhibit upward sentiments last week. The Indian Long Product Price Index ILPPI increased by just 77 points whereas Indian Flat Products Index IFPPI increased by 106 points. The overall price index INDSPI increased by 91 points.
| Class | 25-Dec | 31-Dec | Change | % |
| ILPPI | 7143 | 7220 | 77 | 1.1% |
| IFPPI | 7349 | 7455 | 106 | 1.4% |
| INDSPI | 7241 | 7332 | 91 | 1.3% |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 25-Dec | 31-Dec | Change | % |
| PI - TMT | 6987 | 7118 | 131 | 1.9% |
| PI - WRC | 7557 | 7567 | 11 | 0.1% |
| PI - Angle | 6839 | 6951 | 113 | 1.6% |
| PI - Channel | 6857 | 6952 | 95 | 1.4% |
| PI - Joist | 6267 | 6362 | 95 | 1.5% |
PI - Product Index
Flat products
| Category | 25-Dec | 31-Dec | Change | % |
| PI - Narrow Plates | 6957 | 7062 | 105 | 1.5% |
| PI - Wide Plates | 7091 | 7176 | 86 | 1.2% |
| PI - Hot Rolled | 7223 | 7311 | 88 | 1.2% |
| PI - Cold Rolled | 7940 | 8092 | 152 | 1.9% |
| PI - Galvanized | 7695 | 7838 | 143 | 1.9% |
PI - Product Index
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Although long product prices increased last week, the pace became lesser as the fact remains that unprecedented surge in December was not supported surge in demand and was rather led by cost pressure and largely driven by speculation. But we have to admit that the increased levels more or less sustained last week and even in the down turn they would correct partially only.
But drop in sponge iron prices was reported at Bellary, Raipur, Raigarh and Kolkata, which signals waning off input pressure. But on the other hand Indian steel majors have gone for a sever hike of INR 1000 per tonne to INR 4000 per tonne on long products, especially rebars depending on sale channel, which could not only support existing levels but also lead to further rally.
On the other hand, flat products are poised to gain in coming week, mainly due to price hike of INR 1000 per tonne to INR 2000 affected by Indian steel majors across the board.
These sentiments were reflected in Mumbai market, which happens to be the barometer of Indian market to a large extant, on January 1st and January 2nd 2010.
Input materials
| Product | Grade | Size | Change |
| Melting scrap | 80:20 | HMS | 500 |
| Pencil ingot | 600 | ||
| Billet | IS 2830 | 125x125 | 600 |
Change is on January 2nd 2010 as compared to December 31st 2009
In INR per tonne
Long products
| Product | Grade | Size | Change |
| TMT | Fe 415 | 12mm | 1801 |
| ANGL | GR A | 65x6 | 1738 |
| CHNL | GR A | 75/100 | 1675 |
| JSTI | GR A | 250x125 | 1550 |
Change is on January 2nd 2010 as compared to December 31st 2009
In INR per tonne
Flat products
| Product | Grade | Size | Change |
| HRC | Tube | 2.5x1250 | 1281 |
| HRPO | DSK | 2.5x1250 | 1299 |
| PLTS | GRA | 8x1.25 | 1281 |
| PLTS | GRB | 12-20x2.5 | 1299 |
| CR | DSK | 0.4 | 2275 |
| CR | DSK | 0.63x1000 | 1997 |
| GP | 100Gms | 0.4 | 1526 |
| GP | 100Gms | 0.8 | 1305 |
| GC | 100Gms | 0.4 | 415 |
| GC | 100Gms | 0.63 | 417 |
Change is on January 2nd 2010 as compared to December 31st 2009
In INR per tonne
1. Input material
Melting scrap
80:20
HMS
| Location | Change |
| Chennai | 0% |
| Kandla | 3% |
| Kanpur | 5% |
| Kolkata | 0% |
| Mandi | 4% |
| Mumbai | 2% |
Change is on December 31st as compared to December 25th 2009
Alang
| Product | Size | Change | Deviation |
| Plate cuttings | 1" | 4% | 700 |
| Ships | Mixed | 9% | 1400 |
Change is on December 31st as compared to December 25th 2009
Pencil ingot
| Location | Change |
| Ahmedabad | 2% |
| Bhiwari | 0% |
| Durgapur | 1% |
| Ghaziabad | 2% |
| Hyderabad | -10% |
| Jaipur | 3% |
| Jamshedpur | 3% |
| Kanpur | 2% |
| Kolkata | 0% |
| Mandi | 3% |
| Mumbai | 2% |
| Muzzafarnagar | 2% |
| Nagpur | 1% |
| Raigarh | 4% |
| Raipur | 0% |
| Rourkela | 0% |
| Rudrapur | 2% |
Change is on December 31st as compared to December 25th 2009
Pig Iron
| Location | Change |
| Agra | 0% |
| Jallandhar | 1% |
| Kolkata | 0% |
| Raipur | 0% |
Change is on December 31st as compared to December 25th 2009
Sponge iron
| Location | Change |
| Bellary | -2% |
| Kolkata | -1% |
| Raigarh | -4% |
| Raipur | -1% |
| Rourkela | 5% |
Change is on December 31st as compared to December 25th 2009
2. Long products
TMT
Fe 415
12mm
| Location | Change |
| Ahmedabad | 2% |
| Chennai | 0% |
| Delhi | -1% |
| Indore | -2% |
| Kanpur | 1% |
| Kolkata | 0% |
| Mandi | 6% |
| Mumbai | 5% |
| Raipur | -2% |
Change is on December 31st as compared to December 25th 2009
WRC
SWR14
5.5/6
| Location | Change |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 1% |
| Kolkata | 0% |
| Raipur | 0% |
Change is on December 31st as compared to December 25th 2009
ANGL
Grade A
65X65X6
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 3% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 1% |
| Kanpur | 2% |
| Kolkata | 2% |
| Mandi | 3% |
| Mumbai | 5% |
| Raipur | 0% |
Change is on December 31st as compared to December 25th 2009
CNHL
Grade A
75/40
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 3% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 0% |
| Kanpur | 1% |
| Kolkata | 2% |
| Mandi | 3% |
| Mumbai | 5% |
| Raipur | -2% |
Change is on December 31st as compared to December 25th 2009
JSTI
Grade A
250X125
| Location | Change |
| Ahmedabad | 2% |
| Bangalore | 3% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 0% |
| Kanpur | 0% |
| Kolkata | 3% |
| Mandi | 2% |
| Mumbai | 5% |
| Raipur | -2% |
Change is on December 31st as compared to December 25th 2009
3. Flat products
HRC
Tube
2.5x1250
| Location | Change |
| Ahmedabad | 4% |
| Bangalore | 3% |
| Delhi | 0% |
| Indore | 1% |
| Kolkata | 0% |
| Ludhiana | 3% |
| Mumbai | 2% |
Change is on December 31st as compared to December 25th 2009
Patra
| Location | Change |
| Delhi | 0% |
| Ludhiana | 4% |
| Mandi | 2% |
Change is on December 31st as compared to December 25th 2009
Plates
Grade A
8X1250/1500
| Location | Change |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 2% |
| Kolkata | 0% |
| Mumbai | 3% |
Change is on December 31st as compared to December 25th 2009
Plates
GRADE B
12-20X2500
| Location | Change |
| Ahmedabad | 3% |
| Bangalore | 3% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 1% |
| Kanpur | 2% |
| Kolkata | 0% |
| Mumbai | 2% |
| Raipur | 3% |
Change is on December 31st as compared to December 25th 2009
CR
DSK
0.63x1000
| Location | Change |
| Ahmedabad | 3% |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 9% |
| Pune | 9% |
Change is on December 31st as compared to December 25th 2009
GC
100Gms
0.4
| Location | Change |
| Bangalore | 2% |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 5% |
Change is on December 31st as compared to December 25th 2009
4. Indian Export Levels
Export levels of HDG and PPGI from Indian mills surged further last week
Change is on December 31st as compared to December 25th 2009
Change is in USD per tonne
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