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Monday Market Monitor - India (WEEK 7) - Market shows optimism
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Monday, 16 Feb 2009
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Price declines took a U turn for a change during last week. The Indian Long Product price Index ILPPI improved by 233 points, whereas the Indian Flat Product Price Index IFPPI showed marginal correction of 54 points. The overall price index INDSPI improved by 148 points:

Class06-Feb13-FebChange
ILPPI64676701233
IFPPI6488654254
IDSPI64776625148


ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products

Category06-Feb13-FebChange
PI - TMT61926490298
PI - WRC69757184210
PI - Angle61376318181
PI - Channel61696335165
PI - Joist57785899122



Flat products

Category06-Feb13-FebChange
PI - Narrow Plates617861879
PI - Wide Plates6550656211
PI - Hot Rolled6300638484
PI - Cold Rolled7049709242
PI - Galvanized677167809



To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html

Input materials show marked improvement in Week 07

Melting scrap
80:20
HMS

LocationChange%
Chennai00.0%
Kandla3491.8%
Mumbai10006.1%
Mandi6103.2%
Kolkata221212.4%
Kanpur 183011.4%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

Alang

ProductSizeSizeChange%
ShipsMixedMixed10006.3%
Plate cuttings1�1�9004.9%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

Pencil ingot

LocationChange%
Mumbai10004.5%
Mandi14506.3%
Raipur 13076.5%
Kanpur 18308.7%
Kolkata226410.9%
Ghaziabad15006.7%
Muzzafarnagar11335.0%
Ahmedabad11005.1%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

Pig Iron

LocationChange%
Raipur 15008.5%
Kolkata00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

Sponge iron

LocationChange%
Raipur 150010.8%
Kolkata13599.9%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

Long products prices also rallied during last week

TMT
Fe 415
12mm

LocationChange%
Chennai00.0%
Mumbai13774.6%
Mandi18725.9%
Kolkata16555.3%
Delhi 21707.1%
Kanpur 27009.1%
Ahmedabad26389.3%
Indore 20006.4%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

WRC
SWR14
5.5/6

LocationChange%
Chennai1000.4%
Raipur 13074.8%
Kolkata16355.8%
Delhi 13604.5%
Kanpur 00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

ANGL
GR A
65x6

LocationChange%
Chennai00.0%
Mumbai17215.7%
Mandi9362.8%
Raipur 16645.8%
Kolkata7722.4%
Delhi 10403.4%
Kanpur 19006.3%
Ahmedabad13774.8%
Indore10003.3%
Bangalore00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

CHNL
GR A
75/100

LocationChange%
Chennai00.0%
Mumbai17215.7%
Mandi12483.7%
Raipur 17686.1%
Kolkata4411.3%
Delhi 10403.4%
Kanpur 13004.2%
Ahmedabad13774.8%
Indore10003.2%
Bangalore00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

JSTI
GR A
250x125

LocationChange%
Chennai00.0%
Mumbai17215.5%
Mandi2080.6%
Raipur 15605.2%
Kolkata5521.7%
Delhi 8322.6%
Kanpur 16005.1%
Ahmedabad6242.0%
Indore10003.1%
Bangalore00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

Flat products price declining trend arrested in week 07

HRC
Tube
2.5x1250

LocationChange%
Mumbai4531.6%
Ludhiana 3171.2%
Kolkata8723.2%
Delhi 4531.6%
Ahmedabad-272-0.9%
Indore00.0%
Bangalore00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

Patra

LocationChange%
Ludhiana 9063.4%
Mandi13605.1%
Delhi 9063.3%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

PLTS
GRA
8x1.5

LocationChange%
Chennai-500-1.8%
Mumbai00.0%
Kolkata00.0%
Delhi 4531.6%
Kanpur 4361.6%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

PLTS
GRB
12-20x2.5

LocationChange%
Chennai00.0%
Mumbai00.0%
Raipur 00.0%
Kolkata00.0%
Delhi 4531.6%
Kanpur 00.0%
Ahmedabad00.0%
Indore00.0%
Bangalore00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

CR
DSK
0.63x1000

LocationChange%
Chennai00.0%
Mumbai9063.0%
Pune9062.9%
Kolkata00.0%
Delhi 00.0%
Kanpur 4361.4%
Ahmedabad00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

GC
100Gms
0.4

LocationChange%
Chennai-500-1.4%
Mumbai00.0%
Kolkata-174-0.5%
Delhi 00.0%
Kanpur 5231.5%
Bangalore00.0%


Change on February13th is with respect to February 6th 2009
Change is in INR per tonne

To know exact prevailing steel prices in India in 22 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com. Please note that this is a paid service.

(Sourced from www.steelprices-india.com)

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