The Indian Long Product Price Index ILPPI continued in upward trends with 62 points last week whereas Indian Flat Products Index IFPPI has gone down by 11 points. The overall price index INDSPI declined by 27 points.
Pencil ingot prices have been trudging back to normalcy after the early month debacle imparting a modicum of normalcy to the input material market and kindling faint hopes of revival in the long product market as well.
The improvement in price levels although can still be imputed to the speculative melodrama building up but part of it can be an outcome of demand supply mismatch as with the unfolding of summer power cuts become rampant at the most production centers.
At the same time hike in coke and sponge iron prices as the international prices for these products pick up having a backlash on the domestic levels as well has maintained the cost push. The gap of nearly INR 5000 per tonne to INR 6000 per tonne between the ingot prices and TMT bar prices is disproportionately bloated giving the furnace owners another INR 3500 per tonne to INR 4000 per tonne to play for.
At the same time the downstream TMT prices have remained depressed throughout obfuscating any chance of real revival unless the demand picks up either for consumption or for stockpiling.
On the other hand, flat product prices in India continued on weakening trend last week - in sync with global trends.
| Class | 08-Apr | 15-Apr | Change | % |
| ILPPI | 8114 | 8176 | 62 | 0.8% |
| IFPPI | 8822 | 8811 | -11 | -0.1% |
| INDSPI | 8451 | 8479 | 27 | 0.3% |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 08-Apr | 15-Apr | Change | % |
| PI - TMT | 8072 | 8181 | 109 | 1.4% |
| PI - WRC | 8387 | 8402 | 15 | 0.2% |
| PI - Angle | 7796 | 7867 | 70 | 0.9% |
| PI - Channel | 7861 | 7928 | 67 | 0.9% |
| PI - Joist | 7376 | 7424 | 48 | 0.7% |
PI - Product Index
Flat products
| Category | 08-Apr | 15-Apr | Change | % |
| PI - Narrow Plates | 8167 | 8167 | 0 | 0.0% |
| PI - Wide Plates | 8580 | 8570 | -10 | -0.1% |
| PI - Hot Rolled | 8560 | 8547 | -13 | -0.2% |
| PI - Cold Rolled | 9867 | 9855 | -12 | -0.1% |
| PI - Galvanized | 9362 | 9352 | -10 | -0.1% |
PI - Product Index
These indices have base of 10,000 as on July 1st 2008
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1. Input material
Melting scrap
80:20
HMS
| Location | Change |
| Chennai | 0% |
| Hyderabad | 0% |
| Kandla | 2% |
| Kanpur | 0% |
| Kolkata | 1% |
| Mandi | 3% |
| Mumbai | 1% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
Alang
| Product | Size | Change |
| Plate cuttings | 1" | 2% |
| Ships | Mixed | 3% |
Change is on April 15th as compared to 8th April 2011
Pencil ingot
| Location | Change |
| Ahmedabad | 3% |
| Alang | 2% |
| Bhiwari | 2% |
| Chennai | 0% |
| Durgapur | 2% |
| Ghaziabad | 3% |
| Hyderabad | -1% |
| Jaipur | 3% |
| Jamshedpur | 2% |
| Kanpur | 0% |
| Kolkata | -1% |
| Mandi | 3% |
| Mumbai | 2% |
| Muzzafarnagar | 2% |
| Nagpur | 2% |
| Raigarh | 1% |
| Raipur | 2% |
| Rourkela | 1% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
Pig Iron
| Location | Change |
| Agra | -2% |
| Jallandhar | -2% |
| Kolkata | -1% |
| Raipur | -1% |
Change is on April 15th as compared to 8th April 2011
Sponge iron
| Location | Change |
| Bellary | -2% |
| Kolkata | 1% |
| Raigarh | 3% |
| Raipur | 3% |
| Rourkela | 4% |
Change is on April 15th as compared to 8th April 2011
2. Long products
Rebar (TMT QST)
Fe 415
12mm
| Location | Change |
| Ahmedabad | 3% |
| Bangalore | 2% |
| Chennai | -1% |
| Delhi | 1% |
| Indore | 1% |
| Kanpur | 0% |
| Kolkata | 1% |
| Mandi | 4% |
| Mumbai | 2% |
| Muzzafarnagar | 0% |
| Raipur | 0% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
WRC
SWR14
5.5/6
| Location | Change |
| Chennai | 0% |
| Delhi | 1% |
| Kanpur | 0% |
| Kolkata | 1% |
| Raipur | 0% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
ANGL
Grade A
65X65X6
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 2% |
| Chennai | 0% |
| Delhi | 1% |
| Indore | 1% |
| Kanpur | 0% |
| Kolkata | 1% |
| Mandi | 4% |
| Mumbai | 2% |
| Raipur | 0% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
CHNL
Grade A
75/40
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 2% |
| Chennai | -1% |
| Delhi | 1% |
| Indore | 1% |
| Kanpur | 0% |
| Kolkata | 1% |
| Mandi | 3% |
| Mumbai | 2% |
| Raipur | 0% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
JSTI
Grade A
250X125
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 1% |
| Chennai | -1% |
| Delhi | 1% |
| Indore | 1% |
| Kanpur | 0% |
| Kolkata | 1% |
| Mandi | 4% |
| Mumbai | 2% |
| Raipur | 0% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
3. Flat products
HRC
Tube
2.5x1250
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 1% |
| Delhi | 0% |
| Indore | 0% |
| Kolkata | -1% |
| Ludhiana | -1% |
| Mumbai | 0% |
Change is on April 15th as compared to 8th April 2011
Patra
| Location | Change |
| Delhi | 2% |
| Ludhiana | 0% |
| Mandi | 4% |
Change is on April 15th as compared to 8th April 2011
Plates
Grade A
8X1250/1500
| Location | Change |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 0% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
Plates
GRADE B
12-20X2500
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | -1% |
| Delhi | 0% |
| Indore | 1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 0% |
| Raipur | 0% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
CR
DSK
0.63x1000
| Location | Change |
| Ahmedabad | 0% |
| Chennai | 0% |
| Delhi | 1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | -1% |
| Pune | -1% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
GP
100Gms
0.4
| Location | Change |
| Mumbai | 0% |
| Chennai | 0% |
| Kolkata | 0% |
| Delhi | 0% |
| Ludhiana | -2% |
| Kanpur | 0% |
| Rudrapur | 0% |
| Bangalore | 0% |
Change is on April 15th as compared to 8th April 2011
GC
100Gms
0.4
| Location | Change |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 0% |
| Ludhiana | -2% |
| Rudrapur | 0% |
Change is on April 15th as compared to 8th April 2011
www.steelprices-india.com is a comprehensive portal that provides domestic pricing information for benchmark steel products in each category at select location in India on a regular basis 5 days a week and international price levels on a weekly basis.
As steel in each category comes in hundreds of grades shapes and sizes, we have taken benchmark products in each category at select locations to cover the entire basket of garden variety of steel products including input material for steel making and processing.
Products covered
1. Input materials - Iron ore, scrap, sponge iron, pig iron pencil ingot, billets and blooms
2. Long products - Rebar, wire rod, angle, channel and joists
3. Flat products - Narrow plates, wide plates, HR, CR and galvanized
4. Others - Pipes
5. FOB Levels - China, Ukraine, Russia and Turkey
Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Base prices or effective, as per market trends
3. Average transaction levels which have settled well, based on continuous interactions with domestic mills, overseas suppliers, importers, stockiest & service centers and buyers
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site
Price basis
Without ED and VAT for all products except for rebar and sections
Other features
The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.
In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.
Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.
Subscription charges for 12 months access
| Currency | Single | 2-5 | 6-12 | 13-25 | 26-40 | 40-60 |
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| USD | 1,650 | 3,300 | 5,500 | 11,000 | 16,500 | 22,000 |
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