Week 17 had a lukewarm opening with divergent price movements at different locations. The pencil ingot prices followed its customary flip flop trajectory exhibiting appreciation and depreciation in equal measure.
It is reminiscent of a typical commodity trading market wherein devoid of any core fundamentals the prices fluctuate within a small band mostly guided by the transient and purely speculative factors.
The TMT bar prices too maintained identical movements although remarkably there was some flutter after a slothful past.
The Indian import market is maintaining a lukewarm momentum as the flat product market continues to languish both nationally and internationally.
The international levels sliding WoW despair is becoming omnipresent. The Chinese mills have become aggressive capitalizing on freight advantage to hilt.
Some Chinese levels are as follows
HRC SS400 Grade - USD 710 per tonne CNF Mumbai
CRC - USD 820 per tonne CNF Mumbai
Plate 8 to 50 mm -USD 750 per tonne CNF Mumbai for small quantity
Stock lot plates - USD 705 per tonne CNF Mumbai
Ironically Black Sea offers are absent unable to withstand Chinese onslaught.
It is also learnt that only small HRC with coil weight of 8 tonne to 12 tonnes is being offered at Mumbai. Whereas bulk of the big coils are being diverted to greener pastures of USA and Europe from Russia as the automobile industry demand has stabilized.
Moreover with the augmented piracy risk sellers are averse to enter troubled water as the freight rates have gone up by USD 20 per tonne to cover the risk. As a result traders in India are showing proclivity for Chinese material.
The Indian Long Product Price Index ILPPI surged by 56 points last week whereas Indian Flat Products Index IFPPI also gone up by 28 points. The overall price index INDSPI inclined by 43 points.
| Class | 22-Apr | 29-Apr | Change | % |
| ILPPI | 8184 | 8240 | 56 | 0.7% |
| IFPPI | 8766 | 8794 | 28 | 0.3% |
| INDSPI | 8461 | 8504 | 43 | 0.5% |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 22-Apr | 29-Apr | Change | % |
| PI - TMT | 8181 | 8232 | 51 | 0.6% |
| PI - WRC | 8413 | 8479 | 66 | 0.8% |
| PI - Angle | 7885 | 7943 | 58 | 0.7% |
| PI - Channel | 7941 | 7985 | 44 | 0.6% |
| PI - Joist | 7433 | 7478 | 45 | 0.6% |
PI - Product Index
Flat products
| Category | 22-Apr | 29-Apr | Change | % |
| PI - Narrow Plates | 8176 | 8219 | 44 | 0.5% |
| PI - Wide Plates | 8557 | 8608 | 51 | 0.6% |
| PI - Hot Rolled | 8475 | 8506 | 31 | 0.4% |
| PI - Cold Rolled | 9829 | 9832 | 3 | 0.0% |
| PI - Galvanized | 9326 | 9345 | 19 | 0.2% |
PI - Product Index
These indices have base of 10,000 as on July 1st 2008
To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html
To download a presentation please paste this link in your browser
http://www.steelprices-india.com/uploads/Steel_Price_Index_Presentation.ppt
You can now get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at
http://steelprices-india.com/smsalert
1. Input material
Melting scrap
80:20
HMS
| Location | Change |
| Chennai | 0% |
| Hyderabad | 0% |
| Kandla | 2% |
| Kanpur | 1% |
| Kolkata | 4% |
| Mandi | 0% |
| Mumbai | 0% |
| Rudrapur | 0% |
Change is on April 29th as compared to 22nd April 2011
Alang
| Product | Size | Change |
| Plate cuttings | 1" | 3% |
| Ships | Mixed | 1% |
Change is on April 29th as compared to 22nd April 2011
Pencil ingot
| Location | Change |
| Ahmedabad | 0% |
| Alang | 0% |
| Bhiwari | -1% |
| Chennai | 0% |
| Durgapur | 2% |
| Ghaziabad | -1% |
| Hyderabad | 0% |
| Jaipur | -1% |
| Jamshedpur | -1% |
| Kanpur | -1% |
| Kolkata | 1% |
| Mandi | -1% |
| Mumbai | 0% |
| Muzzafarnagar | 0% |
| Nagpur | -1% |
| Raigarh | -1% |
| Raipur | -1% |
| Rourkela | 0% |
| Rudrapur | -1% |
Change is on April 29th as compared to 22nd April 2011
Pig Iron
| Location | Change |
| Agra | 0% |
| Jallandhar | -1% |
| Kolkata | -1% |
| Raipur | 0% |
Change is on April 29th as compared to 22nd April 2011
Sponge iron
| Location | Change |
| Bellary | -1% |
| Kolkata | 3% |
| Raigarh | 0% |
| Raipur | 0% |
| Rourkela | -2% |
Change is on April 29th as compared to 22nd April 2011
2. Long products
Rebar (TMT QST)
Fe 415
12mm
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 0% |
| Chennai | 1% |
| Delhi | 1% |
| Indore | 1% |
| Kanpur | 0% |
| Kolkata | 2% |
| Mandi | -1% |
| Mumbai | 0% |
| Muzaffarnagar | -1% |
| Raipur | 1% |
| Rudrapur | -1% |
Change is on April 29th as compared to 22nd April 2011
WRC
SWR14
5.5/6
| Location | Change |
| Chennai | 0% |
| Delhi | 1% |
| Kanpur | 1% |
| Kolkata | 3% |
| Raipur | 0% |
| Rudrapur | 2% |
Change is on April 29th as compared to 22nd April 2011
ANGL
Grade A
65X65X6
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 0% |
| Chennai | 1% |
| Delhi | 1% |
| Indore | 2% |
| Kanpur | 1% |
| Kolkata | 3% |
| Mandi | -1% |
| Mumbai | 0% |
| Raipur | 1% |
| Rudrapur | -1% |
Change is on April 29th as compared to 22nd April 2011
CHNL
Grade A
75/40
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 0% |
| Chennai | 1% |
| Delhi | 1% |
| Indore | 1% |
| Kanpur | 1% |
| Kolkata | 1% |
| Mandi | -1% |
| Mumbai | 0% |
| Raipur | 1% |
| Rudrapur | 1% |
Change is on April 29th as compared to 22nd April 2011
JSTI
Grade A
250X125
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 1% |
| Delhi | 1% |
| Indore | 0% |
| Kanpur | 0% |
| Kolkata | 2% |
| Mandi | -1% |
| Mumbai | 0% |
| Raipur | 1% |
| Rudrapur | 0% |
Change is on April 29th as compared to 22nd April 2011
3. Flat products
HRC
Tube
2.5x1250
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 1% |
| Delhi | 1% |
| Indore | 0% |
| Kolkata | 2% |
| Ludhiana | 1% |
| Mumbai | 0% |
Change is on April 29th as compared to 22nd April 2011
Patra
| Location | Change |
| Delhi | 1% |
| Ludhiana | 0% |
| Mandi | -1% |
Change is on April 29th as compared to 22nd April 2011
Plates
Grade A
8X1250/1500
| Location | Change |
| Chennai | 1% |
| Delhi | 1% |
| Kanpur | -1% |
| Kolkata | 2% |
| Mumbai | 0% |
| Rudrapur | -1% |
Change is on April 29th as compared to 22nd April 2011
Plates
GRADE B
12-20X2500
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 1% |
| Delhi | 1% |
| Indore | 0% |
| Kanpur | -2% |
| Kolkata | 2% |
| Mumbai | 0% |
| Raipur | 1% |
| Rudrapur | -1% |
Change is on April 29th as compared to 22nd April 2011
CR
DSK
0.63x1000
| Location | Change |
| Ahmedabad | 0% |
| Chennai | 1% |
| Delhi | -1% |
| Kanpur | -1% |
| Kolkata | 1% |
| Mumbai | 0% |
| Pune | 0% |
| Rudrapur | -2% |
Change is on April 29th as compared to 22nd April 2011
GP
100Gms
0.4
| Location | Change |
| Mumbai | 0% |
| Chennai | 1% |
| Kolkata | 1% |
| Delhi | 0% |
| Ludhiana | 0% |
| Kanpur | -1% |
| Rudrapur | -1% |
| Bangalore | 0% |
Change is on April 29th as compared to 22nd April 2011
GC
100Gms
0.4
| Location | Change |
| Bangalore | 0% |
| Chennai | 1% |
| Delhi | 0% |
| Kanpur | -1% |
| Kolkata | 1% |
| Mumbai | 0% |
| Ludhiana | -1% |
| Rudrapur | -1% |
Change is on April 29th as compared to 22nd 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 |
| INR | 75,000 | 150,000 | 250,000 | 500,000 | 750,000 | 1,000,000 |
| USD | 1,900 | 3,800 | 6,300 | 12,600 | 19,000 | 25,000 |
How to subscribe
1. Register at www.steelprices-india.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-india.com.
3. Call at 0091-124-3007891/2/3
(Sourced from www.steelprices-india.com)
