The long product prices in India have entered an abyss. The prices have been receding in incremental proportion WoW since mid April.
All through demand growth has been brandished by the state as fallout of budgetary allocation for the housing sector. Market dwelled in this makes believe theory during rally in the wee months of the FY’10-11. The claims proved to be as hollow as the market sentiments and it became clear that it was cost thrust rather than demand suction.
The current depressive phase has entered the 5th week with no signs of let up. It needs to be clarified at no point of time demand has been the driver behind the occasional but mercurial rally in prices. The steepness of the price rise in these phases signifies its brittleness and non-durability. The spectacular rally in more than one ways has waylaid buyers and sellers into the customary traps of overstocking and overproduction the twin nemesis of stability.
One of the peculiarities of the present depression has been lack of material compounded by lack of demand. The manufacturers are having low inventory but they are unwilling to risk increased production lest it leads to a glut erasing even faint chances of turnaround.
The few straws clutch on are as follows
The conversion gap from Ingot to TMT having narrowed to the minimum of INR 3500 per tonne bottoming out can be the only option however this thumb rule can change with gap dipping in the negative by another INR 1000 per tonne.
Settlement of NCDEX on 19th might bring semblance of order and clarity in the market trends.
The cooling of weather once the monsoon sets in will bring the laborers back.
The prices are likely to have a bumpy trajectory at very low amplitude in the coming week. Operators can look with hope in last week of May early June.
The Indian Long Product Price Index ILPPI decreased by 212 points whereas Indian Flat Products Index IFPPI dropped by 17 points. The overall price index INDSPI declined by 118 points.
| Class | 07-May | 14-May | Change | % |
| ILPPI | 7182 | 6970 | -212 | -2.9% |
| IFPPI | 8462 | 8445 | -17 | -0.2% |
| INDSPI | 7791 | 7673 | -118 | -1.5% |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 07-May | 14-May | Change | % |
| PI - TMT | 6898 | 6769 | -128 | -1.9% |
| PI - WRC | 7696 | 7440 | -256 | -3.3% |
| PI - Angle | 6841 | 6555 | -286 | -4.2% |
| PI - Channel | 6948 | 6661 | -287 | -4.1% |
| PI - Joist | 6450 | 6163 | -287 | -4.5% |
PI - Product Index
Flat products
| Category | 07-May | 14-May | Change | % |
| PI - Narrow Plates | 8013 | 7979 | -34 | -0.4% |
| PI - Wide Plates | 8380 | 8373 | -7 | -0.1% |
| PI - Hot Rolled | 8205 | 8180 | -24 | -0.3% |
| PI - Cold Rolled | 9246 | 9260 | 13 | 0.1% |
| PI - Galvanized | 9061 | 9038 | -23 | -0.3% |
PI - Product Index
These indices have base of 10,000 as on July 1st 2008
To know more about these indices please visit
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To download a presentation please paste this link in your browser
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1. Input material
Melting scrap
80:20
HMS
| Location | Change |
| Chennai | 1% |
| Kandla | -2% |
| Kanpur | -2% |
| Kolkata | -5% |
| Mandi | 3% |
| Mumbai | 1% |
Change is on May 14th 2010 as compared to May 7th 2010
Alang
| Product | Size | Change |
| Plate cuttings | 1" | 0% |
| Ships | Mixed | 2% |
Change is on May 14th 2010 as compared to May 7th 2010
Pencil ingot
| Location | Change |
| Ahmedabad | -1% |
| Bhiwari | 2% |
| Durgapur | 2% |
| Ghaziabad | 3% |
| Hyderabad | 0% |
| Jaipur | 0% |
| Jamshedpur | 0% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mandi | 2% |
| Mumbai | 1% |
| Muzzafarnagar | 2% |
| Nagpur | 2% |
| Raigarh | -2% |
| Raipur | 3% |
| Rourkela | 1% |
| Rudrapur | -1% |
Change is on May 14th 2010 as compared to May 7th 2010
Pig Iron
| Location | Change |
| Agra | -11% |
| Jallandhar | -12% |
| Kolkata | -13% |
| Raipur | -13% |
Change is on May 14th 2010 as compared to May 7th 2010
Sponge iron
| Location | Change |
| Bellary | -2% |
| Kolkata | -6% |
| Raigarh | -6% |
| Raipur | -4% |
| Rourkela | -6% |
Change is on May 14th 2010 as compared to May 7th 2010
2. Long products
Rebar (TMT QST)
Fe 415
12mm
| Location | Change |
| Ahmedabad | -3% |
| Bangalore | -2% |
| Chennai | 2% |
| Delhi | -5% |
| Indore | 0% |
| Kanpur | 0% |
| Kolkata | -3% |
| Mandi | 1% |
| Mumbai | 1% |
| Raipur | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
WRC
SWR14
5.5/6
| Location | Change |
| Chennai | 0% |
| Delhi | -1% |
| Kanpur | -1% |
| Kolkata | 0% |
| Raipur | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
ANGL
Grade A
65X65X6
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | -2% |
| Chennai | 0% |
| Delhi | -1% |
| Indore | 0% |
| Kanpur | 0% |
| Kolkata | -6% |
| Mandi | 1% |
| Mumbai | 1% |
| Raipur | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
CHNL
Grade A
75/40
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | -2% |
| Chennai | 0% |
| Delhi | -1% |
| Indore | -1% |
| Kanpur | 0% |
| Kolkata | -3% |
| Mandi | 1% |
| Mumbai | 1% |
| Raipur | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
JSTI
Grade A
250X125
| Location | Change |
| Ahmedabad | -2% |
| Bangalore | -2% |
| Chennai | 0% |
| Delhi | -1% |
| Indore | 0% |
| Kanpur | -1% |
| Kolkata | -3% |
| Mandi | 1% |
| Mumbai | 1% |
| Raipur | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
3. Flat products
HRC
Tube
2.5x1250
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | -1% |
| Chennai | -4% |
| Delhi | 0% |
| Indore | 0% |
| Kolkata | 0% |
| Ludhiana | -2% |
| Mumbai | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
Patra
| Location | Change |
| Delhi | -2% |
| Ludhiana | -1% |
| Mandi | 1% |
Change is on May 14th 2010 as compared to May 7th 2010
Plates
Grade A
8X1250/1500
| Location | Change |
| Chennai | 0% |
| Delhi | -1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
Plates
GRADE B
12-20X2500
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | -1% |
| Chennai | 0% |
| Delhi | -1% |
| Indore | 0% |
| Kanpur | 1% |
| Kolkata | 1% |
| Mumbai | 0% |
| Raipur | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
CR
DSK
0.63x1000
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | -1% |
| Chennai | 0% |
| Delhi | -1% |
| Indore | 0% |
| Kanpur | 1% |
| Kolkata | 1% |
| Mumbai | 0% |
| Raipur | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
GP
100Gms
0.4
| Location | Change |
| Ahmedabad | 0% |
| Chennai | -1% |
| Delhi | 0% |
| Kanpur | 3% |
| Kolkata | 1% |
| Mumbai | 0% |
| Pune | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
GC
100Gms
0.4
| Location | Change |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | -1% |
| Kanpur | -1% |
| Kolkata | 1% |
| Mumbai | 0% |
| Ludhiana | -1% |
| Rudrapur | 0% |
Change is on May 14th 2010 as compared to May 7th 2010
4. Indian Export Levels
| Item | Grade | Size | Delivery | Change |
| HDG | 100Gms | 0.4 | FOB Mumbai | 0 |
| HDG | 100Gms | 0.58 | FOB Mumbai | 0 |
| HDG | 275Gms | 0.75 | FOB Mumbai | 0 |
| PLTS | Structural | 12-40x2.5 | FOB Vizag | 0 |
| PPGI | Standard RAL | 0.4 | FOB Mumbai | 0 |
Change is on May 14th 2010 as compared to May 7th 2010
Change is in USD per tonne
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
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
Input Materials
A. Domestic
| Product | Locations |
| Ship Scrap | Alang |
| Melting scrap | Chennai, Hyderabad, Kandla, Kanpur, Kolkata, Mandi, Mumbai, Rudrapur |
| Plate cuttings | Alang |
| Sponge iron | Bellary, Kolkata, Raigarh, Raipur, Rourkela |
| Pig Iron | Agra, Jallandhar, Kolkata, Raipur |
| Iron ore | Barbil ,Bellary |
| Pencil ingot | Ahmedabad, Bhiwari, Durgapur, Ghaziabad, Hyderabad, Jaipur, Jamshedpur, Kanpur, Kolkata, Mandi, Mumbai, Muzzafarnagar, Nagpur, Raigarh, Raipur, Rourkela, Rudrapur |
| Billet | Hyderabad, Kanpur, Kolkata, Mandi, Mumbai, Raipur, Rudrapur |
| Bloom | Kanpur, Kolkata, Mandi, Rudrapur |
Updation: Daily
B. International
| Product | Location |
| Scrap | Rotterdam, Turkey |
| Iron ore | Indian Ports |
| Billets | CIS, China & Turkey |
Updation: Weekly
Long Products
A. Domestic levels
| Product | Locations |
| Rebars | Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Indore, Kanpur, Kolkata, Mandi, Mumbai, Rudrapur |
| Wire Rods | Chennai, Delhi, Kanpur, Kolkata, Raipur, Rudrapur |
| Sections | Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mandi, Mumbai, Raipur, Rudrapur |
Updation: Daily
B. International levels
| Product | Location |
| Rebars | CIS, China, Turkey |
| Wire Rods | CIS, China, Turkey |
Updation: Weekly
Flat Products
A. Domestic levels
| Products | Locations |
| HR | Ahmedabad, Bangalore , Chennai, Delhi, Indore, Kanpur, Kolkata, Ludhiana, Mumbai, Pune, Rudrapur |
| CR | Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Pune, Rudrapur |
| HDG | Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Pune, Rudrapur |
| Plates | Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Raipur, Rudrapur |
Updation: Daily
B. International levels
| Product | Location |
| HR | CIS , China |
| CR | CIS , China |
| HDG | CIS , China |
| Plates | CIS , China & India |
Updation: Weekly
Others
Pipes
Black pipes Heavy and GI pipes Medium
Delhi Kolkata, Chennai, Ludhiana and Mandi
| Size |
| 1/2" |
| 3/4" |
| 1" |
| 1 1/4" |
| 1 1/2" |
| 2" |
| 2 1/2" |
| 3" |
| 4" |
| 5" |
| 6" |
Updation: Daily
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.
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| Single | 2-5 | 6-12 | 13-25 | 26-40 | 40-60 |
| 60000 | 120000 | 200000 | 400000 | 600000 | 800000 |
In INR +10.03% Service Tax
| Single | 2-5 | 6-12 | 13-25 | 26-40 | 40-60 |
| 1500 | 3000 | 5000 | 10000 | 15000 | 20000 |
In USD
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