Silhouetted against an abysmal Q4 performance of only 5.3% economic growth June 6th was epoch making with PMO and Planning Commission addressing core issue hampering the economic growth in India. An obvious political tick in the preceding days by Congress Working Committee meet pushed the slumberous government into action.
If it was for the political compulsions to catalyse brainstorming on the economic paralysis a starved market took it with a pinch of optimism by rallying nearly 4.5% in the last 2 days. Gasping for breath market reacted predictably however it would be premature to verdict a pattern lest it becomes a case of biting more than it can chew.
Government in decisive mood enumerated priorities culminating in a halo of optimism amidst pessimism.
Setting tone for an accelerated investment and growth in key infrastructure sectors of Power, Railways, Roads, Shipping, Civil Aviation and Coal industry got a saw opportunity on the horizon if not lurking around. Steel being the mainstay consumable can enliven the market.
The Indian Long Product Price Index ILPPI surged by 6 points last week whereas Indian Flat Products Index IFPPI has gone up by 9 points. The overall price index INDSPI inclined by 7 points.
| Class | 01-Jun | 08-Jun | Change | % |
| ILPPI | 9614 | 9620 | 6 | 0.1% |
| IFPPI | 9127 | 9136 | 9 | 0.1% |
| INDSPI | 9382 | 9389 | 7 | 0.1% |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 01-Jun | 08-Jun | Change | % |
| PI - TMT | 9936 | 9886 | -50 | -0.5% |
| PI - WRC | 9711 | 9780 | 69 | 0.7% |
| PI - Angle | 8999 | 8989 | -10 | -0.1% |
| PI - Channel | 9107 | 9104 | -3 | 0.0% |
| PI - Joist | 8348 | 8348 | 0 | 0.0% |
PI - Product Index
Flat products
| Category | 01-Jun | 08-Jun | Change | % |
| PI - Narrow Plates | 8769 | 8761 | -8 | -0.1% |
| PI - Wide Plates | 9053 | 9042 | -11 | -0.1% |
| PI - Hot Rolled | 8925 | 8940 | 15 | 0.2% |
| PI - Cold Rolled | 9781 | 9793 | 12 | 0.1% |
| PI - Galvanized | 9535 | 9549 | 14 | 0.1% |
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
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You can now get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at
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1. Input material
Melting scrap
80:20
HMS
| Location | Change |
| Bangalore | 0% |
| Chennai | 0% |
| Hyderabad | -2% |
| Kandla | -3% |
| Kanpur | 2% |
| Kolkata | 0% |
| Ludhiana | -1% |
| Mandi | -1% |
| Mumbai | -1% |
| Rudrapur | 3% |
Change is on June 8th as compared to 1st June 2012
Alang
| Product | Size | Change |
| Plate cuttings | 1" | -1.7% |
| Ships | Mixed | -1.9% |
Change is on June 8th as compared to 1st June 2012
Pencil ingot
| Location | Change |
| Ahmedabad | -1% |
| Alang | 0% |
| Bhiwari | -1% |
| Chennai | 0% |
| Durgapur | -1% |
| Ghaziabad | 0% |
| Hyderabad | 1% |
| Jaipur | -1% |
| Jamshedpur | 0% |
| Kanpur | 1% |
| Kolkata | 0% |
| Ludhiana | -2% |
| Mandi | -2% |
| Mumbai | -1% |
| Muzaffarnagar | 0% |
| Nagpur | 0% |
| Raigarh | -1% |
| Raipur | -1% |
| Rourkela | 1% |
| Rudrapur | 2% |
Change is on June 8th as compared to 1st June 2012
Pig Iron
| Location | Change |
| Agra | 0% |
| Jallandhar | 0% |
| Kolkata | 0% |
| Ludhiana | 0% |
| Raipur | 0% |
Change is on June 8th as compared to 1st June 2012
Sponge iron
| Location | Change |
| Bellary | 2% |
| Kolkata | 0% |
| Ludhiana | -2% |
| Raigarh | -2% |
| Raipur | -1% |
| Rourkela | -1% |
Change is on June 8th as compared to 1st June 2012
2. Long products
Rebar (TMT QST)
Fe 415
12mm
| Location | Change |
| Ahmedabad | -1% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kanpur | 1% |
| Kolkata | -2% |
| Ludhiana | 0% |
| Mandi | -1% |
| Mumbai | -1% |
| Muzaffarnagar | 0% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on June 8th as compared to 1st June 2012
WRC
SWR14
5.5/6
| Location | Change |
| Chennai | 0% |
| Delhi | 1% |
| Kanpur | 2% |
| Kolkata | 2% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on June 8th as compared to 1st June 2012
ANGL
Grade A
65x65x6
| Location | Change |
| Ahmedabad | -1% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Ludhiana | -1% |
| Mandi | -1% |
| Mumbai | -1% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on June 8th as compared to 1st June 2012
CHNL
Grade A
75/40
| Location | Change |
| Ahmedabad | -1% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kanpur | 1% |
| Kolkata | 1% |
| Ludhiana | 1% |
| Mandi | -1% |
| Mumbai | -1% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on June 8th as compared to 1st June 2012
JSTI
Grade A
250x125
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kanpur | 1% |
| Kolkata | 0% |
| Ludhiana | 0% |
| Mandi | -1% |
| Mumbai | -1% |
| Raipur | 0% |
| Rudrapur | 0% |
Change is on June 8th as compared to 1st June 2012
3. Flat products
HRC
Tube
2.5x1250
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kolkata | 0% |
| Ludhiana | 1% |
| Mumbai | 0% |
Change is on June 8th as compared to 1st June 2012
Patra
| Location | Change |
| Delhi | 0% |
| Ludhiana | 0% |
| Mandi | -2% |
Change is on June 8th as compared to 1st June 2012
Plates
Grade A
8x1250/1500
| Location | Change |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | -1% |
| Kolkata | 0% |
| Mumbai | 0% |
| Rudrapur | -1% |
Change is on June 8th as compared to 1st June 2012
Plates
GRADE B
12-20x2500
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | -1% |
| Kanpur | -1% |
| Kolkata | 0% |
| Mumbai | 0% |
| Raipur | 0% |
| Rudrapur | -1% |
Change is on June 8th as compared to 1st June 2012
CR
DSK
0.63x1000
| Location | Change |
| Ahmedabad | 0% |
| Chennai | 0% |
| Delhi | 2% |
| Kanpur | -1% |
| Kolkata | 0% |
| Ludhiana | 0% |
| Mumbai | 0% |
| Pune | 0% |
| Rudrapur | -1% |
Change is on June 8th as compared to 1st June 2012
GP
100Gms
0.4
| Location | Change |
| Mumbai | 0% |
| Chennai | 0% |
| Kolkata | 1% |
| Delhi | 1% |
| Ludhiana | 1% |
| Kanpur | -1% |
| Rudrapur | 1% |
| Bangalore | 0% |
Change is on June 8th as compared to 1st June 2012
GC
100Gms
0.4
| Location | Change |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 1% |
| Kanpur | -1% |
| Kolkata | 1% |
| Mumbai | 0% |
| Ludhiana | 1% |
| Rudrapur | 1% |
Change is on June 8th as compared to 1st June 2012
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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
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Source - Steel Price India
(www.steelguru.com)
