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Monday Market Monitor - India - WEEK 46 - Fireworks fizzle out
1198 times viewed.
Monday, 19 Nov 2012
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Dipawali is considered as harbinger of good business fortune in India leading to revival in business sentiments. But the domestic steel price movement last week indicates that the economic demons have overpowered the goddess of good fortunes

The Indian steel market remains in an abyss, paralyzed by economic and policy crisis. If it was the deepening political and economic crisis in India the global economic crisis piped any recovery with plummeting exports despite weakening currency.

Raw material market remained in self contradiction as the scrap prices revived on winter scarcity but the sponge iron supply and price remained depressed as furnace owners switched over to scrap. In the likelihood of cost push long prices is likely to get kick start.

Inventory levels with stockiest and traders have been hand to mouth for some time but the urge to replenish in a major way is amiss with lack of buying. Project demand from infrastructure sector has also lagged owing to completion of old projects not followed by announcements of new ones by a government in policy paralysis.

The Indian Long Product Price Index ILPPI has gone down by 7 points last week whereas Indian Flat Products Index IFPPI has also gone down by 4 points. The overall price index INDSPI declined by 6 points.

Class09-Nov16-NovChange%
ILPPI89758968-7-0.1%
IFPPI86588654-40.0%
INDSPI88248818-6-0.1%


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

Long Products

Category09-Nov16-NovChange%
PI - TMT92229211-11-0.1%
PI - WRC9083908300.0%
PI - Angle84828470-12-0.1%
PI - Channel85708555-15-0.2%
PI - Joist78507838-12-0.2%


PI - Product Index

Flat products

Category09-Nov16-NovChange%
PI - Narrow Plates8218821800.0%
PI - Wide Plates8586858600.0%
PI - Hot Rolled84368428-8-0.1%
PI - Cold Rolled9409940900.0%
PI - Galvanized9086908600.0%


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

LocationChange
Bangalore0%
Chennai0%
Hyderabad0%
Kandla0%
Kanpur 0%
Kolkata0%
Ludhiana0%
Mandi-2%
Mumbai-1%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

Alang

ProductSizeChange
Plate cuttings1"0.0%
ShipsMixed0.0%


Change is on 16th November as compared to 9th November 2012

Pencil ingot

LocationChange
Ahmedabad0%
Alang0%
Bhiwari0%
Chennai0%
Durgapur-1%
Ghaziabad0%
Hyderabad0%
Jaipur-1%
Jamshedpur0%
Kanpur 0%
Kolkata0%
Ludhiana1%
Mandi-1%
Mumbai0%
Muzaffarnagar-2%
Nagpur0%
Raigarh-1%
Raipur 0%
Rourkela0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

Pig Iron

LocationChange
Agra0%
Jallandhar0%
Kolkata0%
Ludhiana0%
Raipur 0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

Sponge iron

LocationChange
Bellary-1%
Kolkata1%
Ludhiana0%
Raigarh-2%
Raipur 0%
Rourkela0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

2. Long products

Rebar (TMT QST)
Fe 415
12mm

LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi 0%
Indore -1%
Kanpur 0%
Kolkata0%
Ludhiana0%
Mandi0%
Mumbai0%
Muzaffarnagar0%
Raipur 0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

WRC
SWR14
5.5/6

LocationChange
Chennai0%
Delhi 0%
Kanpur 0%
Kolkata0%
Raipur 0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

ANGL
Grade A
65x65x6

LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi 0%
Indore-1%
Kanpur 0%
Kolkata0%
Ludhiana0%
Mandi-1%
Mumbai0%
Raipur 0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

CHNL
Grade A
75/40

LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi 0%
Indore-1%
Kanpur -1%
Kolkata0%
Ludhiana0%
Mandi-1%
Mumbai0%
Raipur 0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

JSTI
Grade A
250x125

LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi 0%
Indore-1%
Kanpur -1%
Kolkata0%
Ludhiana0%
Mandi-1%
Mumbai0%
Raipur 0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

3. Flat products

HRC
Tube
2.5x1250

LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi 0%
Indore0%
Kolkata0%
Ludhiana 0%
Mumbai0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

Patra

LocationChange
Delhi 0%
Ludhiana 0%
Mandi0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

Plates
Grade A
8x1250/1500

LocationChange
Chennai0%
Delhi 0%
Kanpur 0%
Kolkata0%
Mumbai0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

Plates
GRADE B
12-20x2500

LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi 0%
Indore0%
Kanpur 0%
Kolkata0%
Mumbai0%
Raipur 0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

CR
DSK
0.63x1000

LocationChange
Ahmedabad0%
Chennai0%
Delhi 0%
Kanpur 0%
Kolkata0%
Ludhiana0%
Mumbai0%
Pune0%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

GP
100Gms
0.4

LocationChange
Mumbai0%
Chennai0%
Kolkata-1%
Delhi-1%
Ludhiana0%
Kanpur0%
Rudrapur0%
Bangalore0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

GC
100Gms
0.4

LocationChange
Bangalore0%
Chennai0%
Delhi -1%
Kanpur 0%
Kolkata-1%
Mumbai0%
Ludhiana-1%
Rudrapur0%


Change is on 16th November as compared to 9th November 2012
Change is per tonne

If volatility in steel prices is affecting your business, keep tab on market realities and trends by subscribing to www.steelprices-india.com, which 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.

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

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

Source - Steel Price India

(www.steelguru.com)

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