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Monday Market Monitor - India - WEEK 47 - Dewali fireworks fizzle out
1482 times viewed.
Monday, 26 Nov 2012
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Indian long product market seemingly in unison with the Chinese price levels lost 1% midway through the post Diwali week. The impact was particularly strong in the scrap, ingot and TMT bars indicating a cascading effect. As the global scrap levels remains strong during winter and Turkish buying movement is backlash of poor off take of TMT and other finished products.

Lack of new projects and tight credit remained handicaps in an expectant market. Buyers risk aversion was evident with political uncertainty over reform initiatives getting through the winter session.

Q3 is typically kindles demand, hence all is not ruled out as yet. Next week will be pivotal in determining the course of market with labor force returning back after the Chaath festival.

Some despondency is certain to recede in the coming weeks more so with pick up in re-construction after the devastation by storm in South.

The Indian Long Product Price Index ILPPI has gone down by 97 points last week whereas Indian Flat Products Index IFPPI has also gone down by 43 points. The overall price index INDSPI declined by 71 points.

Class16-Nov23-NovChange%
ILPPI89688871-97-1.1%
IFPPI86548611-43-0.5%
INDSPI88188747-71-0.8%


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

Long Products

Category16-Nov23-NovChange%
PI - TMT92119148-63-0.7%
PI - WRC90838954-129-1.4%
PI - Angle84708362-108-1.3%
PI - Channel85558462-93-1.1%
PI - Joist78387738-100-1.3%


PI - Product Index

Flat products

Category16-Nov23-NovChange%
PI - Narrow Plates82188187-31-0.4%
PI - Wide Plates85868532-54-0.6%
PI - Hot Rolled84288370-58-0.7%
PI - Cold Rolled94099401-8-0.1%
PI - Galvanized90869067-19-0.2%


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

LocationChange
Bangalore0%
Chennai0%
Hyderabad0%
Kandla-1%
Kanpur -1%
Kolkata0%
Ludhiana-2%
Mandi-3%
Mumbai-3%
Rudrapur-1%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

Alang

ProductSizeChange
Plate cuttings1"-2.5%
ShipsMixed0.4%


Change is on 23rd November as compared to 16th November 2012

Pencil ingot

LocationChange
Ahmedabad-2%
Alang-2%
Bhiwari0%
Chennai0%
Durgapur-1%
Ghaziabad-1%
Hyderabad-3%
Jaipur-1%
Jamshedpur0%
Kanpur -1%
Kolkata-1%
Ludhiana-3%
Mandi-2%
Mumbai-1%
Muzaffarnagar0%
Nagpur0%
Raigarh-1%
Raipur -2%
Rourkela-1%
Rudrapur-1%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

Pig Iron

LocationChange
Agra0%
Jallandhar0%
Kolkata0%
Ludhiana-1%
Raipur 0%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

Sponge iron

LocationChange
Bellary-2%
Kolkata-2%
Ludhiana-1%
Raigarh-1%
Raipur -3%
Rourkela-2%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

2. Long products

Rebar (TMT QST)
Fe 415
12mm

LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi 1%
Indore -2%
Kanpur -1%
Kolkata0%
Ludhiana-2%
Mandi-2%
Mumbai-1%
Muzaffarnagar-1%
Raipur -5%
Rudrapur-1%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

WRC
SWR14
5.5/6

LocationChange
Chennai0%
Delhi -2%
Kanpur -2%
Kolkata-2%
Raipur -2%
Rudrapur-2%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

ANGL
Grade A
65x65x6

LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi -2%
Indore-2%
Kanpur -1%
Kolkata-2%
Ludhiana-1%
Mandi-3%
Mumbai-1%
Raipur -2%
Rudrapur-1%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

CHNL
Grade A
75/40

LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi -2%
Indore-2%
Kanpur -1%
Kolkata-2%
Ludhiana0%
Mandi-1%
Mumbai-1%
Raipur -2%
Rudrapur-1%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

JSTI
Grade A
250x125

LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi -2%
Indore-2%
Kanpur -1%
Kolkata-4%
Ludhiana0%
Mandi-1%
Mumbai-1%
Raipur -2%
Rudrapur-2%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

3. Flat products

HRC
Tube
2.5x1250

LocationChange
Ahmedabad0%
Bangalore0%
Chennai0%
Delhi -1%
Indore0%
Kolkata-1%
Ludhiana 0%
Mumbai0%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

Patra

LocationChange
Delhi -2%
Ludhiana -1%
Mandi-2%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

Plates
Grade A
8x1250/1500

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


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

Plates
GRADE B
12-20x2500

LocationChange
Ahmedabad-1%
Bangalore0%
Chennai0%
Delhi -1%
Indore0%
Kanpur -1%
Kolkata-1%
Mumbai0%
Raipur 0%
Rudrapur-1%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

CR
DSK
0.63x1000

LocationChange
Ahmedabad0%
Chennai0%
Delhi 0%
Kanpur -1%
Kolkata0%
Ludhiana0%
Mumbai0%
Pune0%
Rudrapur-1%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

GP
100Gms
0.4

LocationChange
Mumbai0%
Chennai0%
Kolkata-1%
Delhi0%
Ludhiana-1%
Kanpur0%
Rudrapur0%
Bangalore0%


Change is on 23rd November as compared to 16th November 2012
Change is per tonne

GC
100Gms
0.4

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


Change is on 23rd November as compared to 16th 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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