Week 50 opened with on an inauspicious note with pall gloom descending over the stock market as the key economic indicators for October struck melancholies.
Inching close to the worst economic scenario after the 2008 crisis disaster seems staring least some radical measures are taken to provide breather to the economy.
It is the first time since June 2009 the industrial output fell in the negative zone declining by 5.1% in October 2011 which stands in stark contrast to growth of 11.3% in October 2010.
But the Indian domestic steel market gained last week. The Indian Long Product Price Index ILPPI has gone up by 66 points last week whereas Indian Flat Products Index IFPPI has also gone up by 12 points. The overall price index INDSPI inclined by 40 points.
| Class | 09-Dec | 16-Dec | Change | % |
| ILPPI | 8768 | 8834 | 66 | 0.8% |
| IFPPI | 8825 | 8837 | 12 | 0.1% |
| INDSPI | 8795 | 8835 | 40 | 0.5% |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 09-Dec | 16-Dec | Change | % |
| PI - TMT | 8802 | 8915 | 113 | 1.3% |
| PI - WRC | 9038 | 9083 | 45 | 0.5% |
| PI - Angle | 8335 | 8367 | 32 | 0.4% |
| PI - Channel | 8476 | 8478 | 2 | 0.0% |
| PI - Joist | 7767 | 7783 | 16 | 0.2% |
PI - Product Index
Flat products
| Category | 09-Dec | 16-Dec | Change | % |
| PI - Narrow Plates | 8368 | 8374 | 6 | 0.1% |
| PI - Wide Plates | 8760 | 8760 | 0 | 0.0% |
| PI - Hot Rolled | 8624 | 8639 | 15 | 0.2% |
| PI - Cold Rolled | 9547 | 9563 | 16 | 0.2% |
| PI - Galvanized | 9194 | 9204 | 10 | 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
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 |
| Bangalore | 0% |
| Chennai | 0% |
| Hyderabad | 0% |
| Kandla | 0% |
| Kanpur | 1% |
| Kolkata | 0% |
| Ludhiana | 3% |
| Mandi | 3% |
| Mumbai | 0% |
| Rudrapur | 1% |
Change is on Dec 16th as compared to 9th Dec 2011
Alang
| Product | Size | Change |
| Plate cuttings | 1" | 0% |
| Ships | Mixed | 0% |
Change is on Dec 16th as compared to 9th Dec 2011
Pencil ingot
| Location | Change |
| Ahmedabad | 1% |
| Alang | 0% |
| Bhiwari | 0% |
| Chennai | 1% |
| Durgapur | -1% |
| Ghaziabad | 0% |
| Hyderabad | 0% |
| Jaipur | 1% |
| Jamshedpur | 0% |
| Kanpur | 2% |
| Kolkata | -1% |
| Ludhiana | 2% |
| Mandi | 2% |
| Mumbai | 0% |
| Muzzafarnagar | 0% |
| Nagpur | -1% |
| Raigarh | 1% |
| Raipur | 0% |
| Rourkela | 1% |
| Rudrapur | 2% |
Change is on Dec 16th as compared to 9th Dec 2011
Pig Iron
| Location | Change |
| Agra | 0% |
| Jallandhar | 0% |
| Kolkata | 0% |
| Ludhiana | 4% |
| Raipur | 0% |
Change is on Dec 16th as compared to 9th Dec 2011
Sponge iron
| Location | Change |
| Bellary | 0% |
| Kolkata | 0% |
| Ludhiana | -1% |
| Raigarh | 0% |
| Raipur | 0% |
| Rourkela | 0% |
Change is on Dec 16th as compared to 9th Dec 2011
2. Long products
Rebar (TMT QST)
Fe 415
12mm
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 0% |
| Chennai | 3% |
| Delhi | 0% |
| Indore | 2% |
| Kanpur | 1% |
| Kolkata | 2% |
| Ludhiana | 1% |
| Mandi | 2% |
| Mumbai | 0% |
| Muzzafarnagar | 1% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on Dec 16th as compared to 9th Dec 2011
WRC
SWR14
5.5/6
| Location | Change |
| Chennai | 1% |
| Delhi | 0% |
| Kanpur | 1% |
| Kolkata | 0% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on Dec 16th as compared to 9th Dec 2011
ANGL
Grade A
65X65X6
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 0% |
| Kanpur | 2% |
| Kolkata | 0% |
| Ludhiana | 1% |
| Mandi | 1% |
| Mumbai | 0% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on Dec 16th as compared to 9th Dec 2011
CHNL
Grade A
75/40
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 0% |
| Kanpur | 2% |
| Kolkata | 0% |
| Ludhiana | 1% |
| Mandi | 1% |
| Mumbai | 0% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on Dec 16th as compared to 9th Dec 2011
JSTI
Grade A
250X125
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 0% |
| Kanpur | 1% |
| Kolkata | 0% |
| Ludhiana | 1% |
| Mandi | 1% |
| Mumbai | 0% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on Dec 16th as compared to 9th Dec 2011
3. Flat products
Indian mills might be just bidding their turn to flex with nearly asphyxiated Indian Rupee. The rupee having depreciated by 18% over since August has rung alarm bells for the economic health. However with Rupees hitting all time low at INR 53.715 might be blessing in disguise for the Indian flat steel manufacturers.
Mauled by aggressive export bookings the recent accelerated fall in Indian Rupee has taken the sheen of import bookings to some extent. Undeniably the global HRC prices have remained on corrective course till last week with no respite in sight, but an eerie silence has gripped the import market in India.
HRC
Tube
2.5x1250
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 1% |
| Kolkata | 0% |
| Ludhiana | 2% |
| Mumbai | 0% |
Change is on Dec 16th as compared to 9th Dec 2011
Patra
| Location | Change |
| Delhi | 0% |
| Ludhiana | 1% |
| Mandi | 1% |
Change is on Dec 16th as compared to 9th Dec 2011
Plates
Grade A
8X1250/1500
| Location | Change |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 0% |
| Rudrapur | -1% |
Change is on Dec 16th as compared to 9th Dec 2011
Plates
GRADE B
12-20X2500
| Location | Change |
| Ahmedabad | 0% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 0% |
| Raipur | 0% |
| Rudrapur | -1% |
Change is on Dec 16th as compared to 9th Dec 2011
CR
DSK
0.63x1000
| Location | Change |
| Ahmedabad | 0% |
| Chennai | 0% |
| Delhi | 1% |
| Kanpur | 0% |
| Kolkata | 0% |
| Ludhiana | 0% |
| Mumbai | 0% |
| Pune | 0% |
| Rudrapur | 0% |
Change is on Dec 16th as compared to 9th Dec 2011
GP
100Gms
0.4
| Location | Change |
| Mumbai | 0% |
| Chennai | 0% |
| Kolkata | 0% |
| Delhi | 0% |
| Ludhiana | 3% |
| Kanpur | 0% |
| Rudrapur | -1% |
| Bangalore | 0% |
Change is on Nov 25th as compared to 18th Nov 2011
GC
100Gms
0.4
| Location | Change |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Kanpur | 0% |
| Kolkata | 0% |
| Mumbai | 0% |
| Ludhiana | 0% |
| Rudrapur | -1% |
Change is on Dec 16th as compared to 9th Dec 2011
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.
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