The Indian long product markets remained clouded by the shortage on the raw material side. With the iron ore mess getting deeper by each passing day, prices of input materials continued to climb last week pushing prices of finished longs across the country. The weak INR also contributed as imported scrap prices, already up globally in last 2-3 weeks, remained high for Indian steel mills on landed basis. In all likelihood, Indian steel mills will go for a hike in January beginning.
On the other hand, flat products prices continued to go down last week reflecting the realities on demand side.
The Indian Long Product Price Index ILPPI has gone up by 59 points last week whereas Indian Flat Products Index IFPPI has gone down by 24 points. The overall price index INDSPI inclined by 20 points.
| Class | 16-Dec | 23-Dec | Change | % |
| ILPPI | 8834 | 8893 | 59 | 0.7% |
| IFPPI | 8837 | 8813 | -24 | -0.3% |
| INDSPI | 8835 | 8855 | 20 | 0.2% |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 16-Dec | 23-Dec | Change | % |
| PI - TMT | 8915 | 9023 | 108 | 1.2% |
| PI - WRC | 9083 | 9108 | 25 | 0.3% |
| PI - Angle | 8367 | 8394 | 27 | 0.3% |
| PI - Channel | 8478 | 8512 | 34 | 0.4% |
| PI - Joist | 7783 | 7810 | 27 | 0.3% |
PI - Product Index
Flat products
| Category | 16-Dec | 23-Dec | Change | % |
| PI - Narrow Plates | 8374 | 8380 | 6 | 0.1% |
| PI - Wide Plates | 8760 | 8752 | -8 | -0.1% |
| PI - Hot Rolled | 8639 | 8609 | -30 | -0.3% |
| PI - Cold Rolled | 9563 | 9528 | -35 | -0.4% |
| PI - Galvanized | 9204 | 9180 | -24 | -0.3% |
PI - Product Index
These indices have base of 10,000 as on July 1st 2008
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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 23rd as compared to 16th Dec 2011
Alang
| Product | Size | Change |
| Plate cuttings | 1" | 0% |
| Ships | Mixed | 0% |
Change is on Dec 23rd as compared to 16th 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 23rd as compared to 16th Dec 2011
Pig Iron
| Location | Change |
| Agra | 0% |
| Jallandhar | 0% |
| Kolkata | 0% |
| Ludhiana | 4% |
| Raipur | 0% |
Change is on Dec 23rd as compared to 16th Dec 2011
Sponge iron
| Location | Change |
| Bellary | 0% |
| Kolkata | 0% |
| Ludhiana | -1% |
| Raigarh | 0% |
| Raipur | 0% |
| Rourkela | 0% |
Change is on Dec 23rd as compared to 16th 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 23rd as compared to 16th 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 23rd as compared to 16th 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 23rd as compared to 16th Dec 2011
CHNL
Grade A
75/40
| Location | Change |
| Ahmedabad | 1% |
| Bangalore | 0% |
| Chennai | 0% |
| Delhi | 0% |
| Indore | 0% |
| Kanpur | 1% |
| Kolkata | -2% |
| Ludhiana | 1% |
| Mandi | 1% |
| Mumbai | 0% |
| Raipur | 0% |
| Rudrapur | 1% |
Change is on Dec 23rd as compared to 16th 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 23rd as compared to 16th Dec 2011
3. Flat products
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 23rd as compared to 16th Dec 2011
Patra
| Location | Change |
| Delhi | 0% |
| Ludhiana | 1% |
| Mandi | 1% |
Change is on Dec 23rd as compared to 16th 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 23rd as compared to 16th 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 23rd as compared to 16th 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 23rd as compared to 16th 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 23rd as compared to 16th Dec 2011
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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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