Steel makers across all parts of globe, citing surge in costs of iron ore and coking coal, have hiked steel prices in last 3 months leaving steel users in lurch. Now the big question is that weather the hikes are sustainable ie to what extant steel makers would be able to pass the higher costs to buyers and what would be the steel price scenario in April to June quarter.

While the global miners remain upbeat on prices of iron ore and coking coal in April to June quarter, several factors are weighing heavily on steel prices.

Chinese premier has recently emphasized that the government will take all measures to cool down economy. This is being reflected in Chinese domestic prices, which have been sliding every day since February 22nd 2011. Political unrest in Middle East and North Africa has compounded the problem as many of the captive export markets for Black Sea based and Turkish mills have suddenly vanished creating a vacuum, forcing them to find alternate destinations.

Since mid of February the wind, that was till then strongly blowing towards generally applied price increases, has progressively changed direction and during last days it seems having substantially changed directions.

While billets and long products prices had started to weaken in the 2nd half of February, recent reports from Europe reflect starting of correction for flat products as well. Different Mills, including Russian ones, have decided for cutting down their respective official quotations for hot rolled by EUR 20 per tonne to EUR 30 per tonne.

However these cuts have not been able to lift any interest from buyers. On the contrary, the sensation that a U turn in the price trend is about to happen it's now spreading around the market.

How all these developments affect domestic prices in India in coming times?

If steel prices determine the health of your business, we recommend you to join our upcoming event. You will also get to meet and network with hundreds of steel buyers and sellers.

SteelGuru and IPFonline are organizing Indian Steel Markets 2011 Conference on 15-16 March 2011 at Hotel Leela Kempinski in Gurgaon NCR Delhi, where Industry experts from Brazil, Russia, India and China (BRIC) would dwell in depth on the demand drivers as well as the likely scenario. It would help you to understand the dynamics underlining the pricing dynamics in Indian scenario amid global forces.

To know more about it visit http://events.steelguru.com/

The impressive list of speakers, so far, includes
* Mr Narendra Chaudhary, Consultant
* Mr Malay Mukherjee, CEO, Essar Steel
* Mr HM Nerurkar, MD, TATA Steel
* Mr Jayant Acharya, Director, JSW Steel
* Mr VK Mehta, ED, Long Products & ITD, SAIL
* Mr Peeyush Gupta, Chief of Marketing & Sales Flat, TATA Steel
* Mr V R Sharma, Dy MD & CEO Steel, JSPL
* Mr Anand Sen, Vice President, TQM & Shared Services, TATA Steel
* Mr Dilip Oomen, CEO Indian Steel Business, Essar Steel
* Mr Abraham Stephanos, COO, TATA Steel Processing & Distribution
* Dr AS Firoz, Chief Economist, MoS
* Mr Vineet Mehra, MD, Stemcor India
* Ms Swati Agrawal, GM and Regional Head, CARE Ratings
* Mr Soli Mullen, Head Steel Procurement , Godrej & Boyce
* Mr Joachim Schroder, CEO, RCG
* Mr John Lichtenstein, Global MD Metals & Mining, Accenture
* Mr Viacheslav Popov, Deputy Head, DERZHZOVNISHINFORM (DZI)
* Mr Wu Wenzhang, President, SteelHome
* Dr Germano Mendes de Paula, Professor, University of Uberlandia
* Mr Rudolf Buhler, Director Technical, Brazil Steel Institute
* Mr Hauke Moje, RCG Brazil
* Mr Alexander Siryk, VP RCG, CIS
* Dr Mohamad Alawad AlSwiri, MD, MASCO Syria Company

So far, delegates from 146 companies have registered and final number can be anything as the speed of confirmations is picking up now

To know more about this event, please visit: http://events.steelguru.com

Registration fee
For one person - INR 13236
For two persons - INR 11030 per person
For more than two persons - INR 9927 per person
Registration Fee Includes 10.3% Service Tax

For registration, contact
Mr Pearson Chiru
events@steelguru.com
+91 9871403793

For sponsorship opportunities and booth, contact
Mr Rajeev Kumar
rajeev@ipfonline.com
+91 9810381293