During last 4-5 months, the Indian steel prices volatility is matching that on the stock market, as we are seeing sudden surge and dips.
Indian steel market is indeed on fire, just like December 2009 when prices surged by almost 27%, and it seems history is repeating as Indian domestic steel prices have surged by more than 7% in last 11 days since march opening.
During this period, the Indian Long Product Price Index ILPPI went up by 516 points or 8% to reach 7284 on March 12th 2010 whereas Indian Flat Product Price Index IFPPI surged by 508 points or 7% to reach 8081 on March. The overall Indian Steel Price Index INDSPI also rose by 512 points or 7%
The base for these indices of 10,000 was as on July 1st 2008.
To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html
You can also get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert
If steel happens to be a big ticket item in your business, you would agree that keeping track of steel price trends could immensely improve your bottom line, especially in current turbulent times when Indian domestic prices have seen unprecedented volatility. Whereas timely input on Indian market conditions can keep you in tune with ground realities and help you in better decisions on day to day basis.
www.steelprices-india.com 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.
As steel comes in hundreds of grades shapes and sizes, we have taken benchmark products in each category at select locations to cover the entire basket of garden variety of steel products including input material for steel making and processing. The product covered include iron ore, sponge iron, pig iron, scrap, pencil ingot, billets, rebars, wire rods, sections, HR, plates, CR ,HDG and pipes.
Input
A. Domestic
| Product | Locations |
| Ship Scrap | Alang |
| Melting scrap | Chennai, Hyderabad, Kandla, Kanpur, Kolkata, Mandi, Mumbai, Rudrapur |
| Plate cuttings | Alang |
| Sponge iron | Bellary, Kolkata, Raigarh, Raipur, Rourkela |
| Pig Iron | Agra, Jallandhar, Kolkata, Raipur |
| Iron ore | Barbil ,Bellary |
| Pencil ingot | Ahmedabad, Bhiwari, Durgapur, Ghaziabad, Hyderabad, Jaipur, Jamshedpur, Kanpur, Kolkata, Mandi, Mumbai, Muzzafarnagar, Nagpur, Raigarh, Raipur, Rourkela, Rudrapur |
| Billet | Hyderabad, Kanpur, Kolkata, Mandi, Mumbai, Raipur, Rudrapur |
| Bloom | Kanpur, Kolkata, Mandi, Rudrapur |
Updation: Daily
B. International
| Product | Location |
| Scrap | Rotterdam, Turkey |
| Iron ore | Indian Ports |
| Billets | CIS, China & Turkey |
Updation: Weekly
Long
A. Domestic levels
| Product | Locations |
| Rebars | Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Indore, Kanpur, Kolkata, Mandi, Mumbai, Rudrapur |
| Wire Rods | Chennai, Delhi, Kanpur, Kolkata, Raipur, Rudrapur |
| Sections | Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mandi, Mumbai, Raipur, Rudrapur |
Updation: Daily
B. International levels
| Product | Location |
| Rebars | CIS, China , Turkey |
| Wire Rods | CIS, China , Turkey |
Updation: Weekly
Flat
A. Domestic levels
| Products | Locations |
| HR | Ahmedabad, Bangalore , Chennai, Delhi, Indore, Kanpur, Kolkata, Ludhiana, Mumbai, Pune, Rudrapur |
| CR | Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Pune, Rudrapur |
| HDG | Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Pune, Rudrapur |
| Plates | Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Raipur, Rudrapur |
Updation: Daily
B. International levels
| Product | Location |
| HR | CIS , China |
| CR | CIS , China |
| HDG | CIS , China |
| Plates | CIS , China & India |
Updation: Weekly
Pipes
Black pipes Heavy and GI pipes Medium
| Size |
| 1/2" |
| 3/4" |
| 1" |
| 1 1/4" |
| 1 1/2" |
| 2" |
| 2 1/2" |
| 3" |
| 4" |
| 5" |
| 6" |
Updation: Daily
All these features are accessible only to registered user who is provided with a login id and password after payment is received. To know more about the service, please logon to the web site and click on “Features”, “Subscription” and if you like the services on “Registration”.
This is a paid service with subscription fee of INR 60,000 plus ST for 12 months. This will keep you in tune with daily happenings in Indian and global steel markets for steel prices. Tailor made package with restricted access to match your needs at lower prices are also available.
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com or call us at 0124-4048993.
(Sourced from www.steelprices-india.com)
