Kazakhmys sees 2010 flat after copper output slides

Reuters reported that Kazakh copper producer Kazakhmys forecast no output growth this year after shutting mines to save cash in 2009 and seeing Q4 production slide by 25%. Investors will have to wait until at least 2011 for the company's growth projects to lift output. It sealed a deal last year for USD 2.7 billion in financing for expansion projects. The London listed company said that in a production report that it slightly exceeded its 2009 output target of 315,000 tonnes of copper cathode, coming in with 320,400 tonnes, but this was 6.6%...

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Downsizing deals - Mr Berlusconi warns Alcoa on closures

FT reported that Mr Silvio Berlusconi, the Italian premier, warned Alcoa, the US aluminium producer, that it risked damaging its relations with the Italian government if it went ahead with its decision to shut down two smelters. In a letter to Mr Klaus Kleinfeld, Alcoa CEO, Mr Berlusconi urged the US giant not to act on its decision to shut down two smelters by February 6 and to wait for the outcome of Alcoa's appeal to the European Commission over electricity subsidies. Mr Berlusconi said that shutting down the two plants in Sardinia and near...

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Monday Market Monitor - Metals (WEEK 04) - Gloom prevails

Base metals continued their downward journey last week with copper hitting a 2 month low on Friday. Surprisingly strong US economic growth figures were outweighed by a firmer dollar and lingering worries over potential monetary tightening in China. The US economy grew at a faster than expected 5.7% in the fourth quarter, the quickest pace in more than six years but metals retraced gains amid lingering concern about China's move on January 12 to raise domestic banks' reserve requirement ratio, a possible precursor to rate hikes. Investors further...

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Outlook for nickel by Kedia Commodity

Nickel has traded with the positive node and settled 0.91% up at 840.4. Some support had been seen from the LME stock also which came down by 186 million tonnes, the total stock at LME is now at 163518 million tonnes. In the trading session, nickel has touched the low of 825.5 after opening at 831.9, and finally settled at 840.4. For today's session, market is looking to take support at 825.6, a break below could see a test of 810.80 and where as resistance is now likely to be seen at 855.1, a move above could see prices testing 869.80. Spread...

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Taigang Stainless to up stainless seamless pipe output

It is reported that Shanxi based Chinese stainless steel producer Taigang Stainless Steel produced 6,000 tonnes of stainless seamless pipe in 2009, basically equivalent to the output level for the previous year. Meanwhile, Taigang Stainless Steel forecasts a significant rise in its production of stainless seamless pipe in 2010, recalling that on December 16th 2009 its 6,000 tonnes extruding machine, part of its new 50,000 tonnes stainless seamless pipe project, succeeded in producing its first stainless seamless pipes. (Sourced from http://w...

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Jinchuan takes stake in Tanzanian Royalty nickel project

Tanzanian Royalty Exploration announced that Jinchuan Mining has agreed to participate in the exploration and development of the Company's Kabanga nickel properties in northwestern Tanzania. Following the recent conclusion of an option agreement with Beijing Songshanheli Mining Investment Co Ltd, which previously held the properties under an exclusive agreement with Tanzanian Royalty, Jinchuan Mining has agreed to act as operator and hold complete financial responsibility for all exploration activities on the nickel exploration licenses. Jinchuan...

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China approves Baosteel stainless steel plate standard

Based on the authorization of China's State Administration of Inspection and Quarantine, experts from the country's national steel product research and test center have announced that the stainless steel plate produced by Baosteel is in accordance with the requirements for manufacturing special equipment (including high pressure containers, elevators and hoisting machines). With its manufacturing license for special equipment, Baosteel's production line for stainless steel plate will now be able to produce materials destined for special equipment...

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Downsizing deals - ArcelorMittal to restart a BF at Indiana mill

Company and union officials said that steelmaker ArcelorMittal is planning to restart a blast furnace at a northwestern Indiana mill in a move that could put hundreds of workers back on the job. ArcelorMittal said that it is increasing production at the East Chicago plant in response to Sourse: More I...

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Macroeconomic indicators - US new home sales fell unexpectedly in December

Reuters reported that sales of newly built single family homes in US fell unexpectedly in December 2009 as the bounce from an initial tax credit fizzled, the latest sign that the government led housing recovery might be losing some steam. The government data followed a report showing a Sourse: More I...

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IMF warns on money flows into emerging markets

The International Monetary Fund said that the rapid flow of money into emerging markets is beginning to raise concerns about asset prices overheating, and policymakers cannot afford to be complacent. IMF said in an update of its Global Financial Stability Report that while the rise in asset Sourse: More I...

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Chinese plate price remain flat on Jan 29

Plates 20mm Common Location In CNY In USD Beijing 0 0 Changsha 0 0 Chengdu 0 0 Chongqing 0 0 Fuzhou 0 0 Guangzhou 0 0 Hangzhou 0 0 Harbin 0 0 Hefei 0 0 Jinan 0 0 Kunming 0 0 Lanzhou 0 0 Nanchang 0 0 Nanjing 0 0 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan 0 0 Xian 0 0 Zhengzhou 0 0 Average 0 0 Change is on 29th January as compared to 28th January 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe to services...

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Chinese steel wire rod price movement

WRC 6.5mm Common Location In CNY In USD Changsha 0 0 Chengdu 0 0 Chongqing -8 -1 Guiyang 0 0 Hangzhou 0 0 Harbin 0 0 Kunming 0 0 Nanchang -21 -3 Nanjing 0 0 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan 0 0 Zhengzhou 0 0 Average -1.8125 0 Change is on 29th January as compared to 28th January 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to...

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Chinese domestic HR steel prices shown improvement

HRC 4.75mm Common Location In CNY In USD Beijing 17 2 Changsha 0 0 Chengdu 0 0 Chongqing 0 0 Fuzhou 0 0 Guangzhou 0 0 Hangzhou 0 0 Harbin 0 0 Hefei 0 0 Jinan 0 0 Kunming 0 0 Lanzhou 0 0 Nanchang 0 0 Nanjing 0 0 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 0 0 Taiyuan 59 9 Tianjin 0 0 Urumchi 0 0 Wuhan 0 0 Xian 0 0 Zhengzhou 0 0 Average 3 0 Change is on 29th January as compared to 28th January 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily basis, subscribe...

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Chinese steel rebar prices start decreasing again

Rebar 20mm HRB 400 Location In CNY In USD Beijing 0 0 Changsha -31 -5 Chengdu 0 0 Chongqing -10 -1 Fuzhou 0 0 Guangzhou -20 -3 Guiyang 0 0 Hangzhou 0 0 Harbin 0 0 Hefei 0 0 Jinan 0 0 Kunming 0 0 Lanzhou 11 2 Nanchang -20 -3 Nanjing 0 0 Shanghai 0 0 Shenyang 0 0 Shijiazhuang 0 0 Taiyuan 0 0 Tianjin 0 0 Wuhan 0 0 Xian 0 0 Zhengzhou 0 0 Average -3 0 Change is on 29th January as compared to 28th January 2010 Change is per tonne USD:CNY = 6.83 To know exact prevailing steel prices in China on daily...

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Wire rod prices down in Raipur on Jan 29

WRC SWR14 5.5/6 Location Change Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Raipur -178 Rudrapur 0 Change is on 29th January as compared to 28th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Mundra Port net up in Q3 2009 | Mundra Port net up in Q3 2009

Mundra Port on standalone basis, the company has announced a phenomenal rise for the quarter ended December 2009. During the quarter, the profit of the company rose 61.94% to INR 1,632.58 million from INR 1,008.12 million in the same quarter previous year. Net sales for the quarter rose Sourse: More I...

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Crompton Greaves earnings up in Q3 2009

Crompton Greaves has announced a phenomenal rise in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company rose 59.76% to INR 1,354.30 million from INR 847.70 million in the same quarter previous year. Net sales for the quarter for the Sourse: More I...

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Chinese province wise wire rod output in 2009

It is reported that China province wise wire rod output during January to December 2009 total 95.9 million tonnes which Hebei topping the table. Province Dec'09 Dec'08 Change 2009 2008 Change Total 8.7 7.1 23.5 95.9 79.3 20.9 Hebei 1.8 1.7 6.9 19.3 14.9 29.6 Jiangsu 0.8 0.8 -1.8 10.5 9.9 6.1 Henan 0.7 0.4 82.3 7.3 5.9 22.9 Shandong 0.4 0.4 23.8 6.5 6.2 4.7 Shanxi 0.6 0.3 104.5 5.8 4.2 38.4 Liaoning 0.4 0.4 8.5 5.0 4.0 25.7 Jiangxi 0.4 0.3 19.9 4.6 3.1 46.5 Guangdong 0.4 0.3 39.8 3.7 3.1 19.1 Hunan 0.2 0.2 10 3.1...

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Chinese steel price index remains flat

The Chinese Long Product Price Index CLPPI went down by 3 points whereas the Chinese Flat Products Index CFPPI up by 2 points. The overall price index CHISPI remains flat. Class 28-Jan 29-Jan Change % CLPPI 6169 6165 -3 -0.1% CFPPI 6361 6362 2 0.0% CHISPI 6277 6277 0 0.0% CLPPI - Chinese Long Product Price Index CFPPI - Chinese Flat Product Price Index CHISPI - Chinese Steel Price Index Long Products Category 28-Jan 29-Jan Change % PI - WRC 5379 5377 -2 0.0% PI - Rebar 7124 7119 -5 -0.1% PI- Product Index Flat Products Category...

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Narrow HR plate price falls in Chennai

PLTS GR A 8x1250 Location Change Chennai -315 Kanpur 0 Mumbai 0 Rudrapur 0 Change is on 29th January as compared to 28th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Steel joist (Beam) prices scenario in major places

JSTI GR A 250X125 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 0 Mumbai -225 Raipur -208 Rudrapur 0 Change is on 29th January as compared to 28th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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Steel light channel prices update on Jan 29

CHNL GR A 75/100 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore -200 Kanpur 0 Kolkata 0 Mandi -312 Mumbai -225 Raipur -208 Rudrapur 0 Change is on 29th January as compared to 28th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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GMR Infra Q3 PAT plunges by 85pct to INR 9 crore

It is reported that GMR Infrastrucutre, a Bangalore based infrastructure major reported a decline of 85% in its net profit at INR 9.2 crore for the quarter ended December 31st 2009 as compared to INR 61.3 crore in the same quarter previous year. During the quarter the company acquired 70% Sourse: More I...

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Steel joist (Beam) prices scenario in major places

JSTI GR A 250X125 Location Change Ahmedabad -520 Bangalore 1800 Chennai -1000 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 1040 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 28th January as compared to 27th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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Plate cuttings prices update

Product Grade Size Change Plate cuttings Rolling 1" 100 Ship Scrap Melting Mixed -200 Change is on 28th January as compared to 27th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Pencil ingot price crash remains unabated on Jan 28

Pencil ingot Location Change Ahmedabad -600 Bhiwari -1200 Durgapur -277 Ghaziabad -500 Hyderabad -1000 Jaipur -300 Jamshedpur 0 Kanpur 0 Kolkata -647 Mandi -554 Mumbai 0 Muzzafarnagar -355 Nagpur -370 Raigarh 0 Raipur -185 Rourkela -277 Rudrapur 0 Change is on 28th January as compared to 27th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly...

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Al Naboodah bags contract to build railway station at NDIA

MEED reported that a JV of UAE based Al Naboodah Contracting and South Africa’s Group Five has won an estimated QAR 400 million contract to build a railway station at the USD 11 billion New Doha International Airport. The 2 year project, known as the Passenger Railway Station Box, Sourse: More I...

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Rays of recovery - Kuwaiti residential segment expected to pick up

1. Utilization rates are expected to be in the range of 65 % to 70%. With lesser projects continuing because of the economic uncertainty, the demand of cement has declined because of which the utilization rates of cement manufacturers have gone down to an average of 75% as of 9 months of Sourse: More I...

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Rebar on an upward trend for the second week in a row

According to the index pricelist issued by the Jordanian Chamber of Industry in cooperation with steel mills in Jordan, Rebar mills in Jordan have announced higher quotes for their products. These prices were made effective for one week starting January 25th 2010. This rise is the second in a Sourse: More I...

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Steel light channel prices update on Jan 28

CHNL GR A 75/100 Location Change Ahmedabad -563 Bangalore -700 Chennai -1000 Delhi 0 Indore -200 Kanpur 0 Kolkata 0 Mandi -208 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 28th January as compared to 27th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet...

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Steel angle prices update on Jan 28

ANGL GR A 65X6 Location Change Ahmedabad -563 Bangalore -1500 Chennai -1000 Delhi 0 Indore -200 Kanpur 0 Kolkata 0 Mandi 832 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 28th January as compared to 27th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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Wire rod prices decrease in Chennai

WRC SWR14 5.5/6 Location Change Chennai -500 Delhi 0 Kanpur 0 Kolkata 0 Raipur 0 Rudrapur 0 Change is on 28th January as compared to 27th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Emirates Steel to consolidate its debt financing in 2010

Emirates Steel is finalizing plans to consolidate its debt financing and intends to launch the first major Project Finance transaction for the year in the GCC in Q1 2010. Emirates Steel is looking to raise USD 1.5 billion through limited recourse financing to cover the financing needs of its Sourse: More I...

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Iranian steel pipe prices decrease due to weak demand

It is reported that because of the weak welded pipe market demand, some of Iran's local distributors have reduced their stock offer price by USD 15 per tonne to USD 45 per tonne. However, Iran's tube & pipe producers have not been willing to reduce their offer price at this moment they Sourse: More I...

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Dodsal bags Abu Dhabi pipeline contracts

Dodsal has secured contracts worth over $US160 million to construct two gas pipelines in Abu Dhabi. The first contract is for the replacement of a 100 kilometers, 36 inch diameter pipeline linking Abu Dhabi Gas Industries’ Thamma C production facilities in the northeast to the Sourse: More I...

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Erdemir to keep HRC price unchanged for February

Erdemir Group has announced its HRC price will remain unchanged for February shipment. However, the company may raise its HRC price for March shipment. Actually, most of Erdemir's steel allocation will supply the domestic market. It is about four months long that Erdemir had not Sourse: More I...

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Metalloinvest Hamriyah Steel launches trial production

Reuters quoted Metalloinvest as saying that its new Hamriyah Steel plant in the UAE will achieve full operating capacity by the end of this year. As per report, the plant which will have capacity to produce 1 million tonnes of rebar annually for the construction industry, launched trial Sourse: More I...

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Lanco Infratech bags 5 contracts for power plant in Maharashtra

Lanco Infratech announced that it bagged contracts, totaling value of INR 56.75 billion. The first contract is for offshore supplies equivalent to INR 21.6 billion, the second for civil works of INR 10.21 billion, the third for onshore supplies of INR 17.56 billion and the fourth for Sourse: More I...

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Pratibha Industries Q3 profit up by 6pct YoY

Pratibha Industries disclosed a small rise in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company rose 5.91% to INR 109.80 million from INR 103.68 million in the same quarter last year. Net sales for the quarter for the quarter rose Sourse: More I...

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Indian steel price index continues on downward trend

The Indian Long Product Price Index ILPPI went down by 53 points whereas Indian Flat Product Price Index IFPPI went down by 12 points. The overall Indian Steel Price Index INDSPI down by 33 points Class 25-Jan 27-Jan Change % ILPPI 6873 6820 -53 -0.8% IFPPI 7457 7446 -12 -0.2% INDSPI 7151 7118 -33 -0.5% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 25-Jan 27-Jan Change % PI - TMT 6641 6579 -62 -0.9% PI - WRC 7403 7343 -60 -0.8% PI - Angle 6473 6433...

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Plate cuttings prices update on Jan 27

Product Grade Size Change Plate cuttings Rolling 1" 100 Ship Scrap Melting Mixed -200 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Wide steel plate price update on Jan 27

PLTS GR B 12-20x2.5 Location Change Ahmedabad -277 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur -267 Kolkata 0 Mumbai 0 Raipur 0 Rudrapur -267 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address...

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Steel melting scrap price crashes further on Jan 27

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad -500 Kandla 0 Kanpur -444 Kolkata -462 Mandi -92 Mumbai -300 Rudrapur -800 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Pencil ingot price movement down across India on Jan 27

Pencil ingot Location Change Ahmedabad -200 Bhiwari 0 Durgapur -277 Ghaziabad -200 Hyderabad 0 Jaipur -300 Jamshedpur 0 Kanpur -711 Kolkata -185 Mandi -92 Mumbai -200 Muzzafarnagar 0 Nagpur -185 Raigarh 0 Raipur 0 Rourkela -185 Rudrapur -800 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note...

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Hero Honda Q3 profit zooms to INR 536 crores

Hero Honda Motors Limited has announced the Unaudited financial results for the quarter ended December 31st 2009. The Company has posted a net profit of INR 5357.70 million for the quarter ended December 31st 2009 as compared to INR 3004.20 million for the quarter ended December 31st 2008. Sourse: More I...

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Sponge iron price update on Jan 27

Sponge iron Location Change Bellary -100 Kolkata 700 Raigarh 0 Raipur 100 Rourkela 0 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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GC (HDG) price scenario on Jan 27

GC 100Gms 0.40 Location Change Bangalore 0 Chennai 0 Delhi 0 Kanpur 0 Kolkata 277 Ludhiana 92 Mumbai 0 Rudrapur -355 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Macroeconomic indicators - Sri Lanka private industrial production up in October

According to an official index with apparel and textiles showing signs of recovery, Sri Lanka's private sector industrial production was up 3.4% in October from a year earlier. The apparel, textile and leather sector grew 2.5% in October 2009 from a year earlier on an index compiled by the Sourse: More I...

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HRC prices increase on Jan 27

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kolkata 0 Ludhiana 277 Mumbai 0 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Patra (Narrow HR strips) increase in Ludhiana

Patra Location Change Delhi 0 Ludhiana 185 Mandi 0 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced from www.st...

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Narrow HR plate update on Jan 27

PLTS GR A 8x1250 Location Change Chennai 0 Kanpur -178 Mumbai 0 Rudrapur -355 Change is on 27th January as compared to 25th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Chinese steel price index continues on downtrend

The Chinese Long Product Price Index CLPPI went down by 9 points whereas the Chinese Flat Products Index CFPPI went down by 14 points. The overall price index CHISPI went down by 12 points. Class 26-Jan 27-Jan Change % CLPPI 6186 6178 -9 -0.1% CFPPI 6375 6361 -14 -0.2% CHISPI 6293 6281 -12 -0.2% CLPPI - Chinese Long Product Price Index CFPPI - Chinese Flat Product Price Index CHISPI - Chinese Steel Price Index Long Products Category 26-Jan 27-Jan Change % PI - WRC 5396 5390 -7 -0.1% PI - Rebar 7142 7131 -11 -0.2% PI- Product...

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Ircon International declares interim dividend of 212pct

Ircon International Limited has announced that the Board of Directors of the Company at its meeting held on January 25th 2010, inter alia, has declared an interim dividend INR 21.20 per share of INR 10 per share of the paid up share capital of INR 9898 crores for 2009 to 2010, as recommended Sourse: More I...

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Movement of oversized vehicles on roads in India

The Road Transport and Highways Ministry is reportedly considering allowing movement of trucks and tractor trailers with dimensions larger than what is prescribed in the Central Motor Vehicles Act, 1988, on the roads for some more time. A notification extending the period for which the Sourse: More I...

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Mercator Lines bags INR 1000 crore deal

Mercator Lines Limited has signed 7 year contract to charter out a mobile offshore production unit and a floating storage and offloading unit through its wholly owned subsidiary in Singapore. As per report, the charter will come into force from September 2010. The estimated value of the Sourse: More I...

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CCI approves sanction for Southern Railway electrification project

The Hindu Business reported that the Cabinet Committee on Infrastructure has approved the electrification of the Shoranur Mangalore Penambur section of Southern Railway at a total cost of INR 302.5 crore. The project is planned to be completed in 5 years and will be executed by Central Sourse: More I...

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Vietnamese coal sector must focus on labour safety - Mr Trung

According to Mr Hoang Trung Hai Deputy Prime Minister of Vietnam at the Vietnam Coal and Mineral Industries Group conference to review the work done in 2009 and implement tasks for 2010 in Hanoi on January 23rd, that ensuring labour safety is the responsibility of not only each worker but also each production team in order to minimize accidents in coal exploitation. Mr Hai also asked the group to boost coal production for domestic consumption and export as well as ensure energy balance. He said that Vietnam’s coal demand is estimated at 200 million...

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Guizhou Panjiang net profit for 2009 may surge by 50pct

China Knowledge reported that Guizhou Panjiang Refined Coal Co Ltd announced that its estimated net profit for 2009 was up more than 50% from the CNY 540.04 million it reaped in 2008 and that its earnings per share for 2008 were CNY 0.91. Last year, the coal producer sold 3.4 million tonnes of refined coal, an amount 470,000 tons more than the 2.93 million tonnes it sold in 2008. Its sales volume of blended coal was 3.32 million tonnes, 1.41 million tons more than in 2008. Reportedly, Guizhou Panjiang Refined Coal last month planned to invest...

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JSC Khartsyzsk production performance for 2009

JSC Khartsyzsk Tube Works, part of Metinvest Group, in December 2009 produced 18,940 tonnes of large diameter pipes. In December, KhTW produced 18,940 tonnes of large diameter pipes, which is by 2,050 tonnes below November performance. Product Dec'09 Nov'09 Change LDP 18,937 20,989 -10.84% In tonnes December production decline is due to the month production program. Product 2009 2008 Change LDP 523,152 387,746 25.88% In tonnes JSC Khartsyzsk Tube Works (KhTW) is the largest plant in CIS that manufactures large diameter longitudinal...

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China steel product output in 2009

It is reported that China province wise steel product output during January to December 2009 total 692.4 million tonnes which Hebei topping the table. Province Dec'09 Dec'08 Change J-D'09 J-D'08 Change Total 64.6 49.2 31.4 692.4 584.3 18.5 Hebei 14.9 11.4 30.9 151.3 119.3 26.8 Jiangsu 7.0 5.6 23.9 78.6 72.5 8.4 Shandong 4.4 4.0 10.5 58.5 50.7 15.5 Liaoning 4.6 3.5 31.8 49.4 41.3 19.4 Tianjin 3.7 2.6 43.9 40.8 31.3 30.5 Henan 2.8 1.9 44.8 28.8 25.2 14.4 Zhejiang 2.6 1.7 50.6 23.6 18.3 28.7 Shanxi 2.3 1.5 46.4 22.9 19.7...

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S Korea inks eco protection and clean up deal with Mongolia

Yonhap reported that South Korea's Mine Reclamation Corporation has signed an environmental protection and clean up deal with Mongolia that could fuel bilateral business tie ups. As per report, the MoU involves Mongolia's Ministry of Mineral Resources & Energy and a consortium of South Korean construction companies operating in Mongolia and could allow Korean businesses to be involved in proposed reclamation works at the Oyu Tolgoi and Tavan Tolgoi mines. The two regions have vast deposits of coal and large scale development projects slated...

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Shanghai Bank inks deal with China National Coal

China Knowledge reported that Shanghai Pudong Development Bank Co Ltd recently announced that it has signed a strategic cooperation agreement with China National Coal Group Co Ltd in Beijing and will provide it a credit line of CNY 15 billion. The bank will also provide cooperate finance services including enterprise mergers and acquisitions, investment banking, off-shore business and cash management as well as personal finance services to support China National Coal's development. The agreement, which not only provides credit but also strengthens...

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Coal exploitation threatens Qinghai Lake

It is reported that the rampant exploitation of coal resources in northwest China's Qinghai Province is destroying wetlands and posing grave threats to key tributaries that feed into the country's largest saltwater lake. Companies began strip mining over 4,000 meters above sea level in the Qilian Mountains in 2002, even though none had been issued mining licenses by the government. The excavations mainly are concentrated in the two coal-reserve areas of Muli and Jiangcang in Tianjun and Gangcha counties which produce high quality coking coal. So...

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L L Energy announces subcontract agreement for Ping Yi Coal mine operations

L&L Energy Inc a US coal operator serving China vast coal market announced that through its subsidiary, Baoxing Economic and Trade Co Ltd it has subcontracted the operation of the Ping Yi Coal Mine located in Pingguan Town in Guizhou Province of China. Under a fixed fee of approximately USD 876,000 per year, payable either in cash or in L&L common shares, Baoxing is allowed to operate the Ping Yi coal mine facilities of 150,000 ton annual production. The agreement allows Baoxing to operate Ping Yi, to provide the necessary working capital...

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Kogi indigenes to gain from coal exploration

It is reported that Western Gold fields Group Limited a mining company has assured indigenes of Omalar, Dekina and Ankpa Local government of Kogi of adequate compensation for exploring coal in their land. Mr Innocent Ezuma MD & CEO of the company gave the assurance at the two day Environmental Impact Assessment Public forum held on Sunday in Lokoja that “Mining is very human resource intensive; there is no way we can do mining without extensively engaging the host communities.” Ms Ache Idachaba CEO of Greennovative Chain, a Non Governmental...

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Larsen & Toubro takes part in ELECRAMA 2010

Larsen & Toubro Limited has showcased its wide array of electrical products, systems and solutions at ELECRAMA 2010 in Mumbai. L&T’s theme of integrated solutions was exemplified with a display of some of the latest and robust electrical & automation products, live demonstration of Sourse: More I...

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Grasim Industries announces Q3 results

Grasim Industries Limited, an Aditya Birla Group company, has announced its results for the third quarter ended December 31st 2009. Higher volumes and lower input prices have been the key growth drivers. The company’s net revenue was higher by 5% at INR 4,844 crore. PBIDT was higher Sourse: More I...

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Citigroup rates JSW Steel with a Buy and Medium Risk rating

Citigroup rates JSW Steel with a Buy & Medium Risk rating based on the positive Indian steel outlook, strong volume growth and less balance sheet stress. JSW Steel’s adjusted PAT for Q3 2010 was INR 410 crore higher than expectations, driven by 100% YoY jump in volumes a better mix Sourse: More I...

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Slowdown signs - Indian box traffic drops 2pct

It is reported that India's container throughput fell 1.5% during the April to December 2009 period compared to a year ago indicating a slower pace in the decline of box movements amid a gradual recovery in the country's foreign trade. India's exports were up 9.4% in December over Sourse: More I...

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Bharat Forge Q3 net profit at INR 38 crore

FE reported that auto parts maker Bharat Forge posted net profit of INR 37.99 crore for the Q3 ended December 31st 2009. It stood at INR 4.35 crore for the corresponding period last fiscal. The firm has adopted a new provision for accounting, which is related to effects of the foreign exchange rate during the quarter. Therefore, the results are not comparable with that of the year ago period. Bharat Forge said in a filing to the Bombay Stock Exchange that Income from operations stood at INR 507.81 crore for the latest quarter, while the same...

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Drydocks World subsidiary secures vessel building contract

Gulf News reported that a subsidiary of Dubai based Drydocks World has signed a contract to build a large offshore construction vessel for Scottish Highland International, part of Coastline Maritime. Drydocks said in a statement that Southeast Asia Private Limited which operates four Sourse: More I...

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CTCI Corporation to manage EPC work for chemical plant in Saudi

It is reported that Taiwan based CTCI Corporation has been awarded a contract by Saudi Kayan to manage the construction of 210,000 tonne per year amines plant at its mega complex in Saudi Arabia. The source said that under the deal, CTCI will manage the engineering, procurement and Sourse: More I...

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CTCI Corporation to manage EPC work for chemical plant in Saudi

It is reported that Taiwan based CTCI Corporation has been awarded a contract by Saudi Kayan to manage the construction of 210,000 tonne per year amines plant at its mega complex in Saudi Arabia. The source said that under the deal, CTCI will manage the engineering, procurement and Sourse: More I...

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CTCI Corporation to manage EPC work for chemical plant in Saudi

It is reported that Taiwan based CTCI Corporation has been awarded a contract by Saudi Kayan to manage the construction of 210,000 tonne per year amines plant at its mega complex in Saudi Arabia. The source said that under the deal, CTCI will manage the engineering, procurement and Sourse: More I...

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CTCI Corporation to manage EPC work for chemical plant in Saudi

It is reported that Taiwan based CTCI Corporation has been awarded a contract by Saudi Kayan to manage the construction of 210,000 tonne per year amines plant at its mega complex in Saudi Arabia. The source said that under the deal, CTCI will manage the engineering, procurement and Sourse: More I...

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CTCI Corporation to manage EPC work for chemical plant in Saudi

It is reported that Taiwan based CTCI Corporation has been awarded a contract by Saudi Kayan to manage the construction of 210,000 tonne per year amines plant at its mega complex in Saudi Arabia. The source said that under the deal, CTCI will manage the engineering, procurement and Sourse: More I...

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Port workers panel signs 5 year wage settlement pact

A bipartite wage negotiation committee constituted by the Ministry of Shipping, under the chairmanship of Mr SS Hussain chairman of Indian Ports Association signed 5 year wage settlement with 23% hike which is expected to benefit nearly 70,000 different category employees of 12 major ports across the country. The agreement was signed by seven of the 12 members of the 5 federations, representing the workers while 5 members of BWNC, led by Mr PM Mohammed Haneef general secretary of All India Port & Dock Workers Federation declined to sign the...

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BNPP and Audi Bank eye participation in Suez Steel loan

BNP PARIBAS and Audi Bank are considering participating in EGP 2.6 billion loan for Suez Steel Company which is managed by Banque Du Caire by USD 100 million each. Moreover, Arab Investment Bank BOD approved to participate by investing EGP 100 million with a tranche in USD. Sourse: More I...

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Turkey in negotiations with Qatar for gas pipeline

It is reported that Turkey is in negotiations to discuss the development of one of the world's largest gas pipeline projects, which will carry Qatari gas to the Mediterranean Sea. Mr Recep Tayyip Erdogan PM of Turkey told the third World Future Energy Summit that the project was part of Sourse: More I...

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Narrow HR plate price remains flat on major places

PLTS GR A 8x1250 Location Change Chennai 0 Kanpur 0 Mumbai 0 Rudrapur 0 Change is on 22nd January as compared to 21st January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Steel joist (Beam) prices scenario in major places

JSTI GR A 250X125 Location Change Ahmedabad -208 Bangalore 0 Chennai 0 Delhi 0 Indore -300 Kanpur 0 Kolkata -832 Mandi 0 Mumbai -450 Raipur -832 Rudrapur 0 Change is on 22nd January as compared to 21st January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet...

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GC (HDG) price remains flat on Jan 22

GC 100Gms 0.40 Location Change Bangalore 0 Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Ludhiana 0 Mumbai 0 Rudrapur 0 Change is on 22nd January as compared to 21st January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Steel light channel prices update on Jan 22

CHNL GR A 75/100 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore -600 Kanpur 0 Kolkata -728 Mandi 0 Mumbai -450 Raipur -520 Rudrapur 0 Change is on 22nd January as compared to 21st January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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Pencil ingot prices go down in major places on Jan 22

Pencil ingot Location Change Ahmedabad 0 Bhiwari 0 Durgapur 0 Ghaziabad 0 Hyderabad 0 Jaipur -300 Jamshedpur 0 Kanpur 0 Kolkata -277 Mandi -92 Mumbai -400 Muzzafarnagar 0 Nagpur -277 Raigarh 0 Raipur -647 Rourkela 0 Rudrapur 0 Change is on 22nd January as compared to 21st January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a...

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TATA Power Q3 net profit up by 40pct YoY

TATA Power has posted a 40% YoY higher net profit at INR 141 crore for the third quarter of this fiscal, up from INR 101 crore in the same period last year, thanks to lower fuel expenditure and cheaper power from other sources. The operating income was down by 12% YoY at INR 1,566 crore Sourse: More I...

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Adani Power registers its CDM project under UNFCCC

BS reported that Adani Power Limited has received certification of its super critical technology based upcoming project at Mundra from United Nations Framework Convention on Climate Change. According to an official release from Adani Power Limited, it is the world's first project based on Sourse: More I...

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Ashok Leyland Alteams JV inaugurates new facility

BL reported that Hinduja group flagship firm Ashok Leyland and Finland based Alteams Group, under their JV Ashley Alteams India Private Limited, has inaugurated their manufacturing facility at Sozhavaram. The new facility would meet Ashok Leyland's requirements for components for engines Sourse: More I...

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BHEL Q3 net rises 36pct

Bharat Heavy Electricals has announced the results for the quarter ended on December 31st 2009. On standalone basis, its net profit stood at INR 10,725.9 million for the quarter ending on December 31st 2009 against INR 7,905.6 million for the quarter ending on December 31st 2008 registering Sourse: More I...

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CCEA approves Alstom Bharat Forge Ltd JVs

The Cabinet Committee on Economic Affairs gave its approval to the proposal of Alstom Power Holdings SA of France, Alstom Technology Limited of Switzerland and Alstom SA of France as recommended by FIPB. The proposal is to establish two JV companies in India with Bharat Forge Limited and or Sourse: More I...

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Steel angle prices movement in India on Jan 22

ANGL GR A 65X6 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore -600 Kanpur 0 Kolkata -728 Mandi 0 Mumbai -450 Raipur -520 Rudrapur 0 Change is on 22nd January as compared to 21st January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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Indian steel price index remains flat

The Indian Long Product Price Index ILPPI increased by 5 points whereas Indian Flat Product Price Index IFPPI down by4 points. The overall Indian Steel Price Index INDSPI remains flat. Class 20-Jan 21-Jan Change % ILPPI 6921 6926 5 0.1% IFPPI 7462 7457 -4 -0.1% INDSPI 7179 7179 0 0.0% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 20-Jan 21-Jan Change % PI - TMT 6667 6680 13 0.2% PI - WRC 7461 7461 0 0.0% PI - Angle 6543 6546 4 0.1% PI - Channel 6576...

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Narrow HR plate price remain flat

PLTS GR A 8x1250 Location Change Chennai 0 Kanpur 0 Mumbai 0 Rudrapur 0 Change is on 21st January as compared to 20th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Steel joist (Beam) prices scenario in major places

JSTI GR A 250X125 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi -104 Mumbai -113 Raipur 0 Rudrapur 0 Change is on 21st January as compared to 20th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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Steel light channel prices update on Jan 21

CHNL GR A 75/100 Location Change Ahmedabad -169 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur -300 Kolkata 0 Mandi 208 Mumbai -113 Raipur 0 Rudrapur 0 Change is on 21st January as compared to 20th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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Pencil ingot price movement in major places on Jan 21

Pencil ingot Ahmedabad -300 Bhiwari 0 Durgapur 0 Ghaziabad 0 Hyderabad -2000 Jaipur 0 Jamshedpur 0 Kanpur -267 Kolkata 0 Mandi -185 Mumbai -100 Muzzafarnagar 0 Nagpur -277 Raigarh 277 Raipur 0 Rourkela 185 Rudrapur 0 Ahmedabad -300 Change is on 21st January as compared to 20th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this...

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GIIC remarkable upswing in production during Q4 2009

Arab Steel reported that Gulf Industrial Investment Company witnessed a remarkable upswing in production during Q4 2009, exceeding 1.075 million tonnes of pellets which is 33% of the overall annual production. According to data got from company sources, in addition, sales for the same Sourse: More I...

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Ezz to open Suez flat steel unit in February 2011

Mr Kamel Galal investor relations manager at Ezz Steel stated that Suez flat steel plant will be inaugurated in the end of next February 2011. He added that the company will operate billet steel production line with 1.2 million tonnes production capacity. According to Mr Galal, Sourse: More I...

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Downsizing deals - Strike ends as ArcelorMittal Annaba gives in

Reuters reported that 9 day strike at ArcelorMittal Annaba has ended after the company agreed to worker demands that it keep a coking plant open. Mr Smain Kouadria union leader told Reuters that “We have decided to stop our strike after ArcelorMittal agreed to renovate the coking Sourse: More I...

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TVS Motor swings to profit in Q3

TVS Motor Company announced the results for the quarter ended on December 31st 2009. On standalone basis, it has posted net profit INR 235.32 million for the quarter ending on December 31st 2009 against loss of INR 9.58 million for the quarter ending on December 31st 2008. Its net sales Sourse: More I...

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Steel angle prices update on Jan 21

ANGL GR A 65X6 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 312 Mumbai -113 Raipur 0 Rudrapur 0 Change is on 21st January as compared to 20th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address...

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GS Auto International set up new unit at Jamshedpur

GS Auto International Limited a manufacturer of automotive suspension and fastening components, trailer axle and suspension parts has embarked an expansion plan with a CAPEX of INR 30 crores for establishing a new manufacturing unit at Adityapur Industrial Estate, Jamshedpur for the Sourse: More I...

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TVS Motor to mull price hikes in coming weeks

Reuters reported that TVS Motor Company Limited will consider increasing prices of its products in the near term to offset an increase in raw material costs, especially steel. Mr HS Goindi president marketing of TVS Motor said that "We are looking at it. We are evaluating the complete Sourse: More I...

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Hyundai to hike car prices by up to INR 9000

PTI reported that Hyundai Motor India will hike prices of its products by up to INR 9,000 to offset rising input costs. Mr Arvind Saxena director sales & marketing of HMIL said that the company will be increasing the prices across all models between 1% and 1.5%. He said that the maximum Sourse: More I...

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Rishabh Digha Steel Board declares Interim Dividend of 10pct

Rishabh Digha Steel & Allied Products Limited has announced that the Board of Directors of the Company at its meeting held on January 19th 2010, inter alia, has Declared Interim Dividend for the year for the year ended March 31st 2010, INR 1 per share of INR 10 per each on 5,486,400 Equity Sourse: More I...

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Melting scrap price update on Jan 21

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad -500 Kandla 300 Kanpur 0 Kolkata 0 Mandi -185 Mumbai 0 Rudrapur 0 Change is on 21st January as compared to 20th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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NTPC tender to open on January 28 2010

PTI reported that state run NTPC would open the bulk tender worth INR 25,000 crore for sourcing power equipment on January 28th 2010. A Power Ministry official said that the global tender was floated in October last year for procuring equipment for 11 supercritical units of 660 MW each. Sourse: More I...

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Narrow HR plate price remain flat on Jan 20

PLTS GR A 8x1250 Location Change Chennai 0 Kanpur 0 Mumbai 0 Rudrapur 0 Change is on 20th January as compared to 19th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Pencil ingot price movement in major places on Jan 20

Pencil ingot Location Change Ahmedabad 0 Bhiwari 0 Durgapur -92 Ghaziabad 0 Hyderabad -1000 Jaipur 100 Jamshedpur 0 Kanpur -267 Kolkata 0 Mandi 185 Mumbai 400 Muzzafarnagar 0 Nagpur Raigarh 277 Raipur -185 Rourkela -924 Rudrapur 0 Change is on 20th January as compared to 19th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this...

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Indian steel price index reflects continued downward trend

The Indian Long Product Price Index ILPPI went down by 14 points whereas Indian Flat Product Price Index IFPPI decreased by 1 point. The overall Indian Steel Price Index INDSPI down by 8 points Class 19-Jan 20-Jan Change % ILPPI 6935 6921 -14 -0.2% IFPPI 7463 7462 -1 0.0% INDSPI 7186 7179 -8 -0.1% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 19-Jan 20-Jan Change % PI - TMT 6697 6667 -29 -0.4% PI - WRC 7461 7461 0 0.0% PI - Angle 6552 6543 -9 -0.1% ...

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Steel joist (Beam) prices scenario in major places

JSTI GR A 250X125 Location Change Ahmedabad -208 Bangalore 0 Chennai -500 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 208 Mumbai 450 Raipur -312 Rudrapur 0 Change is on 20th January as compared to 19th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer...

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Steel melting scrap price shown downfall in major places

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad 0 Kandla 100 Kanpur -267 Kolkata 0 Mandi 185 Mumbai 200 Rudrapur 0 Change is on 20th January as compared to 19th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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Wire rod prices remain flat in major places

WRC SWR14 5.5/6 Location Change Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Raipur 0 Rudrapur 0 Change is on 20th January as compared to 19th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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CR price increase in Kanpur on Jan 20

CR DSK 0.63 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Kanpur 444 Kolkata 0 Mumbai 0 Pune 0 Rudrapur 0 Change is on 20th January as compared to 19th January 2010 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced...

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L and T to invest INR 5000 crore in new factories in Gujarat

The Hindu Business cited Mr AM Naik CMD of Larsen & Toubro Limited as saying that the company to invest INR 5,000 crore on setting up seven new factories in Gujarat and another INR 2,000 crore at Chennai on a shipyard in the next 2 years. Mr Naik said that in the next 5 years, L&T will be Sourse: More I...

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Rishabh Digha Steel Q3 net profit down by 22pct YoY

Rishabh Digha Steel & Allied Products has reported a steep drop in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company declined by 22.75% YoY to INR 1.97 million from INR 2.55 million in the same quarter last year. Net sales for the Sourse: More I...

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