Indian steel price index down by 16 points

The Indian Long Product Price Index ILPPI went down by 18 points whereas Indian Flat Product Price Index IFPPI went down by 14 points. The overall Indian Steel Price Index INDSPI by went down 16 points Class 28-May 31-May Change % ILPPI 6889 6871 -18 -0.3% IFPPI 8251 8238 -14 -0.2% INDSPI 7538 7522 -16 -0.2% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 28-May 31-May Change % PI - TMT 6681 6647 -34 -0.5% PI - WRC 7343 7332 -11 -0.1% PI - Angle 6515 6515...

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Pencil ingot price movement in major places

Pencil ingot Location Change Ahmedabad 100 Bhiwari -100 Durgapur 91 Ghaziabad 200 Hyderabad 0 Jaipur 100 Jamshedpur 0 Kanpur -349 Kolkata -181 Mandi 181 Mumbai 0 Muzzafarnagar 349 Nagpur Raigarh 0 Raipur 181 Rourkela 0 Rudrapur -262 Change is on 28th May as compared to 27th May 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...

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Sponge iron price down in Kolkata Bellary and Raipur

Sponge iron Location Change Bellary -200 Kolkata -700 Raigarh 0 Raipur -100 Rourkela 0 Change is on 28th May as compared to 27th May 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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Pig iron price crashes at most places on May 31

Pig iron Foundry Grade Location Change Agra -363 Jallandhar -181 Kolkata -544 Raipur -453 Change is on 28th May as compared to 27th May 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 steel HDG price crashes in Ludhiana

GC 100Gms 0.40 Location Change Bangalore 0 Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Ludhiana -544 Mumbai 0 Rudrapur 0 Change is on 28th May as compared to 27th May 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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Rebar TMT QST price movement in India

TMT Fe 415 12mm Location Change Ahmedabad 0 Bangalore -400 Chennai 0 Delhi -661 Hyderabad 0 Indore -200 Kanpur -600 Kolkata 0 Mandi 208 Mumbai 0 Raipur 0 Rudrapur -1000 Change is on 28th May as compared to 27th May 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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Sponge and induction units closed in Orissa due to - Report

It is reported that at least 35 sponge iron plants and 46 Induction Furnace units in the state remain shut down pushing the fate of over 50,000 workers into uncertainty. As per report, the remaining 70 sponge iron and another 110 induction furnace units are running at less than 50% of their More I...

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Indian steel ministry achievements during the last one year

Mr Virbhadra Singh Indian minister of steel provided details of policy, initiatives & achievements of the ministry of steel during the last one year as under 1. During the year the ministry played a crucial role in providing directives for the Steel industry’s harmonious and More I...

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Mr Vivek Sahai takes over as chairman of Railway Board

Mr Vivek Sahai has taken over as the new Chairman, Railway Board and ex officio Principal Secretary to the Government of India, Ministry of Railways. Prior to this, Mr Sahai has been holding the post of Member (Traffic) Railway Board since 28th December 2009. He replaced Mr SS Khurana who More I...

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Orissa may cancel MoUs with four steel firms - Report

BS reported that Orissa steel and mines department has tightened the noose on four non serious steel players who have made unsatisfactory progress on their proposed projects in Orissa after entering into MoUs with the state government. The four steel companies are 1. Atha Mines Private More I...

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Steel cost optimization tool for auto and white goods sector

The increased input costs are likely to hit the bottom line of auto and white goods companies giving rise to optimization of their steel purchase, which is normally a big ticket item. In general purchase managers are busy in sourcing too many items. Many of them, despite steel being very More I...

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Agony aggravates for long products on the eve of price reduction

The never ending agony of long product market in India seems to intensify with each passing week. The cyclical revival after correction has been prolonged owing to recent atrophic tendencies in the international market. The prices of vital ingredients viz scrap and billets etc receded by More I...

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Steel prices down with speculation - Dr AS Firoz

As Germany and the USA are taking strong measures to curb speculative trading in financial assets, the commodity markets too should not be allowed to be driven by wild speculation supported by flow of low cost money coming from institutions with soft budget constraints. Steel prices have More I...

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Note of thanks on 5th anniversary of steelguru.com

June 1st 2009 marks the beginning of our SIXTH year of operations after a long journey of 1826 days or 260 weeks, since the day of June 1st 2005, when we published the first issue of Steel Trade Today. We are proud to state that More I...

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Kolkata port revives plans for Diamond Harbor box terminal

The proposal for a container terminal at the Diamond Harbor on the Hooghly river under the Kolkata Port Trust is being revived again. The proposal went into backburner as the Defence authorities were opposed to part with its riverfront land identified as suitable for the project. The More I...

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Prakash Industries net in 2009-10 up by 30pct

Domestic steel maker Prakash Industries posted a 30% rise in its net profit at INR 266 crore in the 2009-10 fiscal on the back of higher production, demand and cost reduction in its operations. Prakash Industries in a statement said that "It has reported highest ever net profit of INR 266 crore for the FY'10 as against INR 204 crore in FY'09 mainly driven by marked improvement in capacity utilisation, higher integration and resultantly reduced cost.” For the financial year 2009-10, the company said its net sales stood at INR 1,568 crore as against...

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Get SMS alert for Indian steel price indices

You can now get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert The domestic steel prices across various locations in India are different due to variety of factors and the day to day changes are also different. It is seen More I...

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India emerging as global hub for automotive steel

India may soon emerge as a hub for high value automotive steel manufacturing. The joint venture of TATA Steel and Nippon Steel is a recent effort in this direction. At least two more Japanese companies have already tied up for making automotive steel in India with local partners. A major More I...

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UGSL Q4 net dips

Uttam Galva Steel Limited reported a 27% decline in its net profit at INR 34.27 crore for the fourth quarter of the 2009-10 fiscal mainly due to tax liabilities and change in accounting norms. UGSL had earned a net profit of INR 46.96 crore in the year-ago period. The firm said its More I...

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Utilize directory of Indian steel makers to expand your business

The fast developing Indian steel industries are continuing beyond what most believed was possible. As one of the world's fastest growing economies, India has become the most happening place among world steel market over last few years and thus is in the radar of not only Indian but most of More I...

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POSCO war zone - PPSS urges to shift project from Dhinkia

The much awaited discussion between POSCO Pratirodha Sangram Samiti and Revenue Divisional Commissioner, Central rage which depended on the perspective of POSCO's INR 52,000 crore steel project has shown the rays of new hope for said project in Dhinkia and next meeting on June 5th would clear More I...

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UGSLa to commission Wardha unit by June end

ET reported that Uttam Galva Steel Limited will commission the Wardha unit by June end. The report quoted Mr Ankit Miglani commercial director of UGSL as saying that “We will commission the 0.5 million tonnes steel plant in Wardha district of Maharashtra by the end of the current More I...

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SAIL plans to set up pelletization plant at Gua

Steel Authority of India Ltd plans to set up a 4 million tonne pellet plant at Gua in Jharkhand to use its huge reserves of iron ore fines in the region. The plant, for which it issued a tender, can cost up to INR 1,000 crore and will be part of the INR 12,500 crore capital expenditure More I...

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Monday Market Monitor - India - WEEK 21- Steel makers in peril

Steel prices in Indian domestic market continued southward march last week. While the long products have been hit by abysmal demand ad increasing inventories, flat products are facing sever threat from arrival of low priced imported cargos. Although some steel majors announced price cuts More I...

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Indian steel price index reflects continued slide

The Indian Long Product Price Index ILPPI went down by 36 points whereas Indian Flat Product Price Index IFPPI went down by 25 points. The overall Indian Steel Price Index INDSPI went down by 31 points Class 27-May 28-May Change % ILPPI 6925 6889 -36 -0.5% IFPPI 8276 8251 -25 -0.3% INDSPI 7569 7538 -31 -0.4% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 27-May 28-May Change % PI - TMT 6747 6681 -65 -1.0% PI - WRC 7359 7343 -16 -0.2% PI - Angle 6539...

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HR steel prices loose more sheen on May 28

HRC Tube 2.5x1250 Location Change Ahmedabad -453 Bangalore 0 Chennai 0 Delhi -447 Indore -598 Kolkata 0 Ludhiana -272 Mumbai 0 Change is on 28th May as compared to 27th May 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://steelpric...

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CR steel price crashes in Delhi

CR DSK 0.63 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi -893 Kanpur 0 Kolkata 0 Mumbai 0 Pune 0 Rudrapur 0 Change is on 28th May as compared to 27th May 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 on down movement in major places

Pencil ingot Location Change Ahmedabad -200 Bhiwari -200 Durgapur 0 Ghaziabad -400 Hyderabad 0 Jaipur -400 Jamshedpur -200 Kanpur 0 Kolkata 0 Mandi -363 Mumbai -400 Muzzafarnagar -436 Nagpur -272 Raigarh 0 Raipur -272 Rourkela -181 Rudrapur 0 Change is on 28th May as compared to 27th May 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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Mukand may sell Thane land

ET reported that specialty steel maker Mukand, jointly controlled by the Bajaj and Shah families, is close to selling a part of its land at Kalwa near Thane for about INR 600 crore. The company owns over 60 acres of land at the rolling facility at Kalwa and intends to use the proceeds to More I...

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Rail and SAIL to get units of Burn and Braithwaite - Report

The Union cabinet will soon discuss the restructuring of ailing public sector wagon makers Burn Standard and Braithwaite. The department of heavy industries sent its recommendations to the cabinet on May 14 for the transfer of Burn Standard and Braithwaite units to the railways and Steel More I...

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TATA Steel to raise stake in Canadaian mining firm

It is reported that TATA Steel has entered into a letter of intent to increase its stake in Canadian mining company New Millennium Capital Corp to 27.4 % a move aimed at buffering its European operations from the volatility in raw material prices to some extent. According to intimation from More I...

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POSCO unlikely to invest in Karnataka - Report

It is reported that POSCO is unlikely to set up a steel plant in Karnataka as the state government has not accepted certain conditions put forth by the South Korean steel giant. POSCO had sought a written commitment from the state government on the allocation of iron ore mines, land and More I...

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TATA Sons to infuse cash in TATA Steel

It is reported that TATA Sons will infuse close to INR 1,350 crore in TATA Steel by way of a preferential issue. The main promoter of the TATA group informed the stock exchanges that it would subscribe to 1.5 crore ordinary shares and 1.2 crore warrants. The price will be determined More I...

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Macroeconomic indicators - Indian infrastructure growth moderates in April

The Index of six core industries, having a combined weight of 26.7% in the IIP, stood at 259.6 in April and registered a growth of 5.1% Vs 7.2% in March Combined growth in India's six key infrastructure industries slowed in April, as weak performance in the Coal, Electricity and Finished More I...

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TATA Steel finally lays foundation for steel plant at Kalinga Nagar

It is reported that TATA Steel has finally laid the foundation stone for its proposed 6 million tonne project at Orissa’s Kalinga Nagar plant at Ambagadia after a five year long battle. As per report, there was no opposition or whatsoever from the Bisthapan Virodhi Jana Manch, a More I...

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SAIL announces Q4 and 2009-10 result

Recently anointed a Maharatna company by the Government of India Steel Authority of India Limited took on record its audited financial performance for January to March of FY ’10 showing profit after tax of INR 2,085 crore, with an improvement of 40% YoY. The company achieved net sales More I...

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17 major port projects to be awarded this year

It is reported that around 17 major port projects are scheduled to be awarded this year under build operate and transfer method ranging from new terminals deepening ports building cargo berths to mechanization of handling facilities. Of these projects at least eight are of large size More I...

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Mundra SEZ attracts INR 3000 crore investment

It is reported that the Adani group’s 6,400 hectare Mundra SEZ in Kutch district of Gujarat has attracted over INR 3,000 crore. As many as 21 companies have committed to set up projects there. As per the reports the early entrants include Thermax, Kalyani Alstom Power and Alstom More I...

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Rebar TMT QST price looses INR 551 in NCR Delhi

TMT Fe 415 12mm Location Change Ahmedabad -208 Bangalore 0 Chennai 0 Delhi -551 Hyderabad 0 Indore 0 Kanpur 0 Kolkata 0 Mandi -104 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 27th May as compared to 26th May 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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Indian steel price index down by 13 points on May27

The Indian Long Product Price Index ILPPI went down by 25 points whereas Indian Flat Product Price Index IFPPI went down by 1 point. The overall Indian Steel Price Index INDSPI went down by 13 points Class 26-May 27-May Change % ILPPI 6950 6925 -25 -0.4% IFPPI 8277 8276 -1 0.0% INDSPI 7582 7569 -13 -0.2% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 26-May 27-May Change % PI - TMT 6767 6747 -20 -0.3% PI - WRC 7396 7359 -37 -0.5% PI - Angle 6550 6539...

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HR steel prices down in Ludhiana

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kolkata 0 Ludhiana -363 Mumbai 0 Change is on 27th May as compared to 26th May 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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India to launch USD 11 billion infra debt fund

As per the reports India is planning to float debt funds of USD 5 to USD 11 billion each to fund highways and other large infrastructure projects further to a similar fund announced last week. The government aims to spend about USD 500 billion in the five years to end March 2012 to overhaul More I...

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Shree cement forays into Solar Power sector

It is reported that Shree Cement shall foray into solar power sector and set up plants to generate 50 MW in Rajasthan at a cost of INR 750 crore. As per the reports investment for the proposed venture could be around INR 750 crore according to industry thumb rule as it needs about INR 15 More I...

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Gujarat NRE set to begin work on AP coke project

Gujarat NRE Coke Limited producer of low ash metallurgical coke is all set to begin work on its INR 800 crore Greenfield coke plant at Ativaram village in Nellore district of Andhra Pradesh. Mr Arun Kumar Jagatramka CMD of Gujarat NRE as saying that “The work on the project would More I...

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Gestamp Automotive inaugurates new facility in Pune

Gestamp Corporation a leading global player in automobile components steel service centers and renewable energy sectors inaugurated its state of art manufacturing facility Gestamp Automotive India in Chakan near Pune. The plant their first wholly owned facility in India will manufacture More I...

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PGCIL norms to hit Chinese suppliers - Report

It is reported that the state run Power Grid Corp of India Ltd has made it mandatory for equipment suppliers to have factories in India to participate in its tenders, adding the move will hurt Chinese firms. The newspaper quoted the transmission company's chairman as saying that poor after More I...

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JSW Steel denies acquisition of stake in Rathi Bars

JSW Steel clarified that no proposal for acquiring of majority stake in Rathi Bars is currently under our consideration. The aforesaid clarification was with respect to the media reports stating JSW Steel acquire majority stake in Rathi More I...

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Cut your project costs by optimizing steel purchases

Steel purchase is always a big ticket item in all projects and project managers and purchase in charge are normally looking to buy their steel requirements at correct market prices in time to meet their deadlines. But, as the purchase managers are busy in sourcing too many items, many of More I...

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SAIL and POSCO JV in stake tussle - Report

The Telegraph reported that Steel Authority of India Ltd wants its planned joint venture with POSCO to be a 50:50 one, while the Korean steel maker will not transfer its proprietary FINEX technology to a company where it does not have majority stake. Mr SK Roongta chairman of SAIL said that More I...

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POSCO war zone - Fact finding team calls for scrapping project

The Hindu reported that a fact finding team which visited several villages at the site selected for the controversial mega steel plant of POSCO India Private Limited in Orissa's Jagatsinghpur district has demanded the immediate scrapping of the project. Justice H Suresh former Bombay High More I...

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HR steel prices update on May 26

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Chennai -1049 Delhi 0 Indore 0 Kolkata 0 Ludhiana -272 Mumbai 0 Change is on 26th May as compared to 25th May 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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GP steel HDG prices crash on May 26

GP 100Gms 0.40 Location Change Mumbai -1526 Chennai -716 Kolkata 0 Delhi 0 Ludhiana -544 Kanpur -349 Rudrapur 0 Bangalore -453 Change is on 26th May as compared to 25th May 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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Rebar TMT QST price movement in India on May 26

TMT Fe 415 12mm Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Hyderabad 0 Indore 0 Kanpur -400 Kolkata 0 Mandi -104 Mumbai -344 Raipur -416 Rudrapur -200 Change is on 26th May as compared to 25th May 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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Mahindra to buy 55pct stake in Reva Electric Car Company

India's largest utility vehicles and tractor maker Mahindra & Mahindra said it would buy a 55.2 % stake in Reva Electric Car Company. Mahindra stated that it will buy shares from the founders of Reva. Additionally it will invest in fresh equity worth INR 45 crores. Reva had said earlier More I...

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Gandhi ashram faces eco threat from steel company - Report

TOI recently reported that a huge signboard at the entrance of INR 1400 crore Uttam Galva Metalics Limited at Barbadi village in Wardha. The new twist to the change that's happening here is ironic because it's likely to cause harm to Bapu Kuti and the cluster of ashrams nearby. In a clash More I...

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Bellary will be a major steel hub - Mining baron Mr Reddy

Mining baron turned minister G Janardhan Reddy who is hoping to transform the mineral rich district of Bellary into a major steel hub of the country is looking at the soon to be held Global Investors Meet to pave the way. He exuded confidence that Bellary would corner a major chunk of the More I...

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European crisis effecting Indian economic scenario

The Indian rupee continued its devaluation reeling under the after effect of Euro collapse down 3.8 % in the last week the biggest slide since 11.7% in mid July 1996. Foreign institutional investors have withdrawn nearly USD 2 billion from Indian stocks so far in May, reducing net inflows More I...

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POSCO war zone - Citizen panel finds cases against anti POSCO false

It is reported that a citizen’s panel demanded immediate withdrawal of police cases against villagers opposed to a project by South Korean steel major POSCO in Orissa. A fact finding team of the National Citizens Forum led by retired judge of the Bombay High Court justice H Suresh More I...

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Steel plate cuttings prices crash further

Product Grade Size Change Plate cuttings Rolling 1" -400 Ship Scrap Melting Mixed -300 Change is on 26th May as compared to 25th May 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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Indian steel price index continues on downward trend

The Indian Long Product Price Index ILPPI went down by 24 points whereas Indian Flat Product Price Index IFPPI went down by 39 points. The overall Indian Steel Price Index INDSPI went down by 32points More I...

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TATA Steel announces results for the FY 2009-10

TATA Steel Limited declared audited consolidated group financial results for the financial year ending March 31st 2010. Group Performance Highlights 1. TATA Steel Group reported a major improvement in profitability in the second half with consolidated EBITDA of INR 8,734 crores (USD 1,944 More I...

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Wide steel plate price movement on May 25

PLTS GR B 12-20x2.5 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore -855 Kanpur 0 Kolkata 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 25th May as compared to 24th May 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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Narrow HR steel plate prices down in Indore

PLTS GR A 8x1250 Location Change Chennai 0 Kanpur -174 Mumbai 0 Rudrapur -262 Change is on 25th May as compared to 24th May 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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Sponge iron prices remain flat on May 25

Sponge iron Location Change Bellary 0 Kolkata 0 Raigarh 0 Raipur 0 Rourkela 0 Change is on 25th May as compared to 24th May 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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Rebar TMT QST price movement in India on May 25

TMT Fe 415 12mm Location Change Ahmedabad -200 Bangalore 0 Chennai 0 Delhi 0 Hyderabad 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 25th May as compared to 24th May 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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GP steel HDG price down in Ludhiana

GP 100Gms 0.40 Location Change Mumbai 0 Chennai 0 Kolkata 0 Delhi 0 Ludhiana -363 Kanpur 0 Rudrapur 0 Bangalore 0 Change is on 25th May as compared to 24th May 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 updates on May 25

CHNL GR A 75/100 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur -200 Kolkata 0 Mandi 0 Mumbai 0 Raipur 0 Rudrapur -200 Change is on 25th May as compared to 24th May 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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Gopalpur port project on track despite Noble pullout

The Government and Port Official said that the INR 2,500 crore Gopalpur port project in Orissa is on track despite the Hong Kong based Noble group’s decision to pull out from the project. Mr Satyabrata Sahu state commerce and transport secretary said that “There is no threat to More I...

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JSW Steel and Ispat mull price cut in June

JSW Steel Ltd said on Monday it may consider cutting prices of its flat products in June due to falling international steel prices. Mr Ashok Bharadwaj director marketing head of Ispat Industries also said that they will also look at cutting prices in June on lower raw material More I...

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SAIL may cut flat steel product prices

PTI reported that state run Steel Authority of India may cut flat steel product prices by INR 1,500 to INR 2,000 per tonne from June 1. Mr RK Shrivastava assistant GM flat steel of SAIL told reporters "The domestic inventory has piled up following rising imports and hence the price cut is More I...

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POSCO war zone - Survey starts despite opposition from locals

Determined to push the controversial POSCO project near, Orissa Government launched the socio-economic and forest land survey at the plant site despite opposition from locals. Jagatsinghpur Collector Mr NC Jena said that "Eight survey teams have reached the plant site and initiated the More I...

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TATA Power to expand its overseas coal mines

TATA Power Company said that it is looking at expanding its coal mines abroad, and may raise some funds in the next fiscal to finance its projects under the pipeline. Mr Prasad Menon MD of TATA Power told reporters that "We are looking for expansion (of mines) whether it is in Indonesia or More I...

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BHEL signs MoU with National Oil Well Varco

The Hyderabad unit of power equipment maker, Bharat Heavy Electricals Limited has signed a memorandum of understanding with National Oil Well Varco a US based oil and gas drilling equipment firm to build 35 land drilling rigs in phases. BHEL in a statement said that “AC technology More I...

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Revision of administered price of natural gas n India

The Union Cabinet approved revision of the Administered Price Mechanism price of natural gas from the present level of INR 3200/mscm to INR 6818/mscm. For customers in the North East 40% of the price would be provided as subsidy by Government. As per the reports the price of natural gas More I...

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GAIL announces FY 2009-10 results

GAIL (India) Limited has recorded sustained performance in key physical as well as financial parameters in the Financial Year 2009-10. According to the audited figures, Turnover in the year 2009-10 increased by 5% to INR 24,996 crore from INR 23,898 crore in FY 2008-09. The Profit Before More I...

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Russia to help Bangladesh set up nuclear power plants

Bangladesh said that Russia had formally agreed to assist the energy starved South Asian country in building nuclear power plants. A Foreign Ministry Spokesman said that "An agreement on cooperation for the peaceful use of nuclear energy to meet the growing power demand in the country was More I...

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Kalyani Steel recommends dividend for 2009-10

It is reported Kalyani Steels Ltd board of directors at its meeting held on May 24 2010 inter alia has recommended a dividend of INR 1.25 per Equity Share ie 25% subject to approval of the shareholders. More I...

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POSCO war zone - Agriculture minister extend cooperation to finalize packages

The members of the United Action Committee a purportedly pro POSCO outfit in the project site area has conducted its meeting with the cooperation of Agriculture Minister and local legislator to discuss about the compensation of betel vine, prawn gheris, trees and other assets to be presented More I...

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HCC bags wins INR 888 crore order from NPCIL

Hindustan Construction Company said it has secured INR 887.92 crore order from the Nuclear Power Corporation of India. The order is for the construction of miscellaneous buildings, including finishing works for two units of Rajasthan Atomic Power Project in Kota. The project is to be More I...

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Macroeconomic indicators - Indian imports jump by 43 pct

It is reported that India's imports surged by a never seen before USD 8 billion in April indicating the rapid pace of domestic economic activity even as the government downplayed the 36.2 % jump in exports. Mr Rahul Khullar commerce secretary said that The "real interesting story here is More I...

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Pencil ingot price restarts down movement on May 24

Pencil ingot Location Change Ahmedabad -300 Bhiwari -400 Durgapur -91 Ghaziabad -200 Hyderabad -500 Jaipur -500 Jamshedpur 0 Kanpur 0 Kolkata 544 Mandi -363 Mumbai -500 Muzzafarnagar -174 Nagpur -181 Raigarh -181 Raipur -181 Rourkela 0 Rudrapur 0 Change is on 24th May as compared to 21st May 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...

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Indian steel price index down by 44 points on week opening

The Indian Long Product Price Index ILPPI went down by 3 points whereas Indian Flat Product Price Index IFPPI went down by 90 points. The overall Indian Steel Price Index INDSPI went down by 44 points Class 21-May 24-May Change % ILPPI 6983 6980 -3 0.0% IFPPI 8407 8317 -90 -1.1% INDSPI 7661 7617 -44 -0.6% ILPPI – Long Product Price Index IFPPI – Flat Product Price Index INDSPI – Indian Steel Price Index Long Products Category 21-May 24-May Change % PI - TMT 6801 6799 -2 0.0% PI - WRC 7433 7424 -9 -0.1% PI - Angle 6574 6593 20...

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Steel melting scrap prices dive across India on May 24

Melting scrap 80:20 HMS Location Change Chennai -453 Hyderabad 0 Kandla -200 Kanpur 0 Kolkata 453 Mandi -453 Mumbai -200 Rudrapur 0 Change is on 24th May as compared to 21st May 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 plate cuttings prices down at Alang

Product Grade Size Change Plate cuttings Rolling 1" -200 Ship Scrap Melting Mixed -100 Change is on 24th May as compared to 21st May 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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Gontermann Peipers profit doubles in 2009-10

It is reported that Gontermann Peipers India an Ispat group company has reported a 100 increase in PAT to INR 5.13 crore during 2009 to 2010. However the company's board has only recommended preference dividend on the 6 % cumulative optionally convertible redeemable preference shares. The More I...

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Gammon India profit in Q4 down by 25pct

Gammon India disclosed a steep drop in standalone net profit for the quarter ended March 2010. During the quarter the profit of the company declined 24.56% to INR 547.90 million from INR 726.30 million in the same quarter previous year. As per the reports Net sales for the quarter declined More I...

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Balmer Lawrie profit in Q4 down by 9pct

Balmer Lawrie & Company reported a marginal decline in standalone net profit for the quarter ended March 2010. During the quarter the profit of the company declined 8.72% to INR 255.40 million from INR 279.80 million in the same quarter last year. As per the reports the company’s net More I...

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Kolkata Port Trust appoints Mr Ranade as deputy chairman

It is reported that Mr Ajay M Ranade an IPS officer of 1995 batch and belonging to West Bengal Cadre has taken over as the Deputy Chairman of Kolkata Port Trust in charge of Kolkata Dock System. Prior to this he was DIG CID West Bengal. Mr Ranade succeeds Mr A Majumdar an officer of Indian More I...

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Suryachakra to set up power project in Chhattisgarh

Suryachakra Power Corporation said that it has entered into an agreement with the government of Chhattisgarh and Chhattisgarh State Electricity Board to set up a coal based power project in the state. As per the reports Suryachakra is setting up a 350 MW super critical coal based thermal More I...

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IRB Infrastructure bags NHAI order

IRB Infrastructure Developers today announced that it has secured a project from National Highway Authority of India being the selected bidder. As per the reports the project work includes design, build, finance and operation of six lanning of Tumkur Chitradurga section from km 75 to km 189 More I...

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Defense Ministry promises more orders for Hindustan Shipyard

Mr R K Singh Secretary of Defense Production stated that Hindustan Shipyard Ltd which from this year is under the administrative control of the Ministry of Defense will be provided additional funds for modernization and a financial restructuring package is also on the anvil. It will also more More I...

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Navy threatens to cancel NOC to Vallarpadam project

Close on the heels of objections raised by the Finance Ministry over the Special Economic Zone status for the Vallarpadam project the Southern Naval Command has come out against the project threatening to cancel the NOC it had given earlier. The refusal by the Shipping Ministry to transfer More I...

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Macroeconomic indicators - Exports post staggering 36 pct jump

The economic crisis worn exports sector posted a staggering 36.2 % growth in April to USD 16.9 billion but the government tempered the euphoria saying growth appeared large due to last year's poor showing. As per the reports last April exports had shrunk nearly 30 % to USD 12.4 billion in More I...

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RINL inaugurates Customer Information System

It is reported a Customer Information System which enables Visakhapatnam Steel Plant’s customers to view their transactions online developed inhouse was inaugurated by Mr P Madhusudhan Director Finance. An exclusive Kiosk with touch screen facility was installed for this purpose in More I...

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Jharkhand clears iron ore PL for ArcelorMittal project

Indian Express reported that unfazed by reports of ArcelorMittal plans of relocating its mega 10 million tonne steel project within Jharkhand, the state government has once again cleared the prospecting licence of 416.93 hectares of iron ore bearing land in Karampada mines in favor of his More I...

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Essar Shipping starts operation of bulk terminal at Hazira

Essar Shipping Ports & Logistics Ltd commences commercial operations of Essar Bulk Terminal at Hazira, one of India’s largest dry bulk terminals set up at a cost of approx INR 800 crores The terminal, with a 550 meter long berth, is capable of accommodating larger vessels directly More I...

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Citigroup upgrades SAIL rating to Hold

Citigroup upgrades the rating of Steel Authority of India to Hold with a target price of INR 234. SAIL has risen 75% in the past 12 months but has underperformed TATA Steel/JSW Steel. SAIL has 100% captive iron ore but only 5% coking coal. Based on flat steel prices rising trend in coal More I...

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POSCO war zone - Steel misters advises POSCO CEO to be generous to land losers

FE reported that POSCO was nudged by the central government to settle for a smaller land parcel than the 4,004 acres it had bargained for with the Orissa government. Mr Virbhadra Singh Indian steel minister told reporters in Delhi on Friday that he had told POSCO India chief Mr Chung More I...

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Kalyani Steels announces 2009-10 result

Kalyani Group firm Kalyani Steels Ltd reported a net profit of INR 43.33 crore for the year ended March 31st 2010. The company had a net profit of INR 3.30 crore for the year ended March 2009. Kalyani Steels in a filing to the Bombay Stock Exchange said that "In view of the demerger of the More I...

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POSCO war zone - Jagatsinghpur MP wants survey deferred

Express News Service reported that CPI MP from Jagatsinghpur Mr Bibhu Prasad Tarai has demanded that the final phase of survey for the POSCO steel plant project should be deferred till as negotiation process with the local affected is slated to start. In a letter to the chief minister Mr More I...

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Indian steel majors bulk under abysmal market conditions

The day of reckoning arrived with steel majors ESSAR and SAIL finally acquiescing with a price reduction of INR 1000 per tonne to INR 1500 per tonne in flat products. As per market reports, Essar steel reduced prices of HRC, CRC & GPC by INR 1000 per tonne ,whereas SAIL announced a rebate More I...

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Bharat Forge Q4 revenues up 92pct

Bharat Forge the flagship company of the USD 2.4 billion Kalyani Group and a leading global supplier of forged and machined components announced its Q4 & FY20 10 results. For Q4 FY10, standalone revenues registered strong growth of 92.3% increasing from INR 2.93 billion to INR 5.52 billion. More I...

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Goa industry mulls conveyor belts to transport ore

An industry insider said that mining industries in Goa are mulling the possibility of setting up a network of conveyor belts to transport ore from the mining pits to the port from where it is exported. Mr Glen Kalavampara secretary of the Goa Mineral Ore Exporters Association said that a More I...

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SC notice to state on JSW mine plea

The Karnataka government’s much touted Mineral Policy 2008 has run into another controversy with JSW Steel, the country’s largest steel maker in the private sector, dragging the government to the Supreme Court for not allotting it a captive mine. The apex court has issued a More I...

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Monday Market Monitor - Metals - WEEK 20 - Tumble on Greek woes

Base metals at LME slumped last week on concern the European debt crisis may derail the global economic recovery, dimming prospects for metals demand. Metals also tumbled after sales of new homes in Shanghai slowed to a five year low last week, raising concern that property demand will continue to slide after China increased minimum mortgage rates, restricted pre sales by developers and tightened controls on purchases of second and third properties. China is reining in monetary policy to slow its red hot growth, and investors fear this could...

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Jindal Power plans power project in Nepal

PTI reported that Mr Naveen Jindal led Jindal Power is looking to set up a hydro power project in Nepal at an estimated cost of INR 1,500 crore as part of its multi-billion dollar program in the energy space. Mr Sushil Maroo deputy MD of Jindal Power told PTI that "In Nepal, we have got...

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TATA Steel not happy with progress of Greenfield projects

According to Mr H M Nerurkar MD of TATA Steel TATA Steel is not happy with the progress of its Greenfield projects. Mr Nerukar said that the irresponsible behavior of business organizations has created skepticism among the people and there was a need to address this issue while setting up More I...

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Updated status on progress of steel projects in India

A strategic overview of steel projects in India by SNRS, originally published in October 2009 and partially updated in January 2010, is available now. The report covers all the issues concerning Indian steel sector and market dynamics. In particular, it addresses new steel projects and More I...

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Indian steel production will double in two years - Minister

India will double its steel production in the next two years even if the big ticket POSCO and ArcelorMittal projects do not take off. The report quoted Mr Virbhadra Singh steel minister as saying that “At present, the steel production is 59.9 million tonnes. By 2011-12, it should More I...

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Maharatna status to help SAIL expand globally - Mr Roongta

State owned SAIL which is eyeing partnerships with global firms like POSCO said that the Maharatna status will help it expand operations worldwide. The government had, last week, approved the granting of the coveted Maharatna status to the country's largest steelmaker. However, the More I...

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Monday Market Monitor - India - WEEK 20 - Longs seem to have hit bottom

The steel prices in Indian domestic market for both long products and flat products have been sliding since beginning of April 2010 every day although the reduction in long product prices is much more than that in flat products. The domestic steel prices in India seem to have hit a dead end More I...

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SAIL RSP bags Srishti Good green award

Rourkela Steel Plant has bagged the prestigious Srishti Good Green Governance Award for the year 2009. The award is in recognition of RSP’s eco friendly efforts on steel making which include control in air pollutant emissions, effluent discharge, maximization in waste utilization, More I...

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Unused PSU land to rescue stalled steel projects

In an innovative move the ministry of heavy industries and public enterprises has formulated a list of state owned companies that are not using their large land banks. This would be made available for projects delayed due to land acquisition issues. To start with it is working with the More I...

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Pencil ingot prices on upward movement in major places

Pencil ingot Location Change Ahmedabad 600 Bhiwari 300 Durgapur 181 Ghaziabad 300 Hyderabad 0 Jaipur 500 Jamshedpur 300 Kanpur 0 Kolkata -91 Mandi 363 Mumbai 300 Muzzafarnagar 262 Nagpur 181 Raigarh 181 Raipur 181 Rourkela 181 Rudrapur 0 Change is on 21st May as compared to 20th May 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...

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WSD rankings of Indian steel makers as of January 2010

Factor Weight SAIL JSW Steel TATA Corus Essar RINL Annual Shipments in Million tonnes 14 7 25 8 3 Size 0.06 5 4 7 4 3 Expanding capacity 0.06 10 10 9 10 10 Location in high-growth markets 0.06 10 10 7 9 10 Dominance in mature markets 0.04 1 1 5 3 1 Downstream businesses 0.04 6 4 6 4 4 M&A. Alliances and JVs 0.06 7 9 9 10 2 Harnessing tech revolution 0.06 7 8 7 7 5 Environment and safety 0.04 9 9 9 9 9 Country risk factor 0.06 7 7 9 7 7 "Pricing Power" with large buyers 0.06 8 5 8 6 6 Threat from nearby competitors 0.04...

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Wide steel plate prices down in Bangalore

PLTS GR B 12-20x2.5 Location Change Ahmedabad 0 Bangalore -436 Chennai 0 Delhi 0 Indore 0 Kanpur -174 Kolkata 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 21st May as compared to 20th May 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 plate cuttings prices surge at Alang

Product Grade Size Change Plate cuttings Rolling 1" 800 Ship Scrap Melting Mixed 200 Change is on 21st May as compared to 20th May 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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GP steel HDG prices down in Kanpur and Rudrapur

GP 100Gms 0.40 Location Change Mumbai -218 Chennai 0 Kolkata 0 Delhi 0 Ludhiana 0 Kanpur -349 Rudrapur -436 Bangalore 0 Change is on 21st May as compared to 20th May 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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HR steel prices movement on May 21

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kolkata 0 Ludhiana 181 Mumbai 0 Change is on 21st May as compared to 20th May 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 melting scrap price movement on May 21

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad 0 Kandla -200 Kanpur 87 Kolkata 0 Mandi 272 Mumbai 200 Rudrapur 0 Change is on 21st May as compared to 20th May 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 steel price movement on May 21

CR DSK 0.63 Location Change Ahmedabad 0 Bangalore -436 Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Mumbai 0 Pune 0 Rudrapur 0 Change is on 21st May as compared to 20th May 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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POSCO war zone - Orissa CM softens

Express News Service reported that after recent clashes and bloodshed, Orissa government seems to have a change of mind on POSCO project. Mr Naveen Patnaik chief minister of Orissa adopted softer approach and said that the government would ask POSCO not to insist on acquiring private land More I...

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SAIL may form JVs to buy coal mines overseas

State owned steel maker Steel Authority of India said that if required it may form a joint venture with major steel makers to acquire coal mine assets abroad. Mr SK Roongta during the Steel Summit organised by the Federation of Indian Chambers of Commerce and Industry said that "The rising More I...

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POSCO war zone - CPI demands shifting of POSCO site

The agitation over steel project of POSCO in Orissa seemed nowhere near its end Friday with the Communist Party of India demanding a change in the location of the Greenfield plant. Mr AB Bardhan general secretary of CPI, a day after the state government decided to ask POSCO to exclude More I...

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ONGC SAIL NTPC and IOC declared Maharatna

State owned blue chip companies Oil & Natural Gas Corp, SAIL, NTPC and Indian Oil Corp have been declared Maharatna a status that gives them enormous financial powers and greater operational autonomy. An Official of the Department of Public Enterprises said that the new status empowers More I...

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Indian steel price index remain stable on May 19

The Indian Long Product Price Index ILPPI went up by 1 point whereas Indian Flat Product Price Index IFPPI went down by 6 points. The overall Indian Steel Price Index INDSPI went down by 2 points Class 18-May 19-May Change % ILPPI 6987 6988 1 0.0% IFPPI 8433 8427 -6 -0.1% INDSPI 7676 7673 -2 0.0% ILPPI - Long Product Price Index IFPPI - Flat Product Price Index INDSPI - Indian Steel Price Index Long Products Category 18-May 19-May Change % PI - TMT 6789 6788 -1 0.0% PI - WRC 7456 7460 4 0.0% PI - Angle 6568 6572 4 0.1% PI - Channel...

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Sponge iron prices down in Raigarh Raipur and Rourkela

Sponge iron Location Change Bellary 0 Kolkata 0 Raigarh -300 Raipur -100 Rourkela -300 Change is on 19th May as compared to 18th May 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 May 19

Pencil ingot Location Change Ahmedabad -200 Bhiwari 500 Durgapur -272 Ghaziabad 0 Hyderabad 0 Jaipur -100 Jamshedpur -300 Kanpur 349 Kolkata 0 Mandi 0 Mumbai 0 Muzzafarnagar 0 Nagpur Raigarh 0 Raipur -91 Rourkela 0 Rudrapur 349 Change is on 19th May as compared to 18th May 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...

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POSCO war zone - Orissa CM to review project progress

BS reported that with tension still simmering at POSCO project site following police crackdown on anti displacement activists last week, the administration and opposition parties have gone into overdrive to devise strategies to push their respective agendas. Mr Naveen Patnaik chief minister More I...

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Essar Steel eying Kandil Steel in Egypt - NDTV Report

NDTV reported that Essar Steel is eyeing is the Egyptian steel market through an acquisition bid on Kandil Steel. NDTV learnt from company sources that Essar Steel sent initial feelers to Kandil Steel recently and will soon offer a formal proposal to Kandil Steel's management. But in More I...

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Steel melting scrap prices down in Kandla

Melting scrap 80:20 HMS Location Change Chennai 0 Hyderabad 0 Kandla -300 Kanpur 87 Kolkata 0 Mandi 91 Mumbai 0 Rudrapur 0 Change is on 19th May as compared to 18th May 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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HR steel prices updates on May 19

HRC Tube 2.5x1250 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kolkata 0 Ludhiana -363 Mumbai 0 Change is on 19th May as compared to 18th May 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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Essar Steel to commission phase 1 expansion next month

ET reported that Essar Steel will commission the first phase of its INR 13,000 crore expansion project by the end of next month. Mr Malay Mukherjee CEO of Essar Steel Business Group told reporters on the sidelines of a FICCI Steel Summit that "The first phase of our expansion 1.8 million More I...

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Indian steel majors contemplating price reduction amidst glut and import onslaught

The domestic steel prices in India seem to have hit a dead end in the past couple of weeks. Although the buck started with a dip in scrap and iron ore prices by 15% to 20% in April, the Chinese juggernaut has slowed down reeling under its weight of overproduction and retarded demand. It is More I...

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Steel plate cuttings prices crashes at Alang

Product Grade Size Change Plate cuttings Rolling 1" -300 Ship Scrap Melting Mixed -200 Change is on 18th May as compared to 17th May 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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HR steel prices down in Ahmedabad

HRC Tube 2.5x1250 Location Change Ahmedabad -453 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kolkata 0 Ludhiana 0 Mumbai 0 Change is on 18th May as compared to 17th May 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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Sponge iron price up at Bellary on May 18

Sponge iron Location Change Bellary 200 Kolkata 0 Raigarh 0 Raipur 0 Rourkela 0 Change is on 18th May as compared to 17th May 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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Rebar TMT QST price movement in India on May 18

TMT Fe 415 12mm Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Hyderabad 0 Indore 200 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 18th May as compared to 17th May 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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Wide steel plate price remains flat on May 18

PLTS GR B 12-20x2.5 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 18th May as compared to 17th May 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 movement on May 18

CHNL GR A 75/100 Location Change Ahmedabad -115 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 18th May as compared to 17th May 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...

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Steel angle prices updates on May 18

ANGL GR A 65X6 Location Change Ahmedabad -115 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mandi 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 18th May as compared to 17th May 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 steel price movement on May 18

CR DSK 0.63 Location Change Ahmedabad -453 Bangalore 0 Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Mumbai 0 Pune 0 Rudrapur 0 Change is on 18th May as compared to 17th May 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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ArcelorMittal may buy Bellary Steels - Report

Three people familiar with the matter said that ArcelorMittal is in talks to buy Karnataka based Bellary Steels & Alloys Ltd, which has been taken over by its lenders after failing to convince them to waive a part of its INR 2,600 crore debt and restructure the rest. Bellary Steels has a More I...

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