Indian domestic steel prices for longs increased further last week. The Indian Long Product Price Index ILPPI improved by 33 points, up trend for the fourth consecutive we, whereas Indian Flat Products Index IFPPI remained stagnant after increasing for seven weeks. The overall price index INDSPI improved by 17 points.
Class 11-Sep 18-Sep Change
ILPPI 6330 6363 33
IFPPI 7563 7563 0
INDSPI 6917 6935 17
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
Category 11-Sep 18-Sep Change
PI - TMT 6063 6088 25
PI - WRC 6854 6883 29
PI - Angle 5970 6021 51
PI - Channel 6000 6063 63
PI - Joist 5558 5614 55
PI - Product Index
Flat products
Category 11-Sep 18-Sep Change
PI - Narrow Plates 7237 7219 -17
PI - Wide Plates 7299 7302 3
PI - Hot Rolled 7396 7400 3
PI - Cold Rolled 8171 8165 -5
PI - Galvanized 8053 8059 7
PI - Product Index
To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html
You can now get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert
1. Input material - Mixed signals
Input material prices continued to improve fuelled by a resilient long product market.
Melting scrap
80:20
HMS
Location Change
Chennai 3%
Kandla 0%
Mumbai -1%
Mandi -2%
Kolkata -2%
Kanpur 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
Alang
Product Size Change
Ships Mixed -2%
Plate cuttings 1" 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
Pencil ingot
Location Change
Mumbai -1%
Mandi 2%
Raipur 1%
Kanpur 2%
Kolkata 1%
Ghaziabad -1%
Muzzafarnagar -2%
Ahmedabad 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
Pig Iron
Location Change
Raipur 1%
Kolkata 1%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
Sponge iron
Location Change
Raipur -3%
Kolkata 2%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
2. Long products - Buoyancy maintained
TMT
Fe 415
12mm
Location Change
Chennai -1%
Mumbai -1%
Mandi 2%
Kolkata 4%
Delhi -2%
Kanpur 0%
Ahmedabad 1%
Indore -1%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
WRC
SWR14
5.5/6
Location Change
Chennai 1%
Raipur 1%
Kolkata 0%
Delhi 0%
Kanpur 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
ANGL
GRADE A
65X65X6
Location Change
Chennai 2%
Mumbai 0%
Mandi -1%
Raipur 1%
Kolkata 2%
Delhi 0%
Kanpur 0%
Ahmedabad 0%
Indore -1%
Bangalore 2%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
CNHL
GRADE A
75/40
Location Change
Chennai 2%
Mumbai 0%
Mandi 0%
Raipur 2%
Kolkata 2%
Delhi 0%
Kanpur 1%
Ahmedabad 0%
Indore -1%
Bangalore 2%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
JSTI
GRADE 1
250X125
Location Change
Chennai 2%
Mumbai 0%
Mandi 0%
Raipur 1%
Kolkata 2%
Delhi 0%
Kanpur 1%
Ahmedabad 0%
Indore -1%
Bangalore 2%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
3. Flat products - Signs of weakness see
HRC
Tube
2.5x1250
Location Change
Mumbai 0%
Ludhiana 1%
Kolkata 0%
Delhi 0%
Ahmedabad 0%
Indore 0%
Bangalore 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
Patra
Location Change
Ludhiana 1%
Mandi -1%
Delhi 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
Plates
GRADE A
8X1250/1500
Location Change
Chennai -1%
Mumbai 0%
Kolkata 0%
Delhi 0%
Kanpur 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
Plates
GRADE B
12-20X2500
Location Change
Chennai -1%
Mumbai 0%
Raipur 0%
Kolkata 1%
Delhi 0%
Kanpur 0%
Ahmedabad 0%
Indore 0%
Bangalore 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
CR
DSK
0.63x1000
Location Change
Chennai -1%
Mumbai 0%
Pune 0%
Kolkata 0%
Delhi 0%
Kanpur 2%
Ahmedabad -1%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
GC
100Gms
0.4
Location Change
Chennai -1%
Mumbai 0%
Kolkata 0%
Delhi 0%
Kanpur 0%
Bangalore 0%
Change is on September 18th as compared to September 11th 2009
Change is in INR per tonne
Indian Export Levels - Weakness persists
Item Grade Size Delivery Change
PLTS Structural 12-40x2.5 FOB Vizag 0
HDG 100Gms 0.4 FOB Mumbai 0
PPGI Standard RAL 0.4 FOB Mumbai -20
Change is on September 18th as compared to September 11th 2009
Change is in USD per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com with contact details. This is a paid service with subscription fee of INR 60,000 plus ST for 12 months. This will keep you in tune with daily happenings in Indian and global steel markets for steel prices. Tailor made package with restricted access to match your needs at lower prices are also available.
(Sourced from www.steelprices-india.com)
Sunday, September 20, 2009
Monday Market Monitor - India (WEEK 38) - Longs remain firm
0 comments:
Post a Comment