Novadx and MCoal amend coal debenture offering

Novadx Ventures Corp announced that Novadx and Canaccord Financial have agreed to amend the terms of the brokered offering of a minimum of 25,200 to a maximum of 30,000 secured, redeemable debentures to be issued by MCoal, Novadx wholly owned subsidiary, first announced on January 22nd 2010.

The Debentures, which were originally to be issued at an offering price of US USD 100 per Debenture for gross proceeds of a minimum of USD 2,520,000 to a maximum of USD 3,000,000 will now be offered at an offering price of CDN 100 per Debenture for gross proceeds of a minimum of CDN 2,520,000 to a maximum of CDN 3,000,000. All other terms of the offering will remain unchanged. For complete details of the proposed offering, please refer to Novadx January 22, 2010 press release.

http://www.steelguru.com/news/index/2010/02/08/MTMyMDEy/Novadx_and_MCoal_amend_coal_debenture_offering.html

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Mormugao Port handles record cargo throughput in January

BL reported that Mormugao Port Trust has achieved the highest ever monthly cargo throughput of 6.34 million tonnes during January 2010 surpassing its earlier record of 5.95 million tonnes.

Mr Praveen Agarwal Chairman of MPT said traffic handled during this fiscal for the period had reached

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Shortage of raw material hits Bhutanese steel industry

It is reported that shortage of primary raw material for steel has caused four of the 5 steel industries in Pasakha at Phuentsholing in Bhutan to temporarily close down.

Except for Druk iron and steel, Lhaki steel and rolling mills, Bhutan Concast, KK steels Private Limited and Bhutan

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BHPB reports fatality at Escondida

BHP Billiton, with deep regret, announced that Francisco Percic Becerra, a worker at Escondida, passed away due to injuries sustained while operating a cathode stripping machine at the electrowinning tankhouse on site.

Mr Francisco was 42 and leaves behind his wife and three children.

BHPB release said “Escondida's Emergency Committee was immediately activated following the incident and all operations at the site were stopped to allow the company to carry out safety briefings. The relevant authorities have been informed and an investigation initiated to determine the causes of the accident.”

It added that “We are providing Francisco's family with support and assistance and would like to offer them our sincere condolences at this difficult time.”

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US coal industry balks at proposal for higher taxes

It is reported that coal companies are objecting to Mr Obama administration proposal that could raise their state taxes to cover the cost of regulating surface mining.

The federal Office of Surface Mining Reclamation and Enforcement is floating the idea to help cut its spending by USD 16.7 million. The agency proposed USD 146.1 million budgets for fiscal 2011 would cut the funds given to coal states to regulate surface mines.

Mr Joe Pizarchik agency director said instead, the agency is encouraging states to raise more money from industry with higher fees. The proposal reflects Mr Obama commitment to cut subsidies for fossil fuel industries

He said that "I know it's going to be difficult for the states to deal with that."

Mr Hal Quinn National Mining Association President said in a statement "The more than 375,000 people who work in America's mines are the backbone of our economy and are essential to our recovery. Their efforts should not be stopped by new taxes that will cost jobs and hurt our economy."

Coal producers are already struggling with weak demand from their largest market, electric utilities. Slumping industrial production has cut demand for electricity. As of October, US Department of Energy figures show generation overall was down 3.8% from a year earlier. The figures also show a 7.6% drop in generation at coal-fired power plants.

According to the Energy Department the result has been steady string of mine closures and other cutbacks across coal country. Through January, coal production was down 8.3% from the prior year.

(Sourced from http://www.steelguru.com/news/index/2010/02/08/MTMyMDE1/US_coal_industry_balks_at_proposal_for_higher_taxes.html)

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US coal industry balks at proposal for higher taxes

It is reported that coal companies are objecting to Mr Obama administration proposal that could raise their state taxes to cover the cost of regulating surface mining.

The federal Office of Surface Mining Reclamation and Enforcement is floating the idea to help cut its spending by USD 16.7 million. The agency proposed USD 146.1 million budgets for fiscal 2011 would cut the funds given to coal states to regulate surface mines.

Mr Joe Pizarchik agency director said instead, the agency is encouraging states to raise more money from industry with higher fees. The proposal reflects Mr Obama commitment to cut subsidies for fossil fuel industries

He said that "I know it's going to be difficult for the states to deal with that."

Mr Hal Quinn National Mining Association President said in a statement "The more than 375,000 people who work in America's mines are the backbone of our economy and are essential to our recovery. Their efforts should not be stopped by new taxes that will cost jobs and hurt our economy."

Coal producers are already struggling with weak demand from their largest market, electric utilities. Slumping industrial production has cut demand for electricity. As of October, US Department of Energy figures show generation overall was down 3.8% from a year earlier. The figures also show a 7.6% drop in generation at coal-fired power plants.

According to the Energy Department the result has been steady string of mine closures and other cutbacks across coal country. Through January, coal production was down 8.3% from the prior year.

(Sourced from http://www.steelguru.com/news/index/2010/02/08/MTMyMDE1/US_coal_industry_balks_at_proposal_for_higher_taxes.html)

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Kamdhenu Ispat plans to reach 2 million tonne rebar capacity

PTI reported that Kamdhenu Ispat will invest about INR 250 crore in next the 2 years to 3 years to expand its existing businesses and fund diversification plans.

Mr Satish Kumar Agarwal CMD of Kamdhenu Ispat said in an interview. That “We will invest, directly or indirectly, INR 200

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CIL and NTPC can quit ICVL - Steel ministry

BS reported that taking forward its plans to revamp International Coal Ventures, the steel ministry has said that Coal India Limited and NTPC, two of ICVL's leading members, can exit the special purpose vehicle if they do not wish to scout and buy coal properties abroad.

Mr Virbhadra Singh

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Monday Market Monitor - India (WEEK 05) - Divergent trend

Indian domestic steel prices for long and flats exhibited divergent trends last week. The Indian Long Product Price Index ILPPI decreased by 42 points whereas Indian Flat Products Index IFPPI increased by 48 points. The overall price index INDSPI gained just 1 point.

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Gain from us if steel is a big ticket item for your business

If steel happens to be a big ticket item in your business, you would agree that keeping track of steel price trends could immensely improve your bottom line, especially in current turbulent times when Indian domestic prices have seen unprecedented volatility.

Indian domestic steel prices

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Indian steel price index improves slightly on Feb 3

The Indian Long Product Price Index ILPPI went up by 23 points whereas Indian Flat Product Price Index IFPPI increases by 4 points. The overall Indian Steel Price Index INDSPI went up by 14 points



Class 02-Feb 03-Feb Change %

ILPPI 6688 6711 23 0.3%

IFPPI 7428 7433 4 0.1%

INDSPI 7041 7055 14 0.2%


ILPPI - Long Product Price Index
IFPPI - Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products


Category 02-Feb 03-Feb Change %

PI - TMT 6316 6332 16 0.3%

PI - WRC 7324 7386 61 0.8%

PI - Angle 6259 6250 -9 -0.1%

PI - Channel 6381 6333 -48 -0.8%

PI - Joist 5922 5872 -50 -0.8%


PI - Product Index

Flat Products


Category 02-Feb 03-Feb Change %

PI - Narrow Plates 7098 7098 0 0.0%

PI - Wide Plates 7333 7330 -2 0.0%

PI - Hot Rolled 7213 7213 0 0.0%

PI - Cold Rolled 7985 7990 5 0.1%

PI - Galvanized 8117 8156 39 0.5%


PI - Product Index

To know more about these indices please visit
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You can also get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert

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Pencil ingot prices on down path on Feb 3

Pencil ingot


Location Change

Ahmedabad -100

Bhiwari -200

Durgapur -462

Ghaziabad -200

Hyderabad 0

Jaipur -300

Jamshedpur 0

Kanpur 0

Kolkata -370

Mandi 0

Mumbai 0

Muzzafarnagar 0

Nagpur -185

Raigarh 0

Raipur -277

Rourkela -462

Rudrapur 0


Change is on 3rd February as compared to 2nd February 2010
Change is in INR per tonne

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Melting scrap price fell in Kandla

Melting scrap
80:20
HMS


Location Change

Chennai 0

Hyderabad 0

Kandla -100

Kanpur 0

Kolkata 0

Mandi

Mumbai 0

Rudrapur 0


Change is on 3rd February as compared to 2nd February 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

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Narrow HR plate prices remain stable in major places

PLTS
GR A
8x1250


Location Change

Chennai 0

Kanpur 0

Mumbai 0

Rudrapur 0


Change is on 3rd February as compared to 2nd February 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

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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 -104

Indore 0

Kanpur 0

Kolkata -520

Mandi 0

Mumbai 0

Raipur 0

Rudrapur 0


Change is on 3rd February as compared to 2nd February 2010
Change is in INR per tonne

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(Sourced from www.steelprices-india.com

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Steel light channel prices update on Feb 3

CHNL
GR A
75/100


Location Change

Ahmedabad 0

Bangalore -500

Chennai 0

Delhi 104

Indore 0

Kanpur 0

Kolkata -520

Mandi 0

Mumbai 0

Raipur 0

Rudrapur 0


Change is on 3rd February as compared to 2nd February 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.steelprices-india.com

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Steel angle price drops in Bangalore

ANGL
GR A
65X6


Location Change

Ahmedabad 0

Bangalore -300

Chennai 0

Delhi 0

Indore 0

Kanpur 0

Kolkata 0

Mandi 0

Mumbai 0

Raipur 0

Rudrapur 0


Change is on 3rd February as compared to 2nd February 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

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Rebar (TMT) price movement in India on Feb 3

TMT
Fe 415
12mm


Location Change

Ahmedabad 113

Bangalore 1000

Chennai -208

Delhi -324

Hyderabad 0

Indore 0

Kanpur 0

Kolkata 0

Mandi 0

Mumbai 0

Raipur 0

Rudrapur 0


Change is on 3rd February as compared to 2nd February 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

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Samarah Dead Sea Resort awards infrastructure contract

The infrastructure development contract for Samarah Dead Sea Resort owned by The Dead Sea Touristic and Real Estate Investment Company formed by Emaar Properties PJSC along with a group of regional and Jordanian investors has been awarded to Arab Towers Contracting Company.

The contract

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Drake and Scull sets up new civil division firm

Reuters reported that Dubai based contractor Drake & Scull International will set up a new company to represent the firm's civil division outside the United Arab Emirates.

The firm said in a statement that the new entity Drake & Scull Construction will be the official arm of Drake & Scull

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Maghreb Steel launches new project during January 2010

Arab Steel reported that the new project for the hot production of steel in Morocco owned by Maghreb Steel is due to launch in January 2010.

The capacity of the new facility will reach 1.5 million tonne per year of HRB and company sources have told that the project is going to be completed

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Nabucco to call tenders needs to buy 2 million tonnes of steel

Bloomberg cited Mr Johann Gallistl procurement manager of Nabucco Gas Pipeline International as saying that the group has planning the 3,300 kilometer link to bring gas from the Caspian Sea region to Europe needs to buy 2.3 million tonnes of steel.

Mr Gallistl said that financing for the


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Indian steel price index reflects continued down trend for longs

The Indian Long Product Price Index ILPPI went down by 27 points whereas Indian Flat Product Price Index IFPPI remained flats. The overall Indian Steel Price Index INDSPI went down by 13 points



Class 01-Feb 02-Feb Change %

ILPPI 6715 6688 -27 -0.4%

IFPPI 7426 7428 2 0.0%

INDSPI 7053 7041 -13 -0.2%


ILPPI - Long Product Price Index
IFPPI - Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products


Category 01-Feb 02-Feb Change %

PI - TMT 6352 6316 -37 -0.6%

PI - WRC 7343 7324 -19 -0.3%

PI - Angle 6284 6259 -26 -0.4%

PI - Channel 6399 6381 -18 -0.3%

PI - Joist 5950 5922 -29 -0.5%


PI - Product Index

Flat Products


Category 01-Feb 02-Feb Change %

PI - Narrow Plates 7107 7098 -9 -0.1%

PI - Wide Plates 7335 7333 -2 0.0%

PI - Hot Rolled 7203 7213 10 0.1%

PI - Cold Rolled 7985 7985 0 0.0%

PI - Galvanized 8133 8117 -16 -0.2%


PI - Product Index

To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html

You can also get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert

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.steelprices-india.com)

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Steel melting scrap price on down trend on Feb 2

Melting scrap
80:20
HMS


Location Change

Chennai 0

Hyderabad 0

Kandla -200

Kanpur -711

Kolkata 0

Mandi -370

Mumbai 0

Rudrapur 0


Change is on 2nd February as compared to 1st February 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.steelprices-india.com)

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Steel light channel prices update on Feb 2

CHNL
GR A
75/100


Location Change

Ahmedabad 338

Bangalore 0

Chennai 0

Delhi -1040

Indore 0

Kanpur 0

Kolkata 0

Mandi -208

Mumbai -113

Raipur 0

Rudrapur 0


Change is on 2nd February as compared to 1st February 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.steelprices-india.com

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Wide plate price update on Feb 2

PLTS
GR B
12-20x2.5


Location Change

Ahmedabad 0

Bangalore -444

Chennai 500

Delhi 0

Indore 0

Kanpur -178

Kolkata 0

Mumbai 0

Raipur 0

Rudrapur 0


Change is on 2nd February as compared to 1st February 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.steelprices-india.com)

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Toscelik to inaugurate its new steel plant this week

It is reported that the new structural and flat steel plant of Toscelik will be inaugurated officially by Mr Recep Tayyip Erdogan PM of Turkey on February 6th 2010.

As per report, construction of the new steel plant with an annual capacity of 2 million tonnes and which is to produce a wide

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Turkish steel exports in January down MoM

According to the provisional foreign trade statistics compiled by the Turkish Exporters' Association, in January 2010 Turkey's iron and steel product exports totaled USD 683.5 million in value, decreasing by 29.54% YoY and down 19.52% over December 2009, while exports of ferrous and non

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Jaiprakash Associates plans power plant in Kutch

Projects Today reported that Jaiprakash Associates proposes to set up 1,320 MW coal based power plant in Kutch district of Gujarat. The plant is likely to entail an investment of INR 6,000 crore.

As per report, the company has already filed an industrial entrepreneurial memorandum with the

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Steel joist (Beam) prices scenario in major places

JSTI
GR A
250X125


Location Change

Ahmedabad 208

Bangalore -1000

Chennai 0

Delhi 0

Indore 0

Kanpur 0

Kolkata 0

Mandi -208

Mumbai -113

Raipur 0

Rudrapur 0


Change is on 2nd February as compared to 1st February 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.steelprices-india.com

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Narrow HR plate price falls in Kanpur

PLTS
GR A
8x1250


Location Change

Chennai 0

Kanpur -267

Mumbai 0

Rudrapur 0


Change is on 2nd February as compared to 1st February 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.steelprices-india.com)

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Steel angle dips in major places

ANGL
GR A
65X6


Location Change

Ahmedabad 338

Bangalore -200

Chennai 0

Delhi -520

Indore 0

Kanpur -600

Kolkata 0

Mandi -208

Mumbai -113

Raipur 0

Rudrapur 0


Change is on 2nd February as compared to 1st February 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.steelprices-india.com)

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Wire rod price drops in Delhi

WRC
SWR14
5.5/6


Location Change

Chennai 0

Delhi -462

Kanpur 0

Kolkata 0

Raipur 0

Rudrapur 0


Change is on 2nd February as compared to 1st February 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.steelprices-india.com)

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Rebar (TMT) prices crash in North India on Feb 2

TMT
Fe 415
12mm


Location Change

Ahmedabad 338

Bangalore 0

Chennai 0

Delhi -973

Hyderabad 0

Indore 0

Kanpur -700

Kolkata 0

Mandi -208

Mumbai -113

Raipur 0

Rudrapur 0


Change is on 2nd February as compared to 1st February 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.steelprices-india.com)

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Jyoti Structures profit climbs in Q3 2009

Jyoti Structures reported a good increase in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company rose 29.35% to INR 233.64 million from INR 180.62 million in the same quarter last year.

Net sales for the quarter for the quarter rose

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McNally Bharat arm to acquire Bangalore

McNally Bharat Engineering Company has announced that its 100% subsidiary has signed MoU with the promoters of Buildmet for buying the 100% equity share capital of the said Buildmet held by the promoters at a value of INR 370 million.

The above value shall be subject to any major adverse

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BEML Q3 net dips 21pct | BEML Q3 net dips 21pct

BEML reported a decline of 20.57% in the net profit for the quarter ended December 31st 2009. During the quarter, the company reported profit of INR 466.60 million as against INR 587.40 million for the quarter ended December 31st 2008.

Total income of the company was at INR 7,095.50 million

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NTPC net up marginally in Q3

National Thermal Power Corporation reported a marginal rise of 5.07% in the net profit for quarter ended December 31st 2009.

During the quarter, the company reported profit of INR 23,649.80 million as against INR 22,509.10 million in the same quarter last year.

During the year, the total

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NTPC commissions 4900 MW Dadri thermal power project

National Thermal Power Corporation has announced that coal based unit 5 of its national capital thermal power project, Dadri located in Uttar Pradesh has been successfully commissioned.

It has reached full load of 490 MW on January 29th 2010. With the commissioning of this unit, the total

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HEG to up graphite electrode production capacity

HEG has announced that its board of directors at its meeting has approved the expansion of graphite electrode production capacity from by 14000 tonnes per annum to 80,000 tonne per annum by 66,000 tonne per annum.

The company offers graphite electrodes, activated carbon fabric, carbon

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Reliance Power profit drop in Q3 2009

Reliance Power has announced a substantial drop in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company declined 42.90% to INR 611.32 million from INR 1,070.70 million in the same quarter previous

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TATA Motors net at INR 4 billion in Q3

TATA Motors reported revenues of INR 89.79 billion on a stand alone basis for the quarter ended December 31st 2009, of the financial year 2009 to 2010, a growth of 88.7% compared to INR 47.58 billion in the corresponding quarter last year.

The company’s operating margins came in at

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MMTC earnings up 13pct for Q3 2009

MMTC reported a steady growth in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company rose 12.81% to INR 281.00 million from INR 249.10 million in the same quarter previous year.

Net sales for the quarter for the quarter rose 12.19% to INR

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SAIL BSP to resume production after fire

Reuters reported that Steel Authority of India Limited would resume production at a fire disrupted unit.

The Bhilai Steel Plant said in a statement that the production process is expected to gradually resume by the end of the day.

The company said that production of hot metal in the

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Indian steel price index reflects about turn

The Indian Long Product Price Index ILPPI went down by merely 2 points whereas Indian Flat Product Price Index IFPPI surge by24 points. The overall Indian Steel Price Index INDSPI increased by 11 points



Class 29-Jan 01-Feb Change %

ILPPI 6716 6714 -2 0.0%

IFPPI 7409 7433 24 0.3%

INDSPI 7046 7057 11 0.2%


ILPPI - Long Product Price Index
IFPPI - Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products


Category 29-Jan 01-Feb Change %

PI - TMT 6361 6352 -9 -0.1%

PI - WRC 7332 7343 11 0.1%

PI - Angle 6320 6284 -36 -0.6%

PI - Channel 6410 6399 -10 -0.2%

PI - Joist 5937 5950 13 0.2%


PI - Product Index

Flat Products


Category 29-Jan 01-Feb Change %

PI - Narrow Plates 7100 7105 4 0.1%

PI - Wide Plates 7168 7255 87 1.2%

PI - Hot Rolled 7193 7203 10 0.1%

PI - Cold Rolled 8048 8078 30 0.4%

PI - Galvanized 8080 8125 45 0.6%


PI - Product Index

To know more about these indices please visit
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You can also get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert

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(Sourced from www.steelprices-india.com)

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Rebar (TMT) price movement in India on Feb 1

TMT
Fe 415
12mm


Location Change

Ahmedabad -338

Bangalore 0

Chennai -1040

Delhi 594

Hyderabad -1000

Indore -400

Kanpur 0

Kolkata 0

Mandi 208

Mumbai 338

Raipur 728

Rudrapur 0


Change is on 1st February as compared to 29th January 2010
Change is in INR per tonne

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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 1st February as compared to 29th 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

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GC (HDG) price remain flat on Feb 1

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 1st February as compared to 29th 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.steelprices-india.com)

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Steel joist (Beam) prices scenario in major places

JSTI
GR A
250X125


Location Change

Ahmedabad -208

Bangalore 200

Chennai -300

Delhi 0

Indore 0

Kanpur 0

Kolkata 0

Mandi 624

Mumbai 338

Raipur 208

Rudrapur 0


Change is on 1st February as compared to 29th 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.steelprices-india.com

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Pakistani senate committee releases report on PSM

Pakistan’s Senate Standing Committee on Industries and Production met at the Parliament House under the chairmanship of Senator Mr Muhammad Ishaq Dar to consider the report of the Sub Committee constituted earlier to identify the persons responsible for heavy losses of Pakistan Steel

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Ezz Steel raises February rebar prices to EG 3280 per tonne

Reuters reported that Egypt's largest steelmaker Ezz Steel has raised its steel prices for February by 7.5% to EGP 3,280 per tonne.

Mr Samir Naaman, head of trade at the company, said the price is for rebars on FOT basis and is compared with the previous month's price at EGP 3,050 per

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Indian Railway hikes capacity of proposed power project in WB

The Hindu Business reported that the Indian Railways is planning to set up a 1,320 MW power plant at Adra in West Bengal. Railway Budget for 2009 to 2010 had proposed a 1,000 MW plant at the site.

A senior railway official said that the coal based plant will be based on super critical

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Patra (Narrow HR strips) price update on Feb 1

Patra


Location Change

Delhi 0

Ludhiana 370

Mandi -1386


Change is on 1st February as compared to 29th 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

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Karaikal Port gets rail link | Karaikal Port gets rail link

The Hindu Business reported that Karaikal Port has got a rail link to Nagore.

As per report, the link enables cargo delivery to various destinations. The first railway cargo belonging to Madras Cements was flagged off on Wednesday to the company's plant in Ichengadu in Ariyalur about 150


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PTC India Q3 net profit down by 33pct YoY

PTC India has announced a steep drop for the quarter ended December 31st 2009 on standalone basis.

During the quarter, the profit of the company declined by 32.98% YoY to INR 158.81 million from INR 236.96 million in the same quarter last year.

Net sales declined by 19.81% YoY to INR

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PFC Q3 net profit up by 66pct YoY

Power Finance Corporation Limited has announced a phenomenal rise in standalone net profit for the quarter ended December 31st 2009.

During the quarter, the profit of the company rose by 66.28% YoY to INR 5,636.50 million from INR 3,389.81 million in the same quarter last year.

Net sales

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KSK Energy Ventures loss widens in Q3

KSK Energy Ventures has reported that the loss for the quarter ended December 31st 2009 has widened.

During the quarter, the loss of the company increased to INR 163.59 million as compared with a loss of INR 82.13 million in the same quarter previous year.

Net sales for the quarter for

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GVK Power announces Q3 financial results

GVK Power & Infrastructure disclosed a rise in consolidated net profit for the quarter ended December 31st 2009. During the quarter, the profit of the company rose 2.05 times to INR 458 million from INR 223 million in the same quarter last year.

Consolidated total income has increased by


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