Indian steel price index slides down by 15 points on Sept 24

The Indian Long Product Price Index ILPPI dropped by 15 points on September 24th 2009 whereas Indian Flat Product Price Index IFPPI went down by 14 points. The overall Indian Steel Price Index INDSPI decreased by 15 points


Class 23-Sep 24-Sep Change %

ILPPI 6333 6318 -15 -0.2%

IFPPI 7573 7559 -14 -0.2%

INDSPI 6924 6909 -15 -0.2%


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

Long Products


Category 23-Sep 24-Sep Change %

PI - TMT 6047 6025 -22 -0.4%

PI - WRC 6850 6839 -11 -0.2%

PI - Angle 5996 5988 -8 -0.1%

PI - Channel 6075 6065 -10 -0.2%

PI - Joist 5616 5611 -5 -0.1%


PI - Product Index

Flat Products


Category 23-Sep 24-Sep Change %

PI - Narrow Plates 7234 7218 -17 -0.2%

PI - Wide Plates 7307 7305 -2 0.0%

PI - Hot Rolled 7412 7398 -14 -0.2%

PI - Cold Rolled 8179 8156 -23 -0.3%

PI - Galvanized 8045 8036 -10 -0.1%


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

(Sourced from www.steelprices-india.com)

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Indian steel price index reflects down trend for longs

The Indian Long Product Price Index ILPPI went down by 20 points on September 23rd 2009 whereas Indian Flat Product Price Index IFPPI remains flat. The overall Indian Steel Price Index INDSPI decreases by 10 points.



Class 22-Sep 23-Sep Change %

ILPPI 6353 6333 -20 -0.3%

IFPPI 7573 7573 0 0.0%

INDSPI 6934 6924 -10 -0.2%


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

Long Products


Category 22-Sep 23-Sep Change %

PI - TMT 6042 6047 6 0.1%

PI - WRC 6902 6850 -53 -0.8%

PI - Angle 6017 5996 -21 -0.4%

PI - Channel 6073 6075 2 0.0%

PI - Joist 5612 5616 3 0.1%


PI - Product Index

Flat Products


Category 22-Sep 23-Sep Change %

PI - Narrow Plates 7234 7234 0 0.0%

PI - Wide Plates 7307 7307 0 0.0%

PI - Hot Rolled 7412 7412 0 0.0%

PI - Cold Rolled 8179 8179 0 0.0%

PI - Galvanized 8050 8045 -4 -0.1%


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

(Sourced from www.steelprices-india.com)

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http://www.steelguru.com/news/index/2009/09/24/MTEzMTcx/Attract_more_visitors_to_your_company_web_site.html

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Mandi Gobindgarh steel mills facing sever power shortages

BS reported that steel makers in Mandi Gobindgarh are blaming the state government for not taking concerted steps to support industry, as they have been grappling with a severe power shortage for the past few years.

AS per report, the rapid pace of infrastructure development in the country has created substantial demand for steel, but units in Mandi Gobindgarh are operating below optimal capacity for want of power.

Local industrialists said that they get power for 12 hours a day during the kharif and rabi sowing seasons and 18 hrs a day the remainder of the year, with a weekly off day throughout the year. Captive power, they said was not a viable option, as their power consumption was substantial. The steel cluster requires about 800 MW of power a year, 50% of which is met by state utilities.

Mr Ajay Goel of Nabha Steels Limited said that “Power is the most important component used in induction furnaces and steel re rolling mills, accounting for about 50% of the variable cost of production. The growing gap between the demand and supply of power over the years has put the industry in a shambles.”

Mr Amarjit Goel of Modern Steel said that “The months of June, July and August were the worst, since we could draw only 40% to 47% of our requirements.”

Mandi Gobindgarh enjoys the status of the largest supplier of different kinds of steel inputs in northern India. There are over 300 small and medium scale units that convert steel scrap into a variety of steel inputs like ingots, billets, forging quality ingots, carbon steel and structural steel. The town generates business of INR 24,000 crore annually and employs more than 150,000 people.

(Sourced from http://www.steelguru.com/news/index/2009/09/24/MTEzMTcy/Mandi_Gobindgarh_steel_mills_facing_sever_power_shortages.html)

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TATA Power to bid for more UMPP when market is good

Private power producer TATA Power said that it would bid for ultra mega power projects only when the market conditions are favorable and the company would only bid for domestic coal based projects as import of the dry fuel is quite expensive.

Mr S Ramakrishnan ED of TATA Power told reporters "We would bid for the 4,000 MW ultra mega power projects only under two conditions. It should not be imported coal based project and the financial market should be good.”

He added that "We are already importing coal for the Mundra project. We are sourcing it from Indonesia where we have 30% stake in the coal blocks.”

As imported coal is expensive, Mr Ramakrishnan said that "We cannot go for another imported fuel based project, at least in the near future."

TATA Power is currently executing the 4,000 MW Mundra UMPP in Gujarat. Out of the five 800 MW units of the project, two (2x800 MW) are scheduled to come up during the current XIth Five Year Plan 2007-12 period. The project entails an investment of INR 17,000 crore and is being funded on a debt and equity ratio of 75:25.

(Sourced from http://www.steelguru.com/news/index/2009/09/24/MTEzMTcz/TATA_Power_to_bid_for_more_UMPP_when_market_is_good.html)

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