Macroeconomic indicators - 7.4pct GDP For 2009-10 - ASSOCHAM

Dr Swati Piramal president of ASSOCHAM reacting on GDP figure of fiscal 200-2010 said that 7.4% GDP growth was on expected lines as Indian economy has started doing well, especially from November 2010 onwards.

The last quarter of fiscal 2009-2010, registered a growth rate of 8.5% was

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Orissa to emerge as a major steel hub in India by 2015-16

Orissa will emerge as a major steel hub in the country by 2015-16 with a total production capacity of 35 million tonne to 40 million tonne per annum.

Mr Raghunath Mohanty state steel & mines minister told FE that “The take off has already begun and you will see the real change by

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CAPEX plans - SAIL to invest INR 175000 crore on expansion

State owned SAIL said it will spend about INR 175,000 crore to augment its annual production capacity to 60 million tonnes by 2020 from the current 14 million tonnes.

Mr SK Roongta said that "You can say that there will be total investment to the tune of INR 175,000 crore by 2020 including

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ArcelorMittal to sign MoU for steel plant in Karnataka

Karnataka state government is expecting the highest investment in the steel sector. The world’s no 1 company in steel protection ArcelorMittal is signing an MoU with the government for an investment of INR 30,000 crore for their proposed six million tonne steel plant in Bellary

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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 0 0.0%

PI - Channel 6620 6633 13 0.2%

PI - Joist 6127 6114 -13 -0.2%



PI - Product Index

Flat Products
Category 28-May 31-May Change %

PI - Narrow Plates 7799 7780 -18 -0.2%

PI - Wide Plates 8187 8155 -32 -0.4%

PI - Hot Rolled 7989 7981 -8 -0.1%

PI - Cold Rolled 9097 9089 -8 -0.1%

PI - Galvanized 8737 8705 -33 -0.4%



PI - Product Index

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