| News | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monday Market Monitor - India - WEEK 05 - Rally in longs fizzles out - 06 Feb, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Long product market in India slumps as month end excitement fizzles away. During last week, the drama of rally in long product prices terminated exposing the real levels. Subterfuge evident in the last few days saw light of the day as the mills opted for roll over. Indian mills were still susceptible in risking a hike with economic headwinds yet to abate. Impact of the excitement fizzling away prices plummeted all over India. However a belated rally in steel prices cannot be over ruled so soon. With economic headlines making waves of late as inflation plummets and economic growth picks up in the penultimate months before culmination of FY 12. Till than market will stay put swinging to speculative calypso The suspense over February pricing ended in whimper with the mills opting for roll over. Succinctly it is tactful move by the Indian mills averse to taking chances when the demand incubating after harrowing Q3. Key demand driving parameters from infrastructure and manufacturing sectors yet to blossom prudence was sensible. Undeniably Q4 portends to be break from the mossy Q2 & Q3 with most of the economic indicators showing a healthy trend. With inflation dipping to and encouraging 7.4% in November and the IIP making a turnaround at 5.6% economic headwinds are ebbing for a change. HSBC Markit PMI at 57 points in January has sent rankles in the already ascendant market. Auto sector has shown encouraging tendency with most the major recording accelerated production and sales. The Indian Long Product Price Index ILPPI has gone down by 5 points last week whereas Indian Flat Products Index IFPPI has gone up by 52 points. The overall price index INDSPI inclined by 22 points.
ILPPI - Indian Long Product Price Index IFPPI - Indian Flat Product Price Index INDSPI - Indian Steel Price Index Long Products
PI - Product Index Flat products
PI - Product Index These indices have base of 10,000 as on July 1st 2008 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 Melting scrap 80:20 HMS
Change is on Feb 3rd as compared to 27th Jan 2012 Alang
Change is on Feb 3rd as compared to 27th Jan 2012 Pencil ingot
Change is on Feb 3rd as compared to 27th Jan 2012 Pig Iron
Change is on Feb 3rd as compared to 27th Jan 2012 Sponge iron
Change is on Feb 3rd as compared to 27th Jan 2012 2. Long products Rebar (TMT QST) Fe 415 12mm
Change is on Feb 3rd as compared to 27th Jan 2012 WRC SWR14 5.5/6
Change is on Feb 3rd as compared to 27th Jan 2012 ANGL Grade A 65X65X6
Change is on Feb 3rd as compared to 27th Jan 2012 CHNL Grade A 75/40
Change is on Feb 3rd as compared to 27th Jan 2012 JSTI Grade A 250X125
Change is on Feb 3rd as compared to 27th Jan 2012 3. Flat products HRC Tube 2.5x1250
Change is on Feb 3rd as compared to 27th Jan 2012 Patra
Change is on Feb 3rd as compared to 27th Jan 2012 Plates Grade A 8X1250/1500
Change is on Feb 3rd as compared to 27th Jan 2012 Plates GRADE B 12-20X2500
Change is on Feb 3rd as compared to 27th Jan 2012 CR DSK 0.63x1000
Change is on Feb 3rd as compared to 27th Jan 2012 GP 100Gms 0.4
Change is on Feb 3rd as compared to 27th Jan 2012 GC 100Gms 0.4
Change is on Feb 3rd as compared to 27th Jan 2012 If volatility in steel prices is affecting your business, keep tab on market realities and trends by subscribing to www.steelprices-india.com, which is a comprehensive portal that provides domestic pricing information for benchmark steel products in each category at select location in India on a regular basis 5 days a week and international price levels on a weekly basis. Products covered 1. Input materials - Iron ore, scrap, sponge iron, pig iron pencil ingot, billets and blooms 2. Long products - Rebar, wire rod, angle, channel and joists 3. Flat products - Narrow plates, wide plates, HR, CR and galvanized 4. Others - Pipes How to subscribe 1. Register at www.steelprices-india.com and pay on line or ask for invoice 2. Send mail to admin@steelprices-india.com. 3. Call at 0091-124-3007891/2/3 (Sourced from www.steelprices-india.com) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Today's News | ||
| Main News | ||
 | Global HRB prices trending down in May | |
|
| BDI remain flat on May 18 2012 | |
