News & Trends
Long product price movement in India - 20 Aug, 2008
The downtrend in prices of long products continues unabated with fall reported at several locations. The decrease is spread across all categories. The prices are expected to fall further as the input materials continue down slide

Kolkata
ItemGradeSizeChange%
TMTFe 41512mm-1000-2.6%
WRCSWR145.5/6-1000-2.4%
ANGLGR A65x6-1000-2.6%
CHNLGR A75/100-1000-2.4%
JSTIGR A250x125-1000-2.4%

Change is on August 19th as compared to August 18th
Change is in INR per tonne

Delhi
ItemGradeSizeChange%
TMTFe 41512mm-520-1.2%
ANGLGR A65x6-520-1.2%
CHNLGR A75/100-520-1.2%
JSTIGR A250x125-520-1.2%
Patra -520-1.2%

Change is on August 19th as compared to August 18th
Change is in INR per tonne

Mandi
ItemGradeSizeChange%
ANGLGR A65x6-520-1.2%
CHNLGR A75/100-520-1.1%
JSTIGR A250x125-728-1.6%

Change is on August 19th as compared to August 18th
Change is in INR per tonne

Mumbai
ProductGradeSizeChange% age
TMTFe 41512mm11902.8%
ANGLGR A65x6-1190-2.8%
CHNLGR A75/100-1785-4.1%
JSTIGR A250x125-1190-2.5%

Change is on August 19th as compared to August 18th
Change is in INR per tonne

The only silver lining in the cloud was Mumbai, where the downtrend in TMT bars has been reversed as the construction activity has looked up after a heavy monsoon prompting the market to become marginally bullish. It was also influenced by firming up of scrap prices to some extant.

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Today's News
Clips
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Announcements
0blt1 Baoshan Steel cuts CR product prices by 22%
0blt1 Jinchuan cuts nickel EXW price by CNY 6000 per tonne
0blt1 Indian Steelmakers Directory 2008
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0blt1 Directory of Overseas Scrap Suppliers to India
0blt1 In depth analysis of steel projects in India
0blt1 MEASPI - Barometer for steel prices in Middle East Asia
0blt1 INDSPI - SENSEX for steel prices in India
News And Trends
0blt1 Chinese domestic steel price posts six year biggest drop in October - CISA
0blt1 Chinese coke prices facing volatile situation
0blt1 Iron Ore price outlook during 3rd week of November 2008
0blt1 Thermal coal producers brace for tough times ahead
0blt1 CR sheet price to decline further in China
0blt1 Indian ship breakers to make better profit margins
Export And Import Levels
0blt1 Iron ore price negotiations - JP Morgan reduce forecast
0blt1 Chinese HDG export price likely to turn stable
Trade Issues
0blt1 US steel industry urges government to stand up to China
0blt1 Tax for imported cement returns in Russia
Round_corner2
Price Index - India
  Nov-21 Nov-20
ILPPI 7634 7664 Down
IFPPI 7601 7648 Down
INDSPI 7618 7656 Down
Currency Rates
21 Nov, 2008
USD 1.0000
AUD 1.5848
BRL 2.3862
CAD 1.2616
CNY 6.8253
EUR 0.7988
GBP 0.6712
INR 50.8776
JPY 95.4419
RUB 27.5385
ZAR 10.5561
Source: OANDA.com
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