 |
Products list |
| |
Adobe Acrobat Reader required to view and download PDF files. |
|
|
|
|
|
|
Indian steel majors may hike prices for long produ
|
|
The hike in long product prices is clearly on the back of unprecedented surge of input materials.
1. Iron ore lumps - Up by more than 15%
2. Steel scrap – Up by up to 18.3%
3. Ship breaking – Up by up to 12.1%
4. Sponge iron – Up by up to 18.6%
5. Pencil ingot – Up by up to 18.2%
Change is in INR per tonne
Change is as on December 18th 2009 as compared to December 1st 2009
Thus it appears that price hike of INR 500 per tonne to INR 3000 per tonne for long products by Indian steel majors is imminent. Whereas they are likely to increase prices of flat products, propelled by increasing international prices, in January.
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com with contact details. This is a paid service with subscription fee of INR 60,000 plus ST for 12 months. This will keep you in tune with daily happenings in Indian and global steel markets for steel prices. Tailor made package with restricted access to match your needs at lower prices are also available.
Dec 22nd,2009 |
|
