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| HR CR and HDG prices in Mumbai on fire - 09 Mar, 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Indian Flat Product Price Index IFPPI has surged by 341 points or 5% since March beginning reflecting massive increase in prices of plate products especially in hot band. The price increase is most predominant in HR but is followed closely by downstream CR and HDG. Mumbai is leading the surge in flat products prices where HR, CR and HDG prices have gone up by about INR 2400 per tonne, INR 2800 per tonne and INR 2700 per tonne during this period. As per market sources, the surge in prices is driven by sentiments that Indian steel makers are likely to resort to price hike as global prices are surging. The flat product market was in a state of frenzy on March 8th 2010, as traders started holding on to their stocks anticipating higher returns in coming days. Price increase at other locations has not been as much and in all likelihood we shall be seeing surge in flat product prices in other locations as well. Flat Products
PI - Product Index To know more about these indices please visit http://steelprices-india.com/spi_services/spi.html HRC Tube grade 2.5x1250
Change is as on March 8th as compared to March 2nd 2010 Change is in INR per tonne CR DSK 0.8mm
Change is as on March 8th as compared to March 2nd 2010 Change is in INR per tonne HDG 100gms 0.4mm
Change is as on March 8th as compared to March 2nd 2010 Change is in INR per tonne 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. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html (Sourced from www.steelprices-india.com) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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