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News - 19 Jun, 2013
1. Chinese steel price index up by 9 points on June 18 - 19 Jun, 2013Top
The Chinese Long Product Price Index CLPPI has inclined by 10 points on June 19, 2013, whereas the Chinese Flat Products Index CFPPI has also inclined by 8 points. The overall price index CHISPI has gone up by 9 points.

Class17-Jun18-JunChange%
CLPPI60266036100.17%
CFPPI5670567880.14%
CHISPI5824583390.15%

CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index

Long Products
Category17-Jun18-JunChange%
PI-WRC5967597470.12%
PI-Rebar60976112150.25%

PI- Product Index

Flat Products
Category17-Jun18-JunChange%
PI-PLTS50785089110.22%
PI-HR56605673130.23%
PI-CR60456041-4-0.07%
PI-GP60146010-4-0.07%

PI- Product Index

To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

2. Chinese domestic HR steel prices as on June 18 - 19 Jun, 2013Top
HRC
5.75mm
Common
LocationIn CNYIn USD
Shanghai203
Hangzhou203
Nanjing203
Wuxi203
Jinan00
Hefei203
Fuzhou00
Nanchang203
Guangzhou305
Nanning203
Changsha203
Wuhan203
Zhengzhou203
Beijing00
Tianjin00
Baotou00
Shijiazhuang508
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing102
Chengdu305
Guiyang00
Kunming00
Xian305
Lanzhou203
Urumchi00
Average132

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

3. Chinese domestic steel rebar price movement on June 18 - 19 Jun, 2013Top
Rebar
20mm
HRB 400
LocationIn CNYIn USD
Shanghai508
Hangzhou406
Nanjing203
Wuxi102
Jinan203
Hefei203
Fuzhou102
Nanchang203
Guangzhou203
Nanning-10-2
Changsha102
Wuhan102
Zhengzhou203
Beijing00
Tianjin00
Baotou00
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu-20-3
Guiyang00
Kunming00
Xian00
Lanzhou203
Urumchi00
Average91

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

4. Chinese domestic steel wire rod price update on June 18 - 19 Jun, 2013Top
WRC
6.5mm
High Speed
LocationIn CNYIn USD
Shanghai102
Hangzhou203
Nanjing203
Wuxi102
Jinan00
Hefei102
Fuzhou102
Nanchang305
Guangzhou203
Nanning00
Changsha102
Wuhan102
Zhengzhou00
Beijing-40-6
Tianjin00
Baotou00
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian00
Lanzhou102
Urumchi00
Average41

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

5. Chinese domestic steel billet price movement on June 18 - 19 Jun, 2013Top
Billets
150*150
Q235
LocationIn CNYIn USD
Shanghai00
Jiangsu203
Shandong00
Fujian00
Guangdong00
Henan00
Hebei00
Shanxi00
Liaoning00
Yunnan203
Average41

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

6. Chinese domestic steel Angle price on June 18 - 19 Jun, 2013Top
Angle
#5
LocationIn CNYIn USD
Shanghai00
Hangzhou-50-8
Nanjing00
Wuxi00
Jinan00
Hefei00
Fuzhou00
Nanchang00
Guangzhou00
Nanning00
Changsha00
Wuhan00
Zhengzhou00
Beijing00
Tianjin203
Baotou00
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian-80-13
Lanzhou00
Urumchi00
Average-4-1

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

7. Chinese domestic steel channel price update on June 18 - 19 Jun, 2013Top
Channel
#16
LocationIn CNYIn USD
Shanghai00
Hangzhou-30-5
Nanjing00
Wuxi00
Jinan00
Hefei00
Fuzhou00
Nanchang00
Guangzhou00
Nanning00
Changsha00
Wuhan00
Zhengzhou00
Beijing00
Tianjin203
Baotou00
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian-80-13
Lanzhou00
Urumchi00
Average-3-1

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

8. Chinese domestic steel beam price scenario on June 18 - 19 Jun, 2013Top
Beam
#25
LocationIn CNYIn USD
Shanghai00
Hangzhou00
Nanjing00
Wuxi00
Jinan00
Hefei00
Fuzhou00
Nanchang00
Guangzhou00
Nanning00
Changsha00
Wuhan00
Zhengzhou00
Beijing00
Tianjin203
Baotou00
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian-80-13
Lanzhou00
Urumchi00
Average-20

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

9. Chinese domestic steel plate price movement on June 18 - 19 Jun, 2013Top
Plates
20mm
Common
LocationIn CNYIn USD
Shanghai203
Hangzhou305
Nanjing9014
Wuxi203
Jinan00
Hefei203
Fuzhou00
Nanchang00
Guangzhou00
Nanning00
Changsha00
Wuhan102
Zhengzhou00
Beijing00
Tianjin00
Baotou00
Shijiazhuang00
Taiyuan00
Shenyang00
Changchun00
Harbin00
Chongqing00
Chengdu203
Guiyang00
Kunming00
Xian102
Lanzhou00
Urumchi00
Average81

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

10. Chinese domestic pig iron price update on June 18 - 19 Jun, 2013Top
Pig Iron
Z18-22
Foundry
LocationIn CNYIn USD
Shanghai00
Jiangsu00
Shandong-20-3
Shanxi00
Guangdong00
Henan00
Hebei00
Heilongjiang00
Liaoning00
Yunnan-20-3
Guizhou-30-5
Average-6-1

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

11. Chinese domestic narrow HR strip price movement on June 18 - 19 Jun, 2013Top
HR Strip
235*2.75
LocationIn CNYIn USD
Shanghai203
Hangzhou203
Wuxi305
Guangzhou00
Tianjin00
Tangshan00
Shenyang00
Harbin00
Chongqing00
Chengdu00
Kunming-30-5
Guiyang00
Average31

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

12. Chinese domestic CR steel price update on June 18 - 19 Jun, 2013Top
CR
1mm
LocationIn CNYIn USD
Shanghai00
Hangzhou00
Nanjing00
Wuxi00
Jinan00
Hefei00
Fuzhou00
Nanchang00
Guangzhou00
Nanning00
Changsha00
Wuhan00
Zhengzhou00
Beijing-50-8
Tianjin-50-8
Baotou00
Shijiazhuang00
Taiyuan00
Shenyang-30-5
Changchun00
Harbin00
Chongqing00
Chengdu00
Guiyang00
Kunming00
Xian508
Lanzhou00
Urumchi00
Average-30

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

13. Chinese domestic galvanized steel HDG price update on June 18 - 19 Jun, 2013Top
HDG
0.5mm
LocationIn CNYIn USD
Shanghai00
Hangzhou00
Nanjing00
Wuxi00
Jinan00
Boxing00
Fuzhou00
Nanchang00
Guangzhou-50-8
Wuhan00
Zhengzhou00
Beijing00
Tianjin00
Shenyang00
Harbin00
Chongqing00
Chengdu00
Xian00
Average-30

Change is on 18th June 2013 as compared to 17th June 2013
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - www.steelprices-china.com

(www.steelguru.com)

Japan H2 scrap average prices decline from a week ago

It is reported that the average prices of Japanese H2 scrap in Kanto, Central and Kansai region were at JPY 30,708 per tonne in the second week of June, decreasing by JPY 270 per tonne from a week ago.

Among them, the average price of H2 scrap in Kanto region was at JPY 31,917 per tonne, decreasing by JPY 333 per tonne; that in Central region was at 28,020 per tonne, falling by JPY 100 per tonne and that in Kansai regions was at JPY 32,188 per tonne, declining by JPY 375 per tonne, all compared to a week ago.

Source - www.yieh.com)

(www.steelguru.com)

14. Turkey HRC exports in April jump by 42.8% - 19 Jun, 2013Top
According to data of the Turkish Statistical Institute, Turkey’s exports of hot rolled coils totaled 200,188 tonne in April, soaring by 42.8% from a month ago and more than double YoY.

Among them, the HRC exports made to Italy were at 100,430 tonne, double from a month ago; those to Portugal were at 41,125 tonne, hitting the history high.

In the first 4 months of this year, Turkey’s HRC exports amounted to 633,858 tonne, soaring by double in comparison of the figures in the same period of a year ago.

Source - www.yieh.com)

(www.steelguru.com)

15. Iran Steel Market Trend in Week 24 - Long products - 19 Jun, 2013Top
Long products market was upward by beginning of last week as rise in offered price at IME affect retail market immediately. When debar diameter 25 mm was transacted at USD 776 per tonne ex work at IME, retail market price changed to about USD 887 per tonne. In first 2 days of the week price of angle, I beam and UNP increased like debar but limited demand level didn't let market participants accept the surge in prices. When ex rate started decreasing by Monday, long products started decreasing and finished the week at average price of USD 847 per tonne.

Prices were upward but transactions levels were limited as supply level was low. It seems that prices were being fixed as base price of coming Iranian month. Transactions were mainly for restocking and end users were not active.

As scrap price has increased, market participants expect billet price improvement at IME in coming days will influence long products market too. Some participants are waiting for USD 875 per tonne or more for debar in coming days.

At the moment Iranian steel mills are working with the lowest production capacity and surge in prices is due to higher costs, not better demand. In a situation that Turkey is experiencing political unrests and has lower competitive strength in global markets, Iranian mills should increase their export production capacities.

Source IR Steel

(www.steelguru.com)

16. Indian steel price index update on June 18 - 19 Jun, 2013Top
The Indian Long Product Price Index ILPPI has declined by 1 point on June 18, 2013, whereas Indian Flat Product price index IFPPI has inclined by 2 points. The overall Indian Steel Price Index INDSPI has gone up by 1 point.

Class17-Jun18-JunChange%
ILPPI87218720-10.0%
IFPPI8463846520.0%
INDSPI8588858910.0%

ILPPI - Long Product Price Index
IFPPI - Flat Product Price Index
INDSPI - Indian Steel Price Index

Long Products
Category17-Jun18-JunChange%
PI - TMT8945894500.0%
PI - WRC8748874800.0%
PI - Angle82378231-6-0.1%
PI - Channel83338327-6-0.1%
PI - Joist75947588-6-0.1%

PI - Product Index

Flat Products
Category17-Jun18-JunChange%
PI - Narrow Plates8032803200.0%
PI - Wide Plates8344834400.0%
PI - Hot Rolled8072807200.0%
PI - Cold Rolled9087908700.0%
PI - Galvanized89318947160.2%

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 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.

Source - Steel Price India

(www.steelguru.com)

17. Pencil ingot price movement in major places on June 18 - 19 Jun, 2013Top
Pencil ingot
LocationChange
Ahmedabad0
Alang200
Bhiwari-100
Chennai0
Durgapur-200
Ghaziabad-200
Hyderabad0
Jaipur-200
Jamshedpur0
Ludhiana-363
Kanpur0
Kolkata-300
Mandi-200
Mumbai-300
Muzaffarnagar-48
Nagpur0
Raigarh0
Raipur0
Rourkela-105
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

18. Rebar TMT QST price movement in India on June 18 - 19 Jun, 2013Top
TMT
Fe 415
12mm
LocationChange
Ahmedabad0
Bangalore0
Chennai0
Delhi0
Hyderabad-236
Indore0
Kanpur300
Kolkata0
Ludhiana-104
Mandi0
Mumbai-350
Raipur0
Rudrapur400
Muzaffarnagar0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

19. SteelGuru Projects - UltraTech Cement unit at Dankun - 19 Jun, 2013Top
SteelGuru, the leading website for steel, metal and mining industry with 150,000 page views per day and 75,000 plus registered users for its E mail based news letter Steel Trade Today, has added yet another value added service for its readers to help them remain updated with various CAPEX projects in the Indian sub continent and other emerging economies.

Under this service, although all the projects are covered, major focus remains on energy, infrastructure and manufacturing segments.

The database is updated with new information on various projects by our researchers 6 days a week and through out the year. The information is collected using various means including desk research, internet and filed visits.

The subscriber can also view the contact details of promoter related to project and wherever possible for architect, consultant and contractors etc.

Sample copy - UltraTech Cement plans to set up Portland cement unit at Dankuni : site levelling works started

Project Basic Details
Promoter:Ultratech Cement Limited
Industry:Manufacturing > Cement & Ceramics > Cement
Status:Under Execution
Product:Portland cement
Capacity:1.6 mln tpa
EDC:Deccember 2015


Location of Project
Zone:South Asia Country:India
Region:East State:West Bengal
City:Hooghly


To access the full details of the project please register with us at projects@steelguru.com

Or contact
Research Assistant
Steelguru.com
Tel +91 124 4048993
Fax +91 124 4048994

(www.steelguru.com)

20. GP steel HDG prices jump in Kanpur and Rudrapur on June 18 - 19 Jun, 2013Top
21. Steel joist I Beam prices scenario in major places on June 18 - 19 Jun, 2013Top
JSTI
GR A
250X125
LocationChange
Ahmedabad0
Bangalore0
Chennai0
Delhi0
Indore0
Kanpur0
Kolkata0
Ludhiana0
Mandi0
Mumbai-351
Raipur0
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

22. Steel plate cuttings price remain flat at Alang on June 18 - 19 Jun, 2013Top
ProductGradeSizeChange
Plate cuttingsRolling1"0
Ship ScrapMeltingMixed0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

23. Steel melting scrap price crashes in Kandla on June 18 - 19 Jun, 2013Top
Melting scrap
80:20
HMS
LocationChange
Bangalore0
Chennai0
Hyderabad300
Kandla-400
Kanpur0
Kolkata0
Ludhiana-181
Mandi-169
Mumbai0
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

24. Sponge iron price movement on June 18 - 19 Jun, 2013Top
Sponge iron
LocationChange
Bellary100
Kolkata0
Ludhiana-181
Raigarh-100
Raipur0
Rourkela-200

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

25. Pig iron price down in Raipur on June 18 - 19 Jun, 2013Top
Pig iron
Foundry Grade
LocationChange
Agra0
Jallandhar0
Kolkata0
Ludhiana0
Raipur-200

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

26. Steel wire rod price remain flat on June 18 - 19 Jun, 2013Top
WRC
SWR14
5.5/6
LocationChange
Chennai0
Delhi0
Kanpur0
Kolkata0
Raipur0
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

27. Steel angle price down in Mumbai on June 18 - 19 Jun, 2013Top
ANGL
GR A
65X6
LocationChange
Ahmedabad0
Bangalore0
Chennai0
Delhi0
Indore0
Kanpur0
Kolkata0
Ludhiana0
Mandi0
Mumbai-350
Raipur0
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

28. Steel light channel prices on June 18 - 19 Jun, 2013Top
CHNL
GR A
75/100
LocationChange
Ahmedabad0
Bangalore0
Chennai0
Delhi0
Indore0
Kanpur0
Kolkata0
Ludhiana0
Mandi0
Mumbai-351
Raipur0
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

29. Patra Narrow HR steel strips price on June 18 - 19 Jun, 2013Top
Patra
LocationChange
Delhi0
Ludhiana-91
Mandi0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

30. HR steel price remain flat on June 18 - 19 Jun, 2013Top
HRC
Tube
2.5x1250
LocationChange
Ahmedabad0
Bangalore0
Chennai0
Delhi0
Indore0
Kolkata0
Ludhiana0
Mumbai0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

31. Narrow HR steel plate price remain flat on June 18 - 19 Jun, 2013Top
PLTS
GR A
8x1250
LocationChange
Chennai0
Kanpur0
Mumbai0
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

32. Wide steel plate price remain flat on June 18 - 19 Jun, 2013Top
PLTS
GR B
12-20x2.5
LocationChange
Ahmedabad0
Bangalore0
Chennai0
Delhi0
Indore0
Kanpur0
Kolkata0
Mumbai0
Raipur0
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

33. CR steel price movement on June 18 - 19 Jun, 2013Top
CR
DSK
0.63
LocationChange
Ahmedabad0
Bangalore0
Chennai0
Delhi0
Kanpur0
Kolkata0
Ludhiana-181
Mumbai0
Pune0
Rudrapur0

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

34. GC steel HDG price movement on June 18 - 19 Jun, 2013Top
GC
100Gms
0.40

LocationChange
Bangalore0
Chennai0
Delhi0
Kanpur436
Kolkata0
Ludhiana-90
Mumbai0
Rudrapur174

Change is on 18th June 2013 as compared to 17th June 2013
Change is in INR per tonne

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.

Source - Steel Price India

(www.steelguru.com)

35. BDI further up 14 point on June 18th 2013 - 19 Jun, 2013Top
It is reported that on June 18th 2013, Baltic Dry Index reached 820 points, up by 14 point from June 17th 20013
Capsize
BCIChange
INDEX1674+86
SPOT 4 TCE AVG9360+1084
June 17th 200138276
Year Ago3420

All except INDEX in USD
Change is with respect to numbers on June 17th 20013

Panamax
BPIChange
INDEX892+14
SPOT 4 TCE AVG7107+114
June 17th 200136993
Year Ago8668


All except INDEX in USD
Change is with respect to numbers on June 17th 2013

Supramax
BSIChange
INDEX903+3
SPOT 4 TCE AVG9446+33
June 17th 200139413
Year Ago11626

All except INDEX in USD
Change is with respect to numbers on June 17th 2013

Spot 4 TC Average = Average Value of the Four Main Shipping Routes
BDI = Weighted Composite Index of BCI/BPI/BHMI

To keep tab on steel prices in India on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com. Please note that this is a paid service.

Source Strategic Research Institute

(www.steelguru.com)

Taigang Stainless cuts austenitic stainless export prices

YIEH reported that Taigang Stainless, the largest stainless steel producer in China announced to cut its export prices for austenitic stainless steel coils by USD 50 per tonne in order to reflect weak nickel prices.

After the adjustment, its export prices for 304 grades hot rolled coils with thickness of 3 mm and cold rolled coils with thickness of 2 mm are at USD 2,470 per tonne FOB and USD 2,600 per tonne FOB respectively, according to the official.

The official of Taigang Stainless said that its offer price is far from the current market price level but the company offer discounts for buyers who purchase large amounts.

Source - www.yieh.com)

(www.steelguru.com)

Smaller nickel miners to feel price fall - Analyst

ABC Online reported that an independent analyst said that there are a number of nickel mines in the Goldfields/Esperence area that may be forced to close if the price of the commodity remains low.

The nickel price dropped 7% last week, slumping to its lowest level in 4 years.

Mr Tim Treadgold said that Nickel miners around Kambalda and Ravensthorpe will struggle to remain viable. The people who might survive in the long run are the high grade mines run by independents and Mincore. Their saving grace is they have very high-grade ore but Minara and Ravensthorpe must be feeling the pressure.

He said that "Some of the older mines around Kambalda, I think a couple have already closed, the old WAMC mine which opened and then closed again. You'd have to look at Ravensthorpe and say, 'how long can you hang in there?.

The people who might survive in the long run are the high grade mines run by independents and Mincore.

Source ABC Online

(www.steelguru.com)

Vale to hike output to squeeze costs amid slide in iron ore prices

Bloomberg cited Mr Jose Carlos Martins executive director for Ferrous and Strategy as saying that Vale SA, the world’s largest iron ore producer, aims to increase production to record levels in an attempt to win back market share while higher cost competitors are hurt by falling prices.

Mr Martins said that The Rio de Janeiro based company can produce as much as 350 million tonnes next year, 40 million tonnes more than this year Vale is sticking with an official target of 326 million tonnes given in December. 40 million is something we believe is possible. There is space for Vale to grow by recovering market share and by kind of squeezing high cost producers.

Mr Martins said that The Brazilian miner will weather lower iron ore prices better than startups that began when prices were higher. Some mines aren’t profitable when prices fall below current levels because of lower ore quality and scale. Prices have fallen as much as 31% since February.

He said that Many of the juniors will fail. I don’t think they can live with the price below USD 110 declining to name firms that may face financing shortages. Many junior companies will be absorbed by big guys. Vale isn’t planning any more acquisitions as it continues to work on consolidating recent purchases. We have to digest what we ate.

Vale is scheduled to start five iron ore projects by the end of 2014 with an estimated combined capacity of 87 million tonnes at a cost of USD 8 billion. The Carajas Additional 40 Mtpy project in Brazil’s northern state of Para and the Conceicao Itabiritos venture in Minas Gerais are planned for the H2 of 2013 and the Vargem Grande Itabiritos, Conceicao Itabiritos II and the Serra Leste projects are set to start next year.

The company is also advancing with its Serra Sul S11D project in Carajas, the world’s largest iron ore complex which is the industry’s most expensive venture with a cost of almost USD 20 billion for the mine and logistics. The project is expected to start operating in the second part of 2016. While the company is experiencing delays at expansions of its Carajas and Minas Gerais mines because of Brazil’s tight labor market, the holdups are unlikely to change its schedule.

Source Bloomberg

(www.steelguru.com)
Round_corner2
Price Index - MEA
  Jun-13 Jun-06
MLPPI 4491 4497 Down
MFPPI 4914 5120 Down
MEASPI 4619 4686 Down
Currency Rates
19 Jun, 2013
USD 1.0000
AUD 1.0540
BRL 2.1638
CAD 1.0223
CNY 6.1316
EUR 0.7467
GBP 0.6395
INR 58.8633
JPY 95.2718
RUB 32.0094
ZAR 10.0017
Source: http://www.xe.com
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