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SEMI FINISHED AND FINISHED LONG PRICE CHART

Sharing the latest prices chart of finished and semi finished steel products also get the latest steel price update at steelmint.com

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SEMI FINISHED AND FINISHED LONG PRICE CHART

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  1. Semi-Finish&Finished Steel Review 06May2013 India:Longsteelmarketcontinuetolookforbuyers Table1.SpongeIron ore Indian SpongeIronat2- Year low;currentprices at $320-350/MT(Ex Works) Indianspongeiron indus- tryseemstobegetting intoaconsolidationstage. Restrictedsupplyof Iron oreinIndianmarket,ris- ingpowerandrisingim- portsof ferrousscrap. SpongeIron oreas on Monthly AveragePrice City 1stMay 15thApril Change(%) April'13 March'13 Feb'13 Raipur 19,000 20,100 -5% 19,700 20,100 20,200 Rourkela 17,700 17,900 -1% 17,900 18,200 18,300 Durgapur 19,600 20,500 -4% 20,200 19,800 20,200 Hyderabad - 19,900 - 19,800 19,700 19,300 Bellary 17,200 18,700 -8% - - - Note:Basic Price. EDandtaxes extra. Thereisnothingmuch tocheer for spongeiron manufacturers based inIndia. Data shows thatspongepriceshavedropped almost2-years low;experts blamethat manyspongemanufacturers are usinglowgradeironore,whichmakestheir qualityinferior. Abovethat, risingpower tariffs aremakinginductionfur- nacesswitchtoscrap. Current pricesareintherangeof Rs17,500-19,000/MT(basic) whichwas lastseeninFebruary 2011. Indian Spongeiron(DRI)production stoodat 23.3MnT in2012-2013: Spongeironproductionin India stoodatover23 MnTinFY2013againstan installed capacityof35MnT,accordingtoJointPlanningCommittee(JPC)annualreport. Accordingtodata, productionhas increasedoverlastyear (2011-2012)whichaccordingtoSpongeIronManufacturers Associationstoodat 20.5MnT. India still remains thelargestspongeironmanufacturer intheworld. TotalProduction -23.3 MnT CaptiveConsumption-3.5MnT Available for Sale- 19.8MnT Table2.MSIngotandBillet SNAPSHOT Increasedpower tariffsin- creasethepricesbutlowde- mandagainpulled down prices tosamelevel Ingotpriceason BilletPrice ason City 1stMay Apirl(Avg) March(Avg) 1stMay Apirl(Avg) March(Avg) Mandi 31,900 32,500 32,300 32,600 33,000 32,800 Raipur 27,700 28,500 28,700 28,400 29,100 29,100 Durgapur 28,000 28,700 28,500 28,500 29,200 29,100 MS Ingot/Billetpricesare belowMarch Averageprice Rourkela 27,600 27,700 28,100 28,000 28,300 28,600 Mumbai 29,900 30,900 31,300 30,100 31,100 31,500 Chennai(Inc.ED) 35,000 35,000 34,000 35,500 35,600 34,300 Pricesexpected toremain atcurrentlevels Gzb 31,300 31,900 32,000 - - - Note:BasicPrice.EDandtaxesextra. 1stto 15thAprilView: IncreasedPowercharges offermanufacturerstohikesteel prices.Powerchargesin Punjabincrease9-12%, whichresulted improvement ofRs600-700/MTinIngotandre-bar prices BilletmanufacturerbasedatAndhra Pradesh wereofferingtheirmaterial Rs1,000/MThigherduringthis period Ingotmanufacturerhikedoffers byRs600-800/MTonincreasedpowerandfreightchargesthat supported such priceincrease. Improved IngotandBilletprices push upre-barprices Duetostrongpurchasesbyotherstates,Raipur and Durgapur offers surged byRs 700-1000/MT

  2. Semi-Finish&Finished Steel Review 06May2013 15thAprilto2ndMay: MandiGobindgarh prices correctedby Rs 700-1,000/MT Rourkelare-baroffersreduced aroundRs 800-1,200/MT TMTmanufacturersin Durgapurcutoffers byRs1,500-1,600/MT Pricesin Mumbai consistentlyfellduetoongoingLBTstrikeandslow constructionactivities Table3.Re-BarPrice 12MMRe-barason AveragePrice PriceInclusiveof alltaxes City 1stMay 15thApril Change(%) April'13 March'13 Feb'13 1stMay Mumbai 34,000 35,000 -2.86 34,600 35,250 35,800 40,113 Raipur 32,200 33,600 -4.17 33,200 32,650 33,000 37,989 Durgapur 37,800 39,000 -3.08 38,600 37,900 38,600 37,800 Chennai 40,500 41,000 -1.22 40,800 39,900 39,300 42,525 Hyderabad 34,000 35,200 -3.41 35,000 35,200 35,300 40,113 Muzafarnagar 34,800 36,200 -3.87 35,600 35,300 35,200 41,056 Mandi 36,400 37,100 -1.89 36,800 36,400 35,900 42,944 Note:BasicPrice.EDandtaxesextra. MarketTrade Moment 5thApril:Raipursupplied re-bartoTamilNadu,Kerala,Hyderabad andChennai@32,600-32,800/MT (20mmBasic price) inlarge quantity 26thApril:BilletmanufacturersfromRourkela(Odisha) suppliedmaterialtoRaipur@ 30,200/MT (Includingall) 26thApril:Re-barmanufacturersbasedatRaipursupplied to BiharandUttarPradesh @ 32,300/MT (12mmBasic), duetohighpricesin Durgapur 27thApril:BilletandspongemanufacturerofOrissasupplied materialtoMandiGobindgarh @ 28,150/MT(Basic) and17,800/MT (Basic) respectively 27th-29thApril:Ingot supplied toMandiGobindgarhfromGujarat@ 29,200/MT (Basic) andfromRa- jasthan@ 30,100/MT(Basic) 29th-30thApril:Raigarhsupplied Ingot@ 28,000/MTandbillet@28,200/MT(Basic) toUttarPradesh 29th-30th April:RaigarhsuppliedBillet@28,600/MT (FoR price)toRaipur Structure Review:Poordemand buildpressureonmanufacturersto cutproductionandprices Followingtheingotandre-bartrend,structuremanufacturersinHyderabadcut offersconsistently. Prices fell by Rs 1,000/MTduringthemonth.Many other plants alsoreduce theirproduction InDurgapur,market playerswere tryingtohold prices butintheendof themonthpricesdroppedby more thanRs 500/MT,duetosellingpressure. Mostlyprices reduced forheavy structuresof size400& 600Beam Structureprices inMumbaimarginally improvedinfirst twoweeks butafter thatmanufacturers dropped theirofferscontinuouslyduetolesstradeactivity over LBT(LocalBody Tax)strike.

  3. IronOreMarketInsight 30 Apr2012 IronOreMarketInsight 01May2012 FinishedSteel 01May2012 Semi-Finish&Finished Steel Review 06May2013 Raipurstructuremanufacturerswereunder pressureafter demandslowdownfromSouthernandWestern region. In thebeginning,demandfromSouthern India,HyderabadandChennaipromptedRaipurmanufac- turestohikeoffersby Rs500-900/MT.But,lateras demandvanished,manufacturerscut productionlevelby 30-50% andoffers by Rs700/MT. Table4.StructurePrices City 40,50Angle 75,100Channel 125,150I-Beam 1-Apr 15-Apr 30-Apr 1-Apr 15-Apr 30-Apr 1-Apr 15-Apr 30-Apr Raipur Mumbai Durgapur Hyderabad 32200 33000 32000 32500 33100 32100 32900 33100 32500 35400 35500 34700 36200 36300 35500 36600 36700 35900 34000 34000 33500 34000 34000 33500 34500 34500 34000 35000 34800 34000 35500 34800 34500 36000 34800 34500 NOTE:Basicpricestaxesandloadingextra. 19th-30thApril:Structure Pricesin Hyderabadfell byRs1,000-1,300/MTinApril 28th-30thApril:Duetosellingpressure,structureoffersatDurgapur reduced byRs500/MT 15th-29thApril:After demandslowdown fromSouthernregion, structuremanufacturers in Central India cutof- fers byRs500-1,000/MTalongwith productioncutby30-50%. Table5.FreightTablefromMajorStation Loading/Unloading Indore Jabalpur Chennai Bangalore Delhi&NCRRegion Mandi Raipurto- 1800-2000 700 3500-3700 3200 2200-2700 - Goato- - - 1500 1400 - - Durgapurto- - - 2700-3000 - 1900 - Raigarhto- - - - - 2000-2500 - Jaipurto- - - - - - 1900 Jalnato- 800-1200 - - 2200-2500 - - *IndicativefrieghtinINR AboutSteelMint AnISO9001:2008certifiedSteelResearchandAnalysisCompanyprovidingSteelMarketinformationtopeopleinbusinessofsteel andhelpingthemtakeinformeddecisions. TheCompanyprovidescompletecoverageonmorethan25 SteelProducts(Steelrawmaterials,semi-finishedandfinishedprod- ucts). Publishingdailyandweekly,fortnightlyreportscontainingcurrentprices,marketsentiments,marketviews/analysis,outlookand industrynews. ClientsbenefitingfromSteelMint’sresearchandreportsincludesomeofthelargeststeelmanufacturersoftheworldandalmost all majorsteelcompaniesinIndiasuchasArcelorMittal,TataGroup,AdityaBirlagroup,VedantaGroup,NMDC,SAIL,SesaGoa, JindalGroup,JSW,EssarGroup,Citigroup,EnY,CRUGroupandmanymore. Raipur: 301,JeevanParisar, RajeevNagar,BehindCrystalArcade, Raipur(C.G) -492007, India Tel:+917712284888 Kolkata: 5thFloor,VishvakarmaBuilding, 86,TopsiaRoad,South-WestBlock, Kolkata(W.B)-700046, India Tel:+913322852063 www.steelmint.com

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