News
Mild steel ingot futures weaken in Mumbai exchange - 20 Jun, 2008
PTI reported that futures prices of mild steel ingots has declined on account of government measures to contain rising inflation and slowdown in construction works with arrival of monsoon.

June 2008 contract of mild steel ingots were down by 0.73% at INR 32,450 per quintal, July 2008 contract was lower by 1.07% at INR 33,190 per quintal and August 2008 contract slipped by 0.97% at INR 33,580 per quintal.

According to Mr Somnath Dey in charge of Religare Commodities Metals & Energy Research, steel prices weakened due to lean season in construction related works on arrival of monsoon and will hover around INR 32,000 to INR 33,000 per quintal level.

Mr Maniyar of Karvy also attributed fall in the iron ore export by 8% to 11% for the decline of futures prices of steel. He noted that international prices are firm but the domestic factors are weighing down on the steel futures price.



Bookmark and Share


Today's News
Main News
0blt1 Indian steel price index on August 28
0blt1 Pencil ingot prices remain in down trend on August 28
0blt1 Steel plate cuttings prices at Alang on August 28
0blt1 Steel melting scrap price on August 28
0blt1 Sponge iron price on August 28
International News
0blt1 Patra Narrow HR steel strips price on August 28
0blt1 Turkish firms hit by anti dumping duties on OCTG steel pipes to US
0blt1 Chinese steel mills fail to learn from overproduction woes
0blt1 Chinese domestic galvanized steel HDG price remain flat on August 28
0blt1 TMK updates on Russian operation in Q2 and H1 2014
0blt1 US preliminary steel imports increase 6pct - AISI


Round_corner2
 Price Index - India
28-Aug
27-Aug
IFPPI
9127
9127
Same
ILPPI
8973
8976
Down
INDSPI
9052
9054
Down
Our Major Clients
 Currency Rate
30 Aug, 2014
 
USD
1.0000   
AUD
1.0696   
BRL
2.2400   
CAD
1.0861   
CNY
6.1434   
EUR
0.7588   
GBP
0.6030   
INR
60.5581   
JPY
103.7889   
RUB
36.8353   
ZAR
10.6390   
Source: http://www.xe.com
Ads_spchina
Ads_spmea
Ads_speur