India Ispat announced to increase the price of all the HRC by US$24-30 per ton. Analysts stated that due to the cost pressure and the hiking the global steel price, Ispat doesn’t have no choice but to adjust up the price.

India government recently increased the iron ore tariff, which resulted in an increase of US$8-10 per ton in steel price.

India Tata to adjust up steel price

India SAIL and Tata declared that they lifted part steel products’
price by 1,500 rupees per ton, mainly due to the stronger demand from
auto industry.

The prices of long products using for the construction and
infrastructure kept unchanged, and the prices of flat products were
29,000-40,000 rupees per ton.

Source: MetalBiz

Search to find what you want

• Steel Authority of India cuts prices by up to 10 U.S. $ per ton

    India’s state-run steel maker SAIL cut the prices of its flat steel products, used mainly by automobile and white goods industry, by up to Rs 500 (US$10.81) a tonne on account of weakening global demand.

• POSCO s steel export prices remain unchanged

    The export price of stainless steel from POSCO is unchanged m-o-m. It is understood that POSCO made an export offer for Oct.-Nov. delivery, thereinto, the export price of CR stainless steel (0.5T) to Taiwan was U.S.$3,250 per ton (CFR) and the price to Europe and other regions was U.S.$3,150 per ton. Insiders of

• Steel prices fall in China, India feels tremors

    With steel prices heading southwards in China, India’s domestic market may witness a slump in the coming days. China is the largest producer and consumer of steel. Steel prices in China slid 10-12% to around $510/tonne level in the last three weeks, after hitting a high of around $600/tonne in

• India: Domestic steel prices under pressure through an increase in the flow of low prices of steel from China

    Domestic steel rates may come under pressure as prices are falling in China, the largest producer and consumer of steel, feel some large Indian steel producers. Steel prices in China have tumbled 10-12% to around $510/ton level in the last three weeks, after hitting a high of around $600/ton in August, instilling

• Indian steel firms to hike prices in New Year

    India’s SAIL, Essar and Ispat, all steel majors, are all set to hike prices by 3-4% or Rs 1,000-1,500 per tonne in January in line with rising global prices. In November, international steel prices had gone up over 5% following a rise in demand. The price hike, which will be

• S. Korean steelmakers Begin to Raise Steel Prices

    Amid the recent rise in raw material prices, South Korea’s price of steel products including an iron bar is to increase. According to industry insiders on Monday, Hyundai Steel has decided to raise its steel prices centering on long products and apply price increases from on February 2. Consequently, other

• China Steel cuts December prices but sees better 10

    China Steel, Taiwan’s top steel maker, will slash its domestic product prices by 4.5 percent in December from the October-November tag, but it expects a better outlook for 2010 as global economy recovers from a downturn. The cut, China Steel’s first one after three price rises since July, followed bigger Chinese

• TISCO plans steel price of U.S. $ 15-29 per ton advance

    Traders said that TISCO will adjust up the prices of 304 series and 430 series of stainless steel by 200 yuan per ton (U.S.$29 per ton ) and 100 yuan per ton (U.S.$15 per ton ) respectively.

• China steel price has been 14 weeks

     Steels prices in China had kept climbing by 14 straight weeks till last week, according to statistics from the China Iron and Steel Association. The composite price index of steel products reached 104.88 last week, up 1.12 percent over the previous week. Lange Steel’s survey on 30 steel products showed that

• Indian flat steel product prices dip 5%

    India’s top private steelmakers, including JSW and Ispat, have slashed prices of flat steel products sold in the spot market by up to 5% or 1,500/tonne in line with softening prices internationally. The new prices, which have become effective from November 1, will bring down cost of raw material for

• China steel prices continue to rise

    This week, China’s stainless steel price continues climbing, 304 series price is up by 600-1,000 yuan per ton ($88-146/t), while the price of 201 series and 430 series rises by 100-300 yuan per ton ($15-44/t). Market participants attributed the increase to steel mills’ adjusting-up price due to the reduction production

• SAIL further reduced steel prices by Rs 500 per tonne

    State-run steel maker SAIL on Monday cut prices of some of its products, used primarily by the automobile and the white goods industry, by a further Rs 500 a tonne mainly on weak global demand.

• SAIL may cut steel prices soon

    State-run steel maker Steel Authority of India Ltd (SAIL) on Thursday said that it may cut prices of some of its products in near future.

• Indian iron ore spot offer was quickly back to 100 U.S. Dollar

    India took down the price of iron ore exported to China, to US$100 per ton. In the beginning of this week, 63.5% India powder ore price was US$103-105 per ton (CFR), after that, the price rapidly slid. The local mine was eager to dispatch the products, offering US$100, but the

• Steel producers hike prices in September may

    Indian steel makers are considering a price hike in September after global prices rallied in the past month, and a decision would be taken in a couple of days, industry officials said. “People are sending out feelers in the market, today being the first. There is practicality in price hike