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This issue released on July 22, 2010

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India Steel
Market Watch

Higher iron ore prices raise hope of rebound 24


Iron ore exports through ports 28-40
Scrap market enters a quiet phase 41
Steel scrap import data in June 42-60
Q3 coking coal contract seen at $180-$200/t 61
Freight rates rise marginally 63
CONTENTS New Chairman takes charge at SAIL 66
India’s Q1 Steel production up 7.16% 2 Defective CR coil fetch high rates at e-auction 68
India’s steel imports rise 80.3% in Q1 3 Economy and Policy 70-72
India’s Q1 apparent steel use up 16.56% 3 Metaljunction e-auction trend in May & June 73
India’s FY10 crude steel capacity at 72.76 mt 5 CRC import data in June 74-90
Finished Steel Prices – (Tata Steel +JPC) 8-10 HR (coils, plates & strips) import data 91-105
Flat products prices continue to fall in June 11 Stainless Steel import data in June 106-123
Steel Cos cut steel prices 12 Tinplate import data in June 124-126
Sponge Iron prices rise marginally 12 Coated coil import data in June 127-139
Pig iron prices remain depressed 13 Plates import data in June 140-147
Steel prices in major Indian markets 14-17 Wire import data in June 148-158
Ferro Alloys price trend in India 18-22 Other category steel import data in June 159-170
Zinc prices down 23 Bars and Beams import data in June 171-181
Nickel price up on demand 23 Coking coal import chart 182-183

Contact us: Have a question or comment about our coverage? A news tip or input on steel
markets or prices? Don’t hesitate to contact ISMW and Steel Insights to share your thoughts.
Email : rakesh.dubey@mjunction.in
1 July 22, 2010
India’s Q1 steel I ndia’s steel production during the first quarter (April-June) of current financial
year (2010-11) rose 7.16 percent to 13.039 million tons (mt) compared with
production up 7.16 12.168 mt produced in the corresponding quarter of previous financial year,
according to a compilation by ISMW.
percent Of the total production during the quarter, 5.619 mt was flat products, while
ISMW 7.420 mt was long products, compared with 5.185 mt flat and 6.983 mt long
products.
Following is the break-up of steel production in India (in 000 tons):
Flat Long
Name of Company
Fy10 (Q1) Fy11 (Q1) Fy10 (Q1) Fy11 (Q1)
Tata Steel 887 901 538 622
SAIL 1666 1465 876 918
Essar 880 768 – –
Ispat 497 706 183 306
JSW 835 1059 – –
JSPL – – 109 141
RINL – – 686 681
Others 420 720 4591 4752
Total 5185 5619 6983 7420
Growth – 8.40% – 6.30%

Global crude steel G lobal crude steel production rose by nearly 28 percent in the first six
months of 2010, but it continued to slow down in June on a monthly basis
production rise 28 as mills worldwide scaled back production.
Crude steel output in January to June reached 705.8 million tons this year,
percent in H1 2010 from a recession-hit 551.9 million tons in the same period of 2009, figures from
ISMW the World Steel Association showed. Production in the first half of this year was
even 7.2 percent higher compared with the same period of 2007, when crude
steel production hit an all-time high for the whole year of 1.346 billion tons on
the back of booming demand from China.
However, on a month-on-month basis global output growth has slowed
down, said the association, whose members represent 85 percent of the
world’s steel sector. Crude steel production per day was at 3.958 million tons
in June, down from a peak of 4.018 million tons in May.
Analysts expect production to further lose pace in the coming months as the
summer slowdown and shaky economic outlook weighs on demand.
Since the second half of last year, the $500 billion steel industry has slowly
begun to come back to life after one of the worst downturns in its history.
Producers raised output and managed to bring back some of the idled
production capacity.
However, analysts felt the rebound was more due to restocking and pressure
from the rising cost of raw materials rather than real demand.
PRODUCTS (Price trend)

Mounting debt worries in the euro zone and poor economic data from the
United States as well as signs of a slowdown in China’s metals appetite have
caused raw material prices and steel demand to begin to ease in the second
half. In China, the world’s top producer and consumer of the metal, output rose
by 21.1 percent year-on-year in the same period to 323.2 million tons. But daily
output fell to 1,792 million tons in June from 1.811 million tons in May.
Contd. on next Pg

India Steel Market Watch 2 July 22, 2010


Contd. from previous Pg

China produced almost half the world’s steel last year but its thousands of
mills face headwinds from slowing property and auto markets at home.
Adding to the woes was the loss of favorable export rebates and the
prospect of a higher quarterly price for iron ore. In June alone, steel production
worldwide was up by 18 percent year-on-year at 118.8 million tons.

India’s steel imports I ndia’s steel imports during the first quarter (April-June) of current financial
year (2010-11) rose 80.3 percent to 2.47 million tons (mt) compared with 1.37
rise 80.3 percent in Q1 mt imported in the same quarter of previous financial year.
According to a compilation by ISMW, of the total imports during the quarter,
ISMW
flat products was 2.182 mt, while long product imports stood at 0.288 mt.
The import of flat products rose 81.3 from 1.203 mt in the corresponding
quarter of previous year, while that of long products rose 72.9 percent from
0.167 mt last year.
The top five countries from where import of flat products took place in the
current year were China, Korea, Russia, Japan, Saudi Arabia.
China accounted for almost 0.822 mt (50%) of total import of Galvanised,
Cold Rolled and Hot Rolled products during the quarter, while Korea accounted
for 12 percent or 0.194 mt, Russia around 0.182 mt or 11%, Japan 0.152 mt
or 9% and Saudi Arabai exported 62000 tons of Galv, CR and HR produdcts,
which was 4% of the total import of these materials.
In the long product segment (Bars & Rods, Structurals), the materials arrived
from Ukraine (31%), China (24%), Russia (14%), Korea (6%) and UAE (3%).
(See details on Pg 7 & 74-181)

India’s Q1 steel I ndia’s steel exports during the first quarter (April-June) of current financial
year (2010-11) fell 20.58 percent on higher domestic demand and a weak
exports fall 20.58% international demand, according to a compilation by ISMW.
The export stood at 0.563 mt in the first quarter of current financial year,
ISMW
compared with 0.716 mt last year.
Of the total exports during the current quarter, 0.512 mt (last year 0.670 mt)
was flat products, while 51000 tons (46000 tons last year) was long products,
according to the compilation. The top five countries where Indian flat products
(Galvanised, CR, HR) were exported during the quarter were USA (11%), UAE
(10%), Djibouti (6%), Italy (5%) Brazil (5%).
The top five importers of long products (Bards & Rods and Structurals) were
Nepal (21%), Sri Lanka (14%), UAE (8%), Maldives (7%) and Thailand (3%).
(See details on Pg 7)

India Q1 apparent India’s apparent steel use in the April-June period has risen 16.61 percent to
14.95 million tons, up from 12.82 million tons in the same period a year ago,
steel use up 16.56
PRODUCTS (Price trend)

according to a compilation by ISMW.


Apparent use of long steel products in the three-month period rose 7.8
percent percent to 7.66 million tons, up from 7.10 million tons consumed in the same
ISMW quarter a year ago.
Apparent use of flat steel products for the April-June period rose 27.45 percent
to 7.29 million tons, up from 5.72 million tons in the same period a year ago.
(See details on Pg 7)

India Steel Market Watch 3 July 22, 2010


India stainless steel I ndia’s annual stainless steel making capacity is expected to be around 3.3
million tons (mt) next year, according to industry sources.
capacity expected to The country is expected to increase stainless steel output to 6 mt per annum
in 2016, experts said. In order to meet output expansion of stainless steel, India
rise is expected to increase the imports of stainless steel scrap in 2010 by 22%.
ISMW The Indian government has reduced the duty to be imposed on imports of
stainless steel scrap and special steel scrap from 5% to 2.5%. This is being
done as the quantity of scrap to be generated from domestic sources is not
insufficient at present.

Indian steel makers H igher import in May is putting pressure on domestic steel makers and in
case this scenario continues, unsold inventory might double for some
apprehend high steel makers from existing levels. A domestic steel maker in fact apprehended
that his inventory might touch 1 million ton by August end from 0.5 million tons
inventory at present if imports happens in such levels.
ISMW According to his estimates, imports of mild steel products to India reached
around 8 million tons in May 2010 from 5 to 6 million tons in the month before.

India steel demand I ndian steel demand is likely to pick up once again from July-end or early
August on renewed enquiries from consuming sectors, industry and trade
likely to pick up from sources said on June 16. “There is no further scope for cut in steel prices
considering higher input cost, primarily of coking coal and iron ore and a revival
July-end is inevitable,” said Bhavin Chheda of Enam Holdings Pvt. Ltd.
ISMW Coking coal prices went up by almost 55 percent in the first quarter of 2010-
11 to $200 a ton compared with $129 a ton level in 2009-10 and has gone up
further by 10 percent to $225 a ton for the second quarter beginning July 2010.
Almost similar was the price movement of iron ore.
“There is already a pressure on domestic steel prices as international prices
are falling, including in China and Europe. In last 2-3 months, crude steel
production peaked as a majority of plants were operating at 2008 levels. Re-
stocking demand has gone down in Europe and the US,” Chheda said.
Lack of domestic demand for the metal was because of higher prices and a
slowdown in construction and infrastructure activities due to lack of availability
of water in some parts of India, Chheda added. He, however, felt that with the
end of water crisis following estimated normal monsoon, construction activity
would pick up resulting in a recovery in prices.
Paresh Jain of Angel Broking said a slowdown in demand has forced major
players in the steel industry to reduce prices by around $80-100/ ton in the
last few months. “Higher production in European countries as against demand
has forced producers to look at other markets like India,” Jain said. Higher
imports of steel products to India at cheaper prices are also putting pressure
on domestic steel prices at this point of time, he added.
Echoing the sentiment, Director of Adhunik Metaliks Ltd, Nirmal Kumar
Agarwal said the current sentiment in the steel industry is weak because of
PRODUCTS (Price trend)

European crisis. “But this is a temporary phase and from August, steel prices
are expected to improve significantly on revival of domestic demand and
improvement in European situation,” he said.
Prices of long products, mainly consumed by infrastructure and construction
firms in the domestic market, ranged between Rs 24,000 and Rs 25,000 a ton
as on June 15, while prices of flat products, used primarily in the automobile
sector and white goods sector, stood at Rs 32,000-34,000 a ton.

India Steel Market Watch 4 July 22, 2010


India’s Crude Steel India’s crude steel manufacturing capacity at the end of 2009-10 stood at
72.763 million tons, according to provisional data of Ministry of Steel.
capacity at 72.76 mt Following is the detailed data (000 tons)
ISMW Plant/ Group 2009-10
Sail Plants
Bhilai Steel Plant 3925
Durgapur Steel Plant 1802
Rourkela Steel Plant 1900
Bokaro Steel Plant 4360
IISCO Steel Plant 500
Alloy Steel Plant 234
Visveswarya Iron and Steel 118
Total SAIL 12839
RINL (VSP) 2910
Tata Steel 6800
JSW Steel 6600
Ispat Industries 3600
Essar Steel 4600
Jindal Steel and Power 2400
Other Producers (Estimated) 33014
Grand Total 72,763

India’s crude steel India’s crude steel capacity utilization in 2009-10 rose marginally to 89 percent
from 88 percent recorded in 2008-09, according to provisional data released
capacity utilization by Ministry of Steel.
Following is the detail of plantwise capacity utilization in last three years:
rise marginally in Crude Steel capacity utilization (%)
2009-10 Plant/Group 2007-08 2008-09 2009-10
SAIL Plants
ISMW
a) Bhilai Steel Plant 129 132 129
b) Durgapur Steel Plant 106 105 108
c) Rourkela Steel Plant 110 110 111
d) Bokaro Steel Plant 95 82 82
e) IISCO Steel Plant 92 83 79
f) Alloy Steel Plant 67 72 87
g) Vis. Iron & Steel 134 81 87
Total SAIL 109 104 105
RINL (VSP) 108 102 110
Tata Steel 100 113 97
JSW Steel 75 77 78
PRODUCTS (Price trend)

Ispat Industries 79 61 73
Essar Steel 77 73 75
Jjindal Steel & Power 51 61 81
Other EAF/MBF/EOF 77 95 85
Induction Furnace Units 81 81 97
Total 90 88 89

India Steel Market Watch 5 July 22, 2010


Indian Economy Scenario

Indian Trade: Top 5 Countries

PRODUCTS (Price trend)

India Steel Market Watch 6 July 22, 2010


Apparent Steel Use – India

PRODUCTS (Price trend)

India Steel Market Watch 7 July 22, 2010


Finished Steel Prices- Flat products

Finished Steel Prices - Long products

PRODUCTS (Price trend)

India Steel Market Watch 8 July 22, 2010


Indicative Market Price
(As on 01.07.2010)
(Rs. per ton)

Sl. No. Item Kolkata Delhi Mumbai Chennai

1 Pig Iron 25990 27800 23800 24440

2 Biliets 100 mm 34360 34710 34060 33980

3 Blooms 150 x 150 mm 32650 33640 30990 31090

4 Pencil Ingots 26060 26300 25500 26520

5 Wire Rods 6 mm 35500 35360 35850 36170

6 Wire Rods 8 mm 35210 35050 35550 35860

7 Rounds 12 mm 34930 34990 33710 33680

8 Rounds 16 mm 35070 34990 34970 34340

9 Rounds 25 mm 34660 34650 34610 34000

10 Tor / TMT / CTD 10 mm 36120 36440 36200 35900

11 Tor / TMT / CTD 12 mm 36950 36920 36940 37170

12 Tor / TMT / CTD 25 mm 37260 36920 37040 37170

13 Angles 50 x 50 x 6 mm 37710 37190 38280 37470

14 Angles 75 x 75 x 6 mm 37580 37190 38100 37830

15 Joists 125 x 70 mm 38380 37540 38490 38190

16 Joists 125 x 70 mm 37700 37640 38660 38380

17 Channels 75 x 40 mm 37400 37280 38020 37200

18 Channels 150 x 75 mm 36940 36630 37700 36670

19 Plates 6 mm 42060 43080 42780 42680

20 Plates 10 mm 42130 32880 32780 42680

21 Plates 12 mm 43800 44670 44160 44110

22 Plates 25 mm 46590 47430 47560 47570

23 HR Coils 2.00 mm 44140 45070 43660 42490

24 HR Coils 2.50 mm 42570 43520 43260 42640

25 HR Coils 3.15 mm 42390 43370 43080 42510

26 CR Coils 0.63 mm 45470 46500 44840 46700

27 CR Coils 1.00 mm 44670 45690 45180 46780

28 GP Sheets 0.40 mm 51280 52050 51200 52470

29 GP Sheets 0.63 mm 48200 48150 49940 50890

30 GC Sheets 0.40 mm 48890 49980 50790 52960

31 GC Sheets 0.63 mm 47990 49860 50020 51300

32 Melting Scrap HMS-I 20280 19800 NA 23400

33 Melting Scrap HMS-II 19240 19400 NA 18200

34 Sponge Iron (Coal Based) 16630 15800 18000 15080

NOTE :
1. All prices are in Rs./Ton and has been compiled on the basis of average of Main & Secondary producers price.
MARKETS

2. Prices are inclusive of Excise Duty & Sales / Vat Tax


3. All prices are as on 1st of the month
4. Prices are indicative

India Steel Market Watch 9 July 22, 2010


JPC Indicative Market Price
(As on 01.06.2010)
(Rs. Per tons)

Sl. No. Item Kolkata Delhi Mumbai Chennai

1 Pig Iron 26890 28800 23800 22880

2 Billets 100 mm 35050 35100 34480 34090

3 Blooms 150 x 150 mm 33490 33440 31410 31670

4 Pencil Ingots 26250 26300 25500 24960

5 Wire Rods 6 mm 39900 39980 40100 39900

6 Wire Rods 8 mm 39670 39670 39820 39600

7 Rounds 12 mm 38540 38470 37060 36640

8 Rounds 16 mm 38750 38470 38350 37300

9 Rounds 25 mm 38510 38140 38040 36960

10 Tor/TMT/CTD 10mm 39210 39210 38890 38100

11 Tor/TMT/CTD 12 mm 38990 38870 38710 38480

12 Tor/TMT/CTD 25 mm 38990 38870 38710 38480

13 Angles 50 x 50 x 6 mm 39640 39140 40330 38960

14 Angles 75 x 75 x 6 mm 39930 39210 40330 39140

15 Joists 125 x 70 mm 40020 39660 40680 39870

16 Joists 200 x 100 mm 39570 39840 40680 39510

17 Channels 75 x 40 mm 40390 39740 40560 39160

18 Channels 150 x 75 mm 39870 39380 40540 38820

19 Plates 6 mm 43410 44260 44070 43970

20 Plates 10 mm 43360 44260 44040 43970

21 Plates 12 mm 44390 45050 44620 44630

22 Plates 25 mm 47380 48100 48180 48350

23 HR Coils 2.00 mm 44320 45170 43910 42750

24 HR Coils 2.50 mm 43770 44660 44600 43930

25 HR Coils 3.15 mm 43600 44530 44470 43800

26 CR Coils 0.63 mm 45770 46380 45440 47530

27 CR Coils 1.00 mm 45550 46370 46700 48530

28 GP Sheets 0.40 mm 51630 52530 51200 52260

29 GP Sheets 0.63 mm 48980 49160 49870 50810

30 GC Sheets 0.40 mm 49870 51580 51250 53420

31 GC Sheets 0.63 mm 49040 49900 50480 51760

32 Melting Scrap HMS-I 18720 21200 NA 22880

33 Melting Scrap HMS-II 17680 21000 NA 17160

34 Sponge Iron (Coal Based) 16900 16500 18000 14560

NOTE :
1. All prices are in Rs./Ton and has been compiled on the basis of average of Main & Secondary producers price.
MARKETS

2. Prices are inclusive of Excise Duty & Sales / Vat Tax


3. All prices are as on 1st of the month
4. Prices are indicative

India Steel Market Watch 10 July 22, 2010


Flat products prices T he prices of flat products in India fell second month running in June on low
demand.
continue to fall in June Following is the average indicative price of various products :
ISMW Name of Product Price/ton in June May
Flat Products
Tata Steel Others Tata Steel Others
HR 2mm (North) 39,342 38,307 43368 42,276
CRCA 1 mm (north) 45,700 43,200 48,010 46,500
GC 0.4 mm (north) 56,900 47,858 61400 52741
GP 0.8 mm (north) 46,575 42,304 50585 45889
Long Products
Rebar 40,684 38,810 43434 39890
Wire Rod 35,000 39,540 39,000 40,740

(See import details on Pg 74-105 )

Steel prices should S teel prices have fallen in the past few months due to global de-stocking but
will stabilise in the long run, JSW Steel’s managing director Sajjan Jindal
stabilise in long term: said at its annual general meeting.
“Steel prices have fallen in the past few months due to global de-stocking.
JSW However, the prices should stabilise in the long term,” Jindal told
ISMW shareholders at the meeting in Mumbai. “Steel use in the country is increasing
but the actual demand for steel is still the same,” he said.
Describing the increase in cheap steel imports as “disturbing”, Jindal said
that this, along with higher iron ore exports, will put the local steel industry at
a disadvantage.
“We will try to impress upon the government to take steps and implement
policies which will arrest this trend,” he said.
The company plans to spend Rs 75,000 crore to expand its capacity to 32
million tons by 2020 through brownfield and greenfield expansions.

RINL raises 40 mm V izag Steel Plant (RINL) has raised rates of 40 mm round products by 6
percent in June but prices of 20.64 mm, 7 mm and 8 mm products were
round rates by 6%, decreased by 8 percent, 2 percent and 1 percent respectively. The 40 mm
rounds are generally required for making foundation bolt which is having a
drops others steady demand, an industry expert said.
ISMW “This is the reason its rate is increased to ensure margin,” he said. RINL has
reduced rates of rebar, channels and billets of specific size along with rounds,
a company release said.
Rs per ton

Sl. No. Item Grade Apr-10 May-10 Jun-10 Jul-10


1 Billet 65x65mm C20MMn 33500 32500 31000 31000
2 Channel 200x75 mm IS2062 Gr.A 39150 38150 37000 37000
3 Rebar 8mm  IS 1786 Fe 500D 39350 39350 36750 36600
4 Round 20.64 mm  55Si7 47850 47850 44000 44000
5 Round 40mm  SAE1018 37550 36550 38900 35500
6 Wire rod 7 mm  PC115 39350 37850 37050 37050
MARKETS

7 Wire rod 8 mm  EQ 39300 37800 37400 37400


The above prices are ex-plant basis incl. ED/cess and excl. VAT/CST, etc.

India Steel Market Watch 11 July 22, 2010


Essar Steel cuts flat E ssar Steel hypermart has cut HR, CR and galvanized sheet rates by Rs 0.75
per kg to Rs 1.5 per kg compared to its last month’s rates.
product rates Essar Hypermart prices NCR Gujarat
Thickness Width Prices Rs /kg less VAT @4% Prices Rs /kg less VAT @4%
ISMW
CR Sheet Coil 13/04/10 24/05/10 03/06/10 13/04/10 24/05/10 03/06/10
0.3 mm 900 - 1500 49.14 47.64 46.14 48.14 46.64 45.39
0.65 mm 900 -1500 47.51 46.01 44.51 46.51 45.01 43.76
GP Sheet Coil
0.3 mm 1220 55.90 52.90 51.9 54.40 51.40 50.65
0.6 mm 1220 51.53 48.53 47.53 50.03 47.03 46.28
HR Sheet Coil
2mm 900 - 1500 42.37 40.62 39.12 41.62 39.87 38.62
10.1 - 20mm 900 - 1500 41.31 39.56 38.06 40.56 38.81 37.56

SAIL cuts TMT prices S teel Authority of India Ltd (SAIL) on June 4 cut prices of TMT Bars on an
average of six percent compared with prices in May. Following are the new
by 6 % rates for various sizes of TMT Bars:
ISMW
SAIL TMT price Rs / ton (excl ed)
ex-Plant (Fe 500) in Kolkata January-10 April-10 May-10 Jun-10 Jul-10
8 mm and 32 mm 32797 36818 36908 34640 33767
10 mm 32336 36365 36472 34204 33331
12 - 16 mm/ 20 - 25mm 31874 35911 36036 33767 32807

Tata Steel cuts TMT T ata Tiscon rates have been reduced by around 6 percent in June compared
to their last months rates. Current rates as on June 4 are nearly equal to the
rates by 6% March rates.
ISMW Recommended Consumer Price (RCP) in Rupees per piece wef 3rd June’10 for FE 500D & SD
States 6 mm 8 mm 10 mm 12 mm 16 mm 20 mm 25 mm
West Bengal 121 201 306 440 783 1224 1908
Recommended Consumer Price (RCP) in Rupees per piece wef 4th May’10 for FE 500D
States 6 mm 8 mm 10 mm 12 mm 16 mm 20 mm 25 mm
West Bengal 128 214 326 469 835 1306 2035
Consumer Price (RCP) in Rupees per piece wef 02nd April’10 for FE 500D
States 6 mm 8 mm 10 mm 12 mm 16 mm 20 mm 25 mm
West Bengal 133 223 341 491 873 1365 2128
Consumer Price (RCP) in Rupees per piece wef 01 March’10 for FE 500D
States 6 mm 8 mm 10 mm 12 mm 16 mm 20 mm 25 mm
121 202 308 443 788 1232 1920
West Bengal 0% 0% 1% 1% 1% 1% 1%
5% 6% 6% 6% 6% 6% 6%
Notes: 1. The above prices are on cash basis and are inclusive of all taxes, 2. Each piece is of a 12-metre length, 3. All
dimensions are subject to BIS tolerance

Sponge iron prices S ponge iron (85-90 percent metallization) prices have increased by Rs
500/ton to Rs 16,000/ton basic in July on some improvement in demand,
rise Rs 500/ton in July market sources said on July 30.
Demand for sponge iron has not improved much and traders were purchasing
ISMW
very cautiously as per their need, the sources said. Pan-India prices rose
between Rs 500-1000/ton during the period on some amount of spot buying.
Sponge iron plants in West Bengal were running at half of the capacity
because of power problem, low demand and unavailability of raw material.
MARKETS

According to sources, sponge iron with 60 percent degree of metallization


is trading at Rs 10,000/ton basic in Kolkata. (See Scrap import data on Pg 42-60

India Steel Market Watch 12 July 22, 2010


Pig iron prices remain P ig iron prices remained depressed in July on weak demand from steel
makers, who in turn were facing bearish sentiments owing to lesser
depressed in July construction activity in the monsoon season.
Foundry grade pig iron (basic) was trading around Rs 22,500/ton, down
ISMW
from Rs 25,000/ton in the middle of June, trade sources said. Steel grade pig
iron (basic) was trading at Rs 21,000/ton, down by about Rs 500/ton from Rs
21,500/ton in the middle of June.
Prices have been falling since June triggered by destocking as industry has
been struggling with rising steel imports at lower prices especially from China.
Minewhile, a senior official of KIOCL, India’s leading pig iron maker said lack
of demand for pig iron has led to inventory build-up and softening in prices.
Foundry grade pig iron prices were at around Rs 25,000 per ton, down
about Rs 500 per ton over the last one month till June 22, the official said.
Buyers were offering even lower prices of around Rs 20,000 to Rs 21,000 per
ton in certain cases, he said. The downward trend in the pig iron prices was
mainly because of very low scrap prices, which were hovering around $350/
ton CFR. The official noted that both low scrap and steel demand were to be
blamed for downward trend in pig iron prices.
Steel billet prices were hovering as low as Rs 21,000 per ton and prices
for the ingot would naturally be offered lower, the official noted. But this is a
temporary phenomenon and some improvement in the price trend and demand
is expected towards the middle of July, he observed.
(See Scrap import data on Pg 42-60

MMTC fixes pig iron M MTC Limited has fixed pig iron prices for sale by rake in domestic market
at Rs 20,400 per ton. Price fixed for retail sale in domestic market is Rs
price at Rs 20,400/ton 20,700 per ton, a company statement said on June 5. The above price is fixed
on ex-plant basis and is exclusive of excise duty, sales tax, freight and other
ISMW
statutory duties, the statement said.
Under the retail sale, the maximum size of order booking per transaction per
buyer will be 500 tons, it added.

MMTC floats tender for M MTC Limited on June 25 issued a global tender for export of basic grade
pig iron in two lots of about 30,000 tons each.
export of pig iron The tender, to be closed on June 29, seeks offers for shipment in July of
basic grade pig iron (grade N-1) with pigs up to 20 kgs in weight and chips
ISMW
below 25 mm not exceeding 5 percent. Bidders may quote for one or both lots
separately indicating specific lot, quantity and unit price.

MMTC Cancels Pig M MTC Ltd, India’s leading commodity trader, cancelled its pig iron sales
tender for 30,000 tons by June 2 because the tender ended in a single
Iron Sales Tender bid at US$ 404 per ton FOB, a price that fell short of what MMTC had desired,
industry sources said on June 4. The sales tender took place on June 1, in
ISMW
which the only bid of US$ 404 per ton FOB was made by MMTC Transnational
Pte Ltd, MMTC’s subsidiary in Singapore. The FOB bid in point translates into
a price level of US$ 450 per ton C&F for delivery in East Asia.
An abortive MMTC tender this time may have ensured from what metal
traders describe as a hostile environment for pig iron sales in East Asia, market
observers said. Various traders admit that it is impossible to sell pig iron at a
MARKETS

price level of US$ 450 per ton C&F for delivery in East Asia where a strong wait-
and-see sentiment is predominant among buyers.

India Steel Market Watch 13 July 22, 2010


Steel prices depressed S teel prices remained depressed in all major markets of India in July on low
demand coupled with an expectation of a further downward correction in
in all major Indian prices, traders and producers told ISMW.

markets
ISMW
Bokaro
I ngot prices moved in the range of Rs 22,000 per ton to Rs 24,000 per ton,
while prime grade HRC was traded in the range of Rs 34,000 per ton to Rs
36,000 per ton, during the month of July in Bokaro region, they said.
“The market is volatile, but the prices are range-bound on the back of weak
demand and there was downward pressure on prices because of this. The
local producers and traders are at present struggling with huge stock and are
unable to sell as the buying activity in the market is almost nil,” a local producer
said on July 28.
The sentiments are also weak because of monsoon, which is generally a
dull period for the industry, primarily in the long segments, said another local
producer, adding, the buyers prefer highly discounted materials both in flat and
long segments from outside the region.
“The buyers are unwilling to buy from us as they are getting much cheaper
materials produced by the some of the private players situated outside the
region,” explained a local steel producer.
Meanwhile, a section of traders felt that the weakness has been seen in the
market for more than two months now and prices have bottomed out.
“The production cost is much higher than the prices at which we are selling
and this is severely hampering our margins. Some of the secondary producers
have cut their production. Even wage payment is difficult at the current
situation,” added another local producer.
Amidst this gloominess, the market is expecting the prices to fall further. Any
recovery both in demand as well as prices is unlikely before September 2010
end or October 2010 beginning, a trader said.

Raipur
I ngot prices moved in the range of Rs 24,100 per ton to Rs 24,700 per ton,
during the month of July in Raipur region, local traders and producers said.
Signs of improvement in prices were seen towards middle of the month as
there was improvement in the range of Rs 400 to Rs 500, but this could not be
sustained and the rise was curtailed back on the back of poor demand, said a
trader. “Monsoon is traditionally a period of weak demand, owing to sluggish
construction activities, and as such demand for TMT is almost nil,” said another
trader. “Monsoons have resulted into absolute halt in any kind of construction
activities but the small fabricators are still generating some demand for the light
structural segment as smaller fabrication works are taking place,” said a local
trader to ISMW on July 28, 2010.
“The scenario is unlikely to improve in the short term. However, if government
announces any new project, there some improvement could be seen,” he
said, adding, the buyers, in anticipation of further price fall, continued to defer
purchases, keeping the buying activities low.
Moreover, the overcapacity in the market is further dampening the
MARKETS

sentiments. Therefore, to cope with this quite market, many small producers
have cut their production. Contd. on next Pg

India Steel Market Watch 14 July 22, 2010


Contd. from previous Pg

“The local producers, primarily in the secondary segment, have cut their
production to almost 50 percent of their total capacity due to poor demand,”
said another local producer to ISMW.
Meanwhile, the inventory level in the market is still high. Some of the
producers and traders who are struggling with high inventory level are trying to
push material in the market which is further dampening the market sentiments.
“The inventory level at the mills particularly of TMT is seeing a surge, while,
some movement is seen in the structural segment. The mills which had cut
production during past few weeks are continuing with it as the demand scenario
has not improved as of now. However, some feel that these production cuts
resulted into the improvement in prices,” said a trader.
The market is expected to improve only after the monsoons once the
construction activities pick up pace. The traders are optimistic that September,
October and November would be good months for the industry. Till then, prices
are expected to remain range bound.

Rourkela
T he local steel market in Rourkela witnessed a downtrend in July over the last
one month as low demand conditions put pressure on prices and traders’
margins, market sources said.
“Both the flat and long products have seen a drop in prices and are not
likely to see any improvement in the coming weeks,” the sources said.
According to information available with ISMW, prices of CR coils (0.63 mm)
have dropped from over Rs 40,000 per ton to Rs 38,000 per ton. For plates,
prices have decreased by around Rs 500-1,000 per ton. On other products, the
average decline has been around Rs 300-400 per ton.
As of end July, HR coils (6 mm) were being quoted at around Rs 35,000 per
ton, while the selling price of CR coils was around Rs 38,000 per ton. Plates
(12-20 mm) were selling at Rs 39,500 per ton.
Among long products, ingot prices were hovering around Rs 24,000 per ton
while TMT bars (8 mm) were being sold at Rs 39,500 per ton.
The low demand conditions, traders said, are likely to prevail upon all
through the next couple of months. “We don’t expect to see any improvement
in the market until October,” the sources said. Besides overall low demand
in the steel market, cheaper import from China was affecting local traders.
Chinese imports include HR sheets, plates, galvanized sheets and others. High
freight costs required for transport of products through land routes was another
factor leading steel users on west and east coasts to opt for imports.

Kanpur
A downward trend prevailed in the Northern Indian steel trading hub of Kanpur
between mid-June and mid-July on destocking activities coupled with arrival
of low cost steel from China, but cold rolled prices remained slightly firm.
Cold rolled coils of 0.63 mm specification rose marginally by Rs 500/ton
during the period to Rs 42,500/ton in July.
MARKETS

However, hot rolled sheets, which showed some signs of firmness in between
Contd. on next Pg

India Steel Market Watch 15 July 22, 2010


Contd. from previous Pg
and advanced by Rs 1000/ton, fell to Rs 37,000/ton towards the middle of July,
the same level as in the middle of June.
GP sheets of 0.63 mm specification fell to around Rs 43,000/ton, down
from Rs 44,000/ton in the previous month. In the long product segment, the
prices of locally made TMT bars fell by almost Rs 500/ton to Rs 29,800/ton,
while ingot prices ranged between Rs 25,000-26,000/ton. Scrap prices fell by
almost Rs 1,500/ton to Rs 19,000/ton over same period in the previous month.
Prices have fallen since June triggered by destocking as industry has been
struggling with rising steel imports at lower prices especially from China. The
onset of monsoon typically results in restricted demand for the alloy from the
construction sector.
Outlook
According to traders in the market, the current sluggish trend is expected to
prevail for some more time with possibility towards middle of August.

Ghaziabad
H ot rolled coil prices were seen rebounding in the steel trading hub of
Ghaziabad (Uttar Pradesh) after falling for the last one month, traders told
ISMW on July 23.
However, although the prices have recovered but whether the recovery
is sustainable remains to be seen, traders said. Hot rolled coils of 5-6 mm
specification and width of 1,250 mm is being offered at Rs 35,000/ton excluding
VAT and freight on road in case of delivery in other states.
Hot rolled coils of 5-6 mm specification and width of 1500 mm is being
offered at Rs 35,500/ton excluding VAT and freight on road in case of delivery
in other states. Traders quoted prices as low as Rs 32,000/ton excluding VAT
a week earlier. Phase out of the earlier stocked inventory and speculation of
rebound in demand has led to the firmness in prices, market sources said.
Cold rolled coil sheets were trading at Rs 39,000/ton excluding VAT.
Galvanized Plate sheet prices of 0.63 mm specification were trading at Rs
40,000 excluding VAT.

Delhi
F lat product prices remained weak in the Delhi market since late June as
low demand and onset of monsoon dampened sales leading to across-the-
board fall in finished product prices.
“Over the last one month, prices of flat products have, on an average, eased
by Rs 1,000 per ton. Prices are expected to remain weak for some time, before
they bottom-out next week or early August,” traders said.
The (basic) price of HRC (2-6 mm) eased from around Rs 35,500 per ton to
Rs 34,000 per ton while that of CRC (0.63 mm) was down from Rs 42,500 per
ton to Rs 41,000 per ton. CRC (10-16 mm) prices slid from Rs 39,800 per ton in
late June to around Rs 38,000 per ton in the first week of July.
Among the long products, local ingots dropped from around Rs 30,000 per
ton to Rs 27,300 per ton. Scrap prices, however, remained stable and moved
MARKETS

in the range of Rs 21,000-22,000 per ton. “There hasn’t been any significant
Contd. on next Pg

India Steel Market Watch 16 July 22, 2010


Contd. from previous Pg
change in scrap prices over this period, unlike a softening in prices of some
finished products in the local market,” market sources said.
The fall in flat product prices were mainly due to poor demand, onset of
monsoon as well as cheap imports. Also, China’s decision to withdraw rebate
on export of HRC affected sentiment in the local market. Yet another factor
leading to stagnation was the unavailability of labourers for materials handling.
“Factory production in northern India is down due to labor shortage. This is
the harvest season for kharif crop and labors have moved to villages en masse.
This is severely affecting materials movement in the area,” the sources said.

Punjab
L ong product prices in the steel trading hub of Mandi Govindgarh (Punjab)
have stabilized a bit in the last few trading sessions after easing Rs 500-700/
ton in the last one month owing to torrential rain slowing down construction
activity, traders told ISMW on July 26.
Mild Steel ingot prices eased marginally by Rs 250/ton in the past seven
days as monsoons slowed down construction activity in the northern region.
Prices of mild steel ingot ruled at Rs 27,350/ton on July 24, down from Rs
27,600/ton a week earlier, market sources said. However, thermo mechanically
treated (TMT) re-bars of 12 mm size firmed by Rs 100/ton to Rs 29,500/ton.
“Prices have somewhat stabilized after fall for the last one month,” traders said.
Notably, rates of steel ingots, which are a key input for rolling mills, have
remained stable at Rs 28,000/ton for the last two months in the state on account
of depressed demand. Due to the dearth of demand, steel-makers have been
operating their units at 50 per cent capacity, sources said.
Punjab --- a major producer of steel -- has almost 200 induction furnaces
and 400 rolling mills spread across Mandi Gobindgarh, Ludhiana and Khanna.
The steel products manufactured in Punjab are mainly used by the bicycle,
auto parts, hand tools, fasteners and construction industry.
Units in the state produce a wide range of steel products, including TMT, MS
bar, MS round, angles and channels.

Kolkata
S teel raw material prices showed a declining trend in the Kolkata trading hub
over the last one month on weak demand from steel makers, who in turn
were facing depressed market owing lesser construction activity in the monsoon
season. Foundry grade pig iron (basic) was trading around Rs 22,500/ton, down
from Rs 25,000/ton in the middle of June, trade sources said on July 27.
Steel grade pig iron (basic) was trading at Rs 21,000/ton, down by about
Rs 500/ton from Rs 21,500/ton in the middle of June. Sponge iron prices fell
by Rs 200-500/ton in the last one month to Rs 14,000/ton. High grade sponge
iron prices fell by almost Rs 1,000/ton in the last one month to Rs 17,000/ton.
Prices have been falling since June triggered by destocking as industry has
been struggling with rising steel imports at lower prices especially from China.
Meanwhile, many small sponge iron manufacturing units in eastern India
have been curtailing production as their sales prices have fallen below the cost
MARKETS

of production. As per industry sources the medium sized and bigger sponge
iron units are running with less than half of their capacity.

India Steel Market Watch 17 July 22, 2010


Ferro Alloys prices P rice of manganese alloys in the Indian market, especially high carbon ferro
manganese, had taken a dip from middle of July 2010 after remaining static
weak in July in the month before due to low demand in the domestic as well as overseas
markets.
ISMW
High carbon ferro manganese with manganese content of 65 – 70 percent
fell from its static range of Rs 60 – 62 per kg ex-works of June and dropped in
middle of July to levels of Rs 59 – 61 per kg due to cheaper imports from South
Africa.
On July 10, Silico Manganese was quoted at around Rs 53-54 per kg, while
Ferro Manganese was quoted at around Rs 57-58 per kg. Ferro Crome prices
continued to fluctuate in lower ranges.
However, normal grade of silico manganese having manganese content of
60 and silicon content of 14 remained in the range of Rs 55 – 57 per kg ex-
works having fallen from Rs 57 – 59 per kg range in middle of May.
But Indian exporters were hopeful to sell silico manganese from India in
early July at prices which are at least $90 per ton cheaper of what they had
been sold at in May this year. They were in search of small silico manganese
manufacturer who can work on capacity booking basis.
An exporter said he intends to sell silico manganese from India having
manganese content of 60 percent and silicon content of 14 percent at $1150
per ton CIF to Taiwan. “Prices were $1240 per ton CIF Taiwan in May,” he added.
This may be a reason why leading steel makers wanted to test whether
international supplies can soften the domestic silico manganese price.
Essar Steel had incidentally floated a global tender for 3000 tons of silico-
manganese for its requirement in the period July to September 2010.
Though the required manganese percentage is a minimum of 60 percent,
silicon percentage can be within 15 to 20 percent. The size of the alloy asked
was 15 to 70 mm. The international suppliers need to quote in FOB, international
main port as well as CFR, Kandla on bulk shipment basis.

Chrome alloy
High carbon ferro chrome prices continued its downward movement due to less
demand from the domestic stainless steel makers and lesser export demands.
Domestic price slid from Rs 60 – 62 per kg ex-works in June to Rs 54 – 57
per kg in July end. Looking at the downward trend of the domestic market
prices, the main chrome ore supplier in India OMC, had revised July-September
chrome ore prices to what was prevailing in January-March 2010 quarter.
Grade Basis Price (Rs / WMT)
Excl Royalty
Incl Royalty Excl Royalty Incl Royalty
(Cr2O3) (Cr2O3)
Oct - Dec09 Jan - Mar 10 Apr -Jun10 July - Sep 10
RAW MATERIALS (Ferro Alloys)

54% & Above 54% 7123 9331 12410 9331


52 - 53.99% 52% 6865 8993 11961 8993
50 - 51.99% 50% 6600 8646 11500 8646
48 - 49.99% 48% 6026 8329 11200 8329
46 - 47.99% 46% 5451 8011 10900 8011
44 - 45.99% 44% 4511 6344 8741 6344
42 - 43.99% 42% 3570 4677 6581 4677
40 - 41.99% 40% 3399 4453 6266 4453
Source: Company data

India Steel Market Watch 18 July 22, 2010


India may bring SiMn I ndia may bring the import of silico manganese (SiMn), an important input in
steel making, under the “unrestricted” category of imports to make available
to ‘unrestricted’ larger quantity of the material to domestic steel makers.
However, there is no proposal to increase import duty on ferro alloys, a
category director in the Ministry of Steel, N.R. Dash, said on June 18.
ISMW Dash was speaking at the Indian Ferro Alloys Conference organised
by mjunction services ltd supported by the Indian Ferro Alloys Producers
Association (IFAPA) and Ministry of Steel at Bhubaneswar.
“There is a restriction on import of silico manganese because of high
emission issues, but the government is planning to remove that restriction. I
think, Directorate General of Foreign Trade (DGFT) has sent a proposal to this
effect to the Ministry of Finance,” Dash said.
Commenting on the industry’s demand to raise import duty on ferro alloys
from 5 percent to 10 percent, Dash told Steel Insights Daily on the sidelines of
the conference, “I do not think it will go up. We are not considering anything
on this.”
India has imposed a duty on export of all types of chrome ore in order to
disincentivise exports and to easily make available higher quantity of ore to the
domestic steel industry, he said.
He said steel demand in India is expected to grow by more than 10 percent
in next three years and the country’s steel making capacity is expected to grow
to more than 100 million tons per annum (mtpa) from 72 mtpa at present.
Dash said going forward the steel production in India is expected to double
in next seven years as a lot of greenfield and brownfield expansions are taking
place.
“In brownfield expansion of steel making capacities, projects worth 36
mtpa are under various stages of implementation. The capacity expansion is
happening through the greenfield route also, but the pace is slow. We need
more greenfield expansion (to meet our growing demand),” Dash said. Coming
back to the ferro alloys industry, Dash said availability of raw material is a major
issue as around 80 percent of production in the country is used domestically,
while only 20 percent is exported.
Dash said as per data available till 2008-09, the installed production of
alloys industry was 3.6 mtpa, but actual production was only around 2.4 mtpa.
“At the current production rate of ferro alloys, we can produce up to 130-140
mt of steel annually, but that is not enough going forward as steel production
capacity will double in the next few years,” he said.
Dwelling on the subject of high electricity cost for ferro alloys sector in India,
which is three to four times higher than some of the competing countries, Dash
said there is a definite need to reduce electricity cost and the government is
RAW MATERIALS (Ferro Alloys)

looking at the existing tariff structure and trying to find some ways of tackling
it, he added.
Earlier, mjunction services ltd MD and CEO Viresh Oberoi said the ferro
alloys industry will play a key role in the development of the country, which
wants to increase its steel production capacity to 124 mtpa by 2012.
There is also a growing need for cooperation between the government, the
steel industry and the ferro alloys industry, Oberoi said.

India Steel Market Watch 19 July 22, 2010


Indian steel plants I ndian steel plants are consuming more manganese alloy than international
steel makers, a senior steel plant official said at the Indian Ferro Alloys
consume more Conference on June 18 organised by mjunction services limited.
Studies indicate international steel makers consume 10 kg of manganese
manganese alloy per ton of crude steel. On the other hand, Indian steel makers consume
alloy: experts around 12 kg of manganese alloy per ton of crude steel on an average.
Average manganese alloy consumption in Bokaro or Durgapur steel plant
ISMW
of SAIL averages around 12 to 13 kg per ton of steel whereas in Bhilai Steel
Plant (BSP), it is even higher and is 19 kg per ton of steel, said Chanchal
Banerjee, AGM purchase, BSP.
BSP’s higher consumption of manganese alloy was because it makes rail
steel. Manganese alloy consumption in India would rise when focus would get
shifted to making more special variety of steel and less plain carbon steel,
Banerjee said.
International steel makers use less manganese alloy as their focus is
centered at manufacturing flat product like sheet. “FeMn and FeSi would
be required more when special steel and structural product would be
manufactured and this is why Indian consumption of manganese alloy is
high”, Banerjee added. Interestingly, ferro alloy, which domestic steel plants
consume, have lesser manganese content compared to international steel
makers, observed A.S. Mathur, executive director, in-charge, RDCIS SAIL,
during a question answer session.
“Internationally used Hc femn have manganese content of 75 percent,
whereas domestic steel makers consume the alloy which has manganese
content 70 percent,” he said. SAIL too buys this lower grade manganese alloy
from its subsidiary Maharashtra Elektrosmelt Ltd. For MEL, it is easier to make
70 percent grade because available ore in India is suitable for manufacturing
that grade only, Mathur commented.

Steel Ministry against T hough domestic steel makers are demanding increased import duty on
noble ferro alloy, the Ministry of Steel may not implement the proposal.
raising import duty Producers of noble ferro alloys, especially ferro vanadium, are currently
demanding higher import duty to save the industry from cheaper imports from
on noble ferro alloy China. Raising the duty of noble ferro alloy would hurt the domestic producers
of special steel and special tool whose input cost would rise as a result, said N.R.
ISMW
Dash, director, Ministry of Steel, government of India, at the Indian Ferro Alloys
Conference on June 18 organised by mjunction services limited. “Currently,
this industry is competitive getting the noble ferro alloys at reasonable rates
from China,” he said.
Higher cost of domestic ferro vanadium is due to the existing inverted duty
structure according to a local producer of the alloy. With this, ferro vanadium
can be imported at 5 percent customs duty where as its raw material vanadium
RAW MATERIALS (Ferro Alloys)

pentoxide can be imported at 7.5 percent customs duty.


Only 30 to 40 percent of the domestic requirement of vanadium pentoxide
is catered by the domestic aluminium industries in the form of sludge, said P.K.
Datani, director of L.R. Ferro Alloys producing ferro vanadium. “So importing
vanadium pentoxide with higher duty raises the cost of production of ferro
vanadium and this is making us non-competitive against cheap imports from
China,” he said. Dash pointed out that the Ministry of Steel is aware of this and
this situation may soon be eliminated.

India Steel Market Watch 20 July 22, 2010


Orissa mining M ovement of manganese ore has improved in Joda belt of Orissa after the
state’s steel and mines ministry ensured full time availability of deputy
department activity director of mines, responsible for swift approval and transport of mines ores.
In the recently held ferro alloy conference organized by mjunction services
improves lifting of limited at Bhubaneswar on June 18, 2010, Tarun Bhattacherjee, managing
manganese ore director, Astha Ferro Tech, a medium carbon ferro manganese producer,
expressed concern about the delay in approving movement of manganese ore
ISMW from Joda and Burbill belt of Orissa after the ore is brought from the mine owners.
State’s director of mines B.C.Pattanaik assured in the conference that steps
have been taken to ensure such delays in government approval would not
happen and things would improve by July end. However, availability of ore
from mines of Orissa still remains a point of concern. Bhattacherjee pointed out
availability of manganese ore from the mine owners such as Rungta mines is
still very poor. Other consumers pointed out OMC mines are closed and OMDC
is not providing high grade manganese ores which is making it difficult to avail
manganese ore from Orissa.

Ferro alloy demand F erro manganese and silico manganese prices remained at low levels in the
domestic market due to weak European market, traders said on June 11.
low due to weakness Europe is an important consumer of Indian ferro alloys and European crisis
had brought down demand of India alloy, an exporter said. Domestic price
in Europe of high carbon ferro manganese has remained at Rs 60 per kg ex-works and
ISMW silico-manganese at Rs 56 per kg, for the last two weeks, he added. “Price is
likely to remain firm till July-end and would rise from August with improved
demand of steel,” he added. This is because the month of August would mark
the end of the monsoon season, thereby giving rise to construction activities.

Manganese ore I mports of manganese ore turned costly in May compared to previous month
by at least $1 per dry metric ton (DMTU) for Indian producers, port data
imports turn costly revealed. They were also able to secure lower grades what they could procure
in April.
ISMW
A manganese alloy producer, Sarda Energy, incidentally imported from
Australia through Vizag port 10,000 tons of manganese ore of 44.6 percent
grade at $7.5 -7.85 DMTU in May, port officials said. In April, the producer
imported nearly the same quantity of ore from South Africa of 46.5 percent
grade at $6.5 DMTU.
Another producer, Sri Girija Smelters, imported from South Africa through
Vizag port 47.10 percent grade at $7.7 DMTU in May. The company imported
in April 47.3 percent grade from South Africa at $5.99 per DMTU, according to
RAW MATERIALS (Ferro Alloys)

data received from the port.

Manganese ore A round 21,394 tons of manganese ore was imported from South Africa via
Paradip port in May this year, according to information available with ISMW.
imports via Paradip Surya Alloy Industries Ltd imported around 10,696 tons of manganese ore,
while Modern India Con-cast Ltd imported 5,348 tons and Cosmic Ferro Alloys
ISMW
Ltd imported 5,350 tons from Paradip port.

India Steel Market Watch 21 July 22, 2010


High carbon ferro H igh carbon ferro chrome (Hc FeCr) prices have crashed from Rs 70 per kg
to below Rs 60 per kg owing to lack of demand in the domestic market.
chrome domestic Stainless steel patta grade price, an indicator of demand of Hc FeCr, has
dipped from Rs 65 per kg last week to Rs 58 per kg.
prices crash 15% Chinese domestic prices have also dropped from 98–100 cents per lb to
ISMW 96–98 cents per lb on weak demand, an exporter said on June 10.
“Offer prices for Indian-origin ferro-chrome (6-8% C, 58-60% Cr) are heard
lower this week at 103 cents per lb cfr China, down from 110 cents per lb a
week ago,” he said.
Market observers said there is a high chance that domestic chrome ore
producers, such as OMC, might cut rates next month to ensure selling of
ores.

China may cut silico- C hina may give a discount on silico-manganese prices to compete with India
despite higher cost of production because of increase in cost of electricity
manganese prices and manganese ore, trading sources said on June 16.
Indian silico-manganese of grade 65 X 16 is being offered at $1450 to $1,470
ISMW
per ton CIF Japan. To compete with Indian products, Chinese producers have
to bring down CIF prices by at least $100 per ton, traders said. This might be a
possibility with emerging interest of the Chinese vendors to recover lost ground
in Japan, market observers said.

Cheaper ferro C urrent domestic high carbon ferro manganese may be available at Rs
60 per kg basic to steel plants, but imports of the same product through
manganese from Chennai port are available currently at an assessable value of Rs 45 to Rs 47
per kg basic, port data revealed.
South Africa Around 1000 tons of high carbon ferro manganese from South Africa has
ISMW entered through the Chennai port in April 2010 according to the data.
Medium carbon ferro manganese having manganese content of 80 percent
is also entering India from Norway at an assessable rate of Rs 93 to Rs 95 per
kg which is very low according to domestic manufacturers.
“These imported medium carbon products are having much low silicon
and they cannot be manufactured in India,” a manufacturer said. They are
used for inputs in welding electrode industry and not by steel plants. Medium
carbon ferro manganese used by steel plant has manganese content of 70
percent and this is available in domestic market at Rs 86 per kg ex-works, he
RAW MATERIALS (Ferro Alloys)

added.

Ferro niobium import I mport price of ferro niobium through Mumbai port fell by 2 percent in April
2010 compared to previous month despatches, port data revealed.
price falls 2% in April Around 26,500 tons of ferro niobium was imported from Brazil at Rs 1746
per kg in April end through Mumbai port. In March, around 40,000 tons was
ISMW
imported from Brazil at Rs 1774 per kg according to port data.

India Steel Market Watch 22 July 22, 2010


Doubts over US A fter moving upward for major part of July on higher demand London Metal
Exchange (LME), Zinc prices but reacted downwards on Fed’s pessimism
recovery force over extension of further stimulus in near term and doubts about the strength
of the US economic recovery, trade and industry sources said.
downward correction The metal touched a high of $1902.5 a ton on July 22 on hectic buying
in Zinc triggered by a weak dollar and firm equity market, but fell to $1891 a ton on
June 23 as profit booking emerged at higher levels. However, the metal was
ISMW up 4.44 percent as on July 23 compared with June 25 level of $1810.5 per ton.
On the supply front, the global refined zinc market was in a 2,41,000-ton
surplus in January to May, the World Bureau of Metal Statistics (WBMS) informed
recently. According to WBMS, this was larger than the 2,10,000-ton surplus in
all of 2009. Refined zinc demand was 5,56,000 tons higher in January to May
than during the same period a year ago. However, there is not much support at
inventories level of the metal which continue to rise. Zinc inventory on the LME
improved to 6,20,775 tons on July 23 as compared to 6,17,725 tons as on July 16.
However, buying momentum remains fragile and any negative cues may trigger
sell-off in the metal due to concerns of the sustainability of the economic recovery
and this is further supported from fundamental factors which are unchanged.
The outlook for the metal is not entirely different from most of its peers in the
base metal complex. Technical cues for the metal are also positive at the moment.
However, sharply increasing inventories level could play spoilsport at times.

HZL cuts zinc prices I ndia’s leading integrated zinc and lead producer, Hindustan Zinc Ltd (HZL),
revised zinc prices on a number of occasion during the month of June in order
by Rs 6800/ton in to align it with international prices and it was ultimately down by an overall Rs
6800 per ton or 6.43 percent. The company first cut prices on June 3 by Rs
June 3900 per ton, but then raised slightly on June 14 before resorting to cut it again
ISMW on June 17 by Rs 2800. It, however cut prices again on June 24 by Rs 1100 per
ton, but raised by Rs 1000 per ton June 26.
After all these revision, the price of HG Zinc ex-Chanderia stood at Rs 99,000 per
ton on June 26 compared with Rs 105,800 per ton as on May 27. The price was
exclusive of excise duty, sales tax/VAT or any other statutory levies. The price ex-
Kolkata stood at Rs 102,000 per ton compared with Rs 108,800 per ton on May 27.

Nickel prices up on N ickel price rose sharply in July on London Metal Exchange backed by
higher demand for the base metal, technical buying and a sharp decline
higher demand, falling in inventory levels, trade and industry sources said. The upward trend was
consolidated by strong earning results out of the US and better-than-expected
inventory euro-zone economic data, they said.
ISMW The fall in inventories of nickel on the LME to 116,814 tons on July 23
compared with 126,312 tons as on June 25 also led to improve in prices, which
rose to $20,380 per ton as on July 23 compared with $19,500 a ton on June 25.
On the supply front, the world refined nickel market stood at a deficit of 5,000
RAW MATERIALS (Zinc, Nickel)

tons in the first five months of the year, as per the World Bureau of Metal Statistics.
This compares to a surplus of 48,600 tons during the year-earlier period.
The world refined nickel demand was 90,000 tons higher in the January to
May period as compared to the same period in the previous year. During this
period, nickel mine production declined 5.7% in the year to 546,000 tons.
The technical cues are quite positive for the metal and considering its
movement in recent times, nickel clearly has the capacity to shoot up suddenly.
However, the entire trend will be dictated by macro economic development,
which if its turns sour, may trigger sharp profit booking.

India Steel Market Watch 23 July 22, 2010


Higher iron ore prices Iron ore prices rose 8 percent in the week ended July 23 from a week ago on
increased buying from Chinese steel makers.
raise hopes of rebound The price increase has instilled hopes of a rebound in demand after a lull of
nearly three months.
ISMW
However, traders in China and India remained cautious as they were not
confident whether the pick up from the steel sector would be sustained.
Steel mills were buying in small quantities with majority of the transactions
being carried out by traders themselves, according to sources.
Spot Indian iron ore of 63.5 percent iron content quoted at $135/ton with
freight, up from last week’s $125/ton.
Spot iron ore of 62 percent iron content meant for delivery at China quoted
higher at $127/ton on July 23, having risen over 7 percent from $117.90/ton
over July 16.
Peak spot price of the same grade was at $184.80/ton on April 23.
Freight rate from east coast’s Paradip and Visakhapatnam port to main port
China was at $14-$15 a ton, nearly the same as last week.
Iron ore swaps trade also improved last week, reflecting an increase in
buying interest in the physical market, traders said.
In India, physical supply of iron ore was poor due to monsoon related
disruptions.
Fresh talks of export duty hikes and a slowdown in the supply chain due
to the lack of demand in the last few months has also pulled down physical
supply.
The only port that has some ready iron ore availability was at Krishnapatnam
port, according to dealers.
The monsoon season in India during the June to September period halts
shipments of the powdery iron ore fines as it tends to gain moisture and weight,
and slows down transportation of iron ore lumps due to the torrential rains.
Iron ore trade was also hampered to some extent after steel ministry officials
publicly called for export curbs, raising concerns among market participants of
an increase in taxes on iron ore exports.
But market does not expect to see a blanket ban, with the government more
inclined to raise tariffs, as the government itself benefits from ore exports, a big
earner of foreign exchange that boosts the profits of state-run steel and mining
firms.

Expectations
Prices of iron ore were expected to see some more recovery with small
amount of buying by Chinese steel mills.
But traders and manufacturers were expected to maintain caution as
they were not confident whether demand from the steel mills could be
sustained.
RAW MATERIALS (Iron Ore)

The onset of monsoon typically results in restricted demand for steel from
the construction sector.
This in turn restricts demand for the steel making raw material.
But some amount of rebound in steel demand is expected towards
the middle of August, raising hopes of a rebound in the ore prices going
forward.

India Steel Market Watch 24 July 22, 2010


Iron ore spot prices P rices of Indian iron ore in the Chinese spot market has declined once again
after gaining reasonable stability over the last two weeks. Iron ore fines
decline characterized by 63.5% Fe content moved down by $2 on June 24, and ranged
between $148 and $150 per ton cfr. On June 23, the prices ranged between
ISMW
$150 and $152 per ton cfr. Sluggish demand for finished products has made
Chinese steelmakers stay away from the iron ore market.
Moreover, as per some market reports, iron ore prices were unlikely to
move up anytime soon which is what is keeping the buyers from making fresh
bookings. The fact that the western coast of India is shut owing to monsoon,
has not made prices of Indian iron ore get firmer.

Quarterly iron ore T he iron ore market stands at an interesting juncture where buyers may try
and shy away from quarterly contracts, as based on Brazilian iron ore miner
contracts at a crucial Vale’s pricing formula, prices for the June-September quarter is likely to be 25%
higher. As per Vale’s pricing formula, the prices for the June-September quarter
juncture would get calculated based on the average spot prices during the March-May
ISMW quarter.
However, As per ISMW Research data the average price for iron ore fines
characterized by 63.5% Fe content for the period March-May stands at $166.43
per ton cfr, whereas the spot prices for the same is currently at $150 per ton cfr.
That is why unless further negotiations happen, the acceptance level of buyers
regarding the quarterly contracts may be low.
According to media reports the average reference price for 62% grade fines
for March-May quarter is $157.53 dry metric ton, cfr China. This would mean a
$31 per dry metric ton hike in prices for the June-September quarter.

OTC iron ore contracts C ME Group, the US-headquartered derivatives marketplace, has announced
it will launch a cleared over-the-counter (OTC) iron ore swap contract using
soon The Steel Index (TSI) iron ore reference price for settlement. The launch date was
scheduled for July 11, 2010. The contract lot size is 500 tons and will be cash-
ISMW
settled using the average of TSI’s 62% Fe iron ore reference prices published in
the expiring month. CME Group will initially offer clearing through its ClearPort®
platform for monthly swap contracts from August 2010 forward for 24 months.
“We are delighted to provide CME Group with the index for its settlement
of cleared iron ore swaps. Its selection of TSI’s iron ore reference price
confirms our index as the industry standard,” said Steven Randall, managing
director of TSI. “The growth potential in iron ore swap trading is enormous. In
2009 shipments of iron ore exceeded 900 million tons and there has been a
transformation over recent months in the pricing mechanisms used throughout
the physical market. These changes all support the continuing rapid growth in
the trading of OTC iron ore contracts to manage price risk.”
“The ferrous industry is the second largest commodity market by volume
RAW MATERIALS (Iron Ore)

after crude oil,” said Joe Raia, CME Group managing director of Energy and
Metals Products and Services. “CME Group will be at the forefront of establishing
a transparent and dynamic benchmark to more accurately and flexibly meet
the risk management needs of the market. This contract complements 12 dry
freight futures that we launched earlier this month, and furthers our goal of
building a complete marketplace for seaborne dry freight products, providing
risk management tools across the full ferrous production cycle. We look forward
to announcing additional products to this suite.”

India Steel Market Watch 25 July 22, 2010


Rio-BHP sign pact T he Western Australian Government, Rio Tinto and BHP Billiton on June 21
announced that they have signed a Heads of Agreement that will enable
on iron ore mining greater flexibility and efficiency in managing their iron ore mining operations
and infrastructure in the Pilbara.
operations Rio Tinto and BHP Billiton have agreed to pay iron ore royalties at all their
ISMW mines at a rate of 5.625 percent for fine ore and 7.5 percent for lump ore.
These royalties, which will apply from July 1, 2010, are in line with the rates
currently specified in the Mining Regulations 1981, said Rio Tinto in a company
announcement.
The parties have also agreed to a set of State Agreement amendments that
will promote greater efficiency and flexibility for Rio Tinto’s and BHP Billiton’s
current operations, such as the ability to share infrastructure and blend ore
across their networks. These amendments are not dependent on their proposed
production joint venture proceeding.
In recognition of the value that these State Agreement amendments will
generate and the need to support our local Western Australian communities,
it has also been agreed that the parties to the relevant State Agreements will
make a one-off, combined payment of $350 million to the State Government’s
Consolidated Revenue Fund.
Sam Walsh, executive director, Rio Tinto and chief executive of the iron ore
group, said: “This result has emerged from an extensive period of consultation
and negotiation, and will deliver profound benefits for our iron ore business, our
local Pilbara communities and the State in general. This agreement continues
Rio Tinto’s drive for operational efficiency, which is important in an increasingly
competitive global market. It will also assist us for when we are able to launch
the next phase of our Pilbara expansion plans.”
The variations to Rio Tinto’s and BHP Billiton’s State Agreements are subject
to the approval of co-venturers under our existing joint venture arrangements
and the passage of ratifying legislation by the Western Australian Parliament.

NMDC to decide I ron ore miner National Mineral Development Corporation (NMDC) will decide
on pricing mechanism for long-term contracts with domestic steel mills soon,
pricing mechanism industry sources said on June 10.
NMDC has been trying to devise a new pricing mechanism since January
ISMW
and issued provisional prices effective April 1. The prices – 34-56% higher
than fiscal 2009 levels – will remain effective until the new mechanism is
implemented. The company signed quarterly contracts with its Japanese and
South Korean customers in May at prices 93-100% higher than contract prices
for the 2009-2010. On an average, NMDC’s international customers now have
RAW MATERIALS (Iron Ore)

to pay $122 per ton fob for iron ore fines and $139 per ton fob for lumps, higher
than last year’s annual contract prices of $62 per ton fob and $65 per ton fob
for fines and lumps, respectively.
Whether these new international prices will be reflected in NMDC’s planned
pricing mechanism for its domestic customers is yet to be seen.
The new mechanism could include various options such as an index-based
system, continuing with the current formula, reviewing prices on a quarterly
basis or having a mix of spot and long-term agreements.

India Steel Market Watch 26 July 22, 2010


NMDC to review Indian state-run iron ore miner NMDC Ltd is signing new domestic price
contracts independent of international prices and will review its recently
quarterly pricing evolved quarterly pricing system next year, chairman Rana Som told ISMW on
July 19. The miner evolved the quarterly pricing structure after its long term
structure next year contracts ended in March 2010.
ISMW The company appointed M/s CRU Strategies to evolve a pricing strategy
and at the same time protect the interest of the domestic steel makers.
The consultant found out that it would be difficult to delink domestic prices
from international prices. However, to protect the interest of the domestic
steel makers, NMDC evolved a lot of parameters like protection from currency
variations and added discounts.
The miner has also decided not to increase domestic prices in case of 5
percent variation in international prices. “I feel volatility in market has started.
This system is not convenient for entering into long term contracts,” Som said.
“New contracts are being finalized independent of international prices.
The prices to be charged from long term customers will be determined by
deducting from FOB value of exports, the expected railway freight and royalty.
We will offer a fixed discount of five percent over and above the pithead price.”
In order to protect the domestic customers from the volatility of international
market, NMDC will increase prices to the extent of 2/3rd of the increase in
international market he said. To insulate the customers from the exchange
variation, the rate of Re/ US$ has been kept at April 1, 2010 level. “We have
decided to continue with this pricing structure for one year and review it next year.”
For the first quarter of 2010-11 (April-June), NMDC had fixed domestic
prices at around $62/ton. However, for the September quarter, prices were
increased by 14 percent, when the international prices rose around 22 percent,
Som added. Internationally spot iron ore prices were hovering around $117-
118/ton as on the week ended June 16.
Meanwhile, NMDC plans to raise output to 51 million tons per annum by
2014-15 from around 27-30 million tons per annum. “Typically it costs around
Rs 200 crore to raise production capacity by one million ton,” he said.
There is also a proposal to lay about 500-km pipeline bypassing the Maoist
disturbed areas to facilitate transportation of iron ore fines in slurry form from
Bailadila to Vishakhapatnam.
NMDC has appointed consultants Mecon to advice on its planned 12 million
ton evacuation pipeline out of Chhattisgarh to be set up at a cost of Rs 3,000 crore.
Mecon is expected to submit the report by October, he said, adding, the work on
pipeline along the national highway is expected to be completed by 2012.
The company took the initiative to improve iron-ore evacuation after the
evacuation pipeline of Essar Steel was damaged by Maoist attack last year.
NMDC is also planning to buy iron ore mines abroad to expand capacity
and secure supply of the steel making raw material in future.
RAW MATERIALS (Iron Ore)

The company is looking at one iron ore mining asset in Africa and two mines
in Australia. It is also jointly studying with global steel giant AreceloMittal the
prospect of the iron ore mine in Senegal (Africa).
The company is also working with Tata Steel in separate projects for global
asset development and securing the steel making raw material.
NMDC, which has a stake in International Coal Ventures Ltd, the special
Contd. on next Pg

India Steel Market Watch 27 July 22, 2010


Contd. from previous Pg
purpose vehicle formed by five state-run companies to secure coal assets in
overseas countreis, is also looking separately at opportunities for buying some
working mines or developing some undeveloped mines abroad.
NMDC has chalked out a massive investment plans in projects such as two
Greenfield steels plants, one each in Chhattisgarh and Karnataka, two pellet
plants, one each in Chhattisgarh and Karnataka, and one iron nugget plant in
partnership with Kobe Steel in Andhra Pradesh.

Baosteel not to buy B aosteel, China’s leading steel company, does not plan to purchase any ore
from the spot market in Q3 even though iron ore spot prices are lower than
spot iron ore in third the contract prices in the third quarter of 2010, according to market sources.
Local media, Xu Lejiang quoted Baoshan Iron & Steel Group (Baosteel)
quarter chairman on June 8 that iron ore’s contract prices might be higher than spot
ISMW prices in Q3, but Baosteel will not purchase from the spot market.
He also noted that Chinese mills will have a tough time in Q3 as demand
from the downstream market will be sluggish, which might put pressure on the
steel market, as iron ore contract prices are expected to peak in Q3.

Marmagao port saw A bout 6.7 million tons of iron ore fines of iron content between 51-63 percent
was exported via Marmagao port between April-June 2010, according to
6.7 million tons iron information available with ISMW.
Major part of the lot was exported to ports in China, the world’s largest steel
ore exports in Apr- maker, and Japan. About 144,630 tons was exported for ports in Luxemburg
June and 61,161 tons was exported to Thailand, the compilation showed.
Iron ore of 62 percent iron content was exported at Rs 4749/ton. Ore of 63
ISMW
percent iron content was exported at Rs 5490/ton and ore of 63.5 percent iron
content was exported at Rs 6097/ton.

Kolkata port saw 1.1 A bout 1.1 million tons of iron ore fines of iron content between 56-63 percent
was exported via Kolkata port between April-June 2010, according to
million tons iron ore information available with ISMW. Major part of the lot was exported to ports in
China, the world’s largest steel maker, while about 12,700 tons was exported
fines exports in Apr- for ports in Kazakhstan, the compilation showed.
June Iron ore of 62 percent iron content was exported at prices between Rs 4312-4695/
ton. However, one consignment of ore of the same iron content exported by Essel
ISMW Mining was exported at Rs 5751/ton. Ore of 63 percent iron content was exported
at prices between Rs 4050-6727/ton. However, one consignment of Sesa Goa was
exported at a price of Rs 7335/ton. Sesa Goa exported around 145,423 tons of iron
ore fines from Kolkata port in the three month period, while around 42,300 tons of
iron ore was exported from the port by Essel Mining and Industries Ltd.

Iron ore export A ltogether 4,39,981 tons of iron ore was exported by Indian firms through
the Vizag Port in May, according to information available with Steel Insights
RAW MATERIALS (Iron Ore)

through Vizag Port Daily. Total fob value of iron ore exports through the port was Rs 208.46 crore
while the average rate was Rs 4738 per ton.
reaches 439,981 tons The major exporters included MMTC, Fomento (Karnataka) Mining
ISMW Company, Bagadiya Brothers Pvt Ltd, BTM Exports Ltd and Essel Mining &
Industries. Out of the total exports of 4,39,981 tons, the major part or 2,73,026
tons were exported to China while the remaining 166,955 tons were dispatched
to Japan. The largest single consignment of 70,250 tons was sent by MMTC to
China on May 17.

India Steel Market Watch 28 July 22, 2010


Iron Ore Exports Through Kolkata Port
(AprIL ’10- June ’10)
Description Unit Price
Date Country Exporter Importer Grade Total
Final (Rs)
IRON ORE FINES China FAIR DEAL SUPPLIES LTD SIN-TANG DEVELOPMENT PTE LTD. 5895.00 13000
IRON ORE FINES JAGWANI PROJECTS
China BAGADIYA BROTHERS (SINGAPORE) PTE LTD FE 56.20% 2700.00 6200
FE 56.20% PVT LTD
IRON ORE FINES JAGWANI PROJECTS
China BAGADIYA BROTHERS (SINGAPORE) PTE LTD FE 56.20% 3150.00 10657
4/1/2010 FE 56.20% PVT LTD
IRON ORE FINES SINGHANIA & SONS
China CHINA NATIONAL MINERALS CO LTD FE 58% 4608.00 8000
FE 58% PVT. LTD.
IRON ORE FINES SINGHANIA & SONS
China CHINA NATIONAL MINERALS CO LTD FE 58% 4601.25 13730
FE 58% PVT. LTD.
SSS LOHA MARKETING
IRON ORE FINES China SYNERGY RESOURCES HK LTD 4500.00 2800
PVT.LTD.
SONEKO MARKETING
IRON ORE FINES China HAUSEN RESOURCES PTY LIMITED 3297.86 1120
PVT LTD
IRON ORE FINES SINGHANIA & SONS
China CHINA NATIONAL MINERALS CO LTD 4608.00 3500
FE 58% PVT. LTD.
4/5/2010
IRON ORE FINES
China RASHMI METALIKS LTD GLENCORE INTERNATIONAL AG FE 59% 3150.00 19712
FE 59%
IRON ORE FINES
China V.K. UDYOG LTD. DEVI TRADING COMPANY LIMITED 4140.00 9905
FE 59.75%
IRON ORE FINES
China GRAN OVERSEAS LTD. RED HORSE RESOURCES HK LTD. 3690.00 20823
FE 60%
SONEKO MARKETING
4/6/2010 IRON ORE FINES China HAUSEN RESOURCES PTY LIMITED 3297.86 280
PVT LTD
SONEKO MARKETING
IRON ORE FINES China HAUSEN RESOURCES PTY LIMITED 3297.86 1288
PVT LTD
IRON ORE FINES NETINCON MARKETING
China FIRST DOLPHIN TRADING 2835.00 7951
FE 56.45% PVT LTD.
IRON ORE FINES SUDAMA EXPORT PVT
4/7/2010 China DEVI TRADING COMPANY LIMITED 3375.00 14000
FE 59% LTD
IRON ORE FINES
China AMBO EXPORTS LTD AUSTRALIA BENTIE PTY LTD 4050.00 275
FE 63%
IRON ORE FINES
China SESA GOA LTD SIN-TANG DEVELOPMENT PTE LTD. 4500.00 2000
P&S
KAMYAB OVERSEAS
MINMETALS ZHEJIANG INTERNATIONAL 3285.00 15000
PVT. LTD.
IRON ORE FINES China
M.B. ISPAT
HITON RESOURCES INVESTMENT 1957.50 560
CORPORATION LTD.
IRON ORE FINES
4/8/2010 China MAHALAXMI & CO SAVITA MINES AND MINERALS PTE LTD FE 56% 4196.25 13585
FE 56%
IRON ORE FINES
China CORE MINERALS TOTAL ALLIANCE INVESTMENTS LIMITED 4500.00 16000
FE 62%
IRON ORE FINES
China AMBO EXPORTS LTD AUSTRALIA BENTIE PTY LTD 4050.00 357.5
FE 62%
SSS LOHA MARKETING
IRON ORE FINES China SYNERGY RESOURCES HK LTD 4500.00 560
PVT.LTD. RAW MATERIALS (Iron Ore Exports)
IRON ORE FINES GET MINERALS AND
China SYNERGY RESOURCES HK LTD FE 61% 4140.00 1350
FE 61% COAL PVT LTD
AMBO EXPORTS LTD AUSTRALIA BENTIE PTY LTD FE 62% 4050.00 687.5
IRON ORE FINES
China GET MINERALS AND
FE 62% SYNERGY RESOURCES HK LTD FE 62% 4410.00 675
COAL PVT LTD
4/9/2010 IRON ORE FINES GET MINERALS AND
China SYNERGY RESOURCES HK LTD FE 62% 4410.00 675
FE 62% COAL PVT LTD
IRON ORE FINES DEEPAK STEEL & POWER
China GREAT WALL IRON & STEEL GROUP (HK) FE 63% 5040.00 14860
FE 63% LTD.
IRON ORE FINES IMPEX METAL & FERRO
China NA FE 63% 5022.00 1000
FE 63% ALLOYS LTD
IRON ORE FINES
China SESA GOA LTD PSONS LTD P&S 4500.00 6398
P&S

India Steel Market Watch 29 July 22, 2010


Iron Ore Exports Through Kolkata Port (Apr’10-Jun’10), contd..

Description Unit Price


Date Country Exporter Importer Grade Total
Final (Rs)
IRON ORE FINES PRESIDENCY EXPORTS &
China RIZHAO XINGYE GROUP CO.LTD. FE 57% 3735.00 8000
FE 57% INDUSTRIES LTD
4/12/2010
IRON ORE FINES KAMYAB OVERSEAS
Kazakhstan MINMETALS ZHEJIANG INTERNATIONAL FE 57% 3285.00 1200
FE 57% PVT. LTD.
SSS LOHA MARKETING
IRON ORE FINES China SYNERGY RESOURCES HK LTD 4488.56 1652
PVT.LTD.
4/13/2010
IRON ORE FINES TAURIAN IRON AND
China GLENCORE INTERNATIONAL AG FE 59% 5172.75 18003
FE 59% STEEL CO PVT LTD
IRON ORE FINES
China SEVABRATA MISHRA SIN-TANG DEVELOPMENT PTE LTD. FE 59% 3780.00 6000
FE 59%
IRON ORE FINES
4/16/2010 China CORE MINERALS TOTAL ALLIANCE INVESTMENTS LIMITED FE 62% 4275.00 16000
FE 62%
IRON ORE FINES
China SESA GOA LTD SUNDIAL METALS AND MINERALS LTD. P&S 6210.00 12400
P&S
MOHAN GENERAL
HITON RESOURCES INVESTMENT 1957.50 420
TRADING COMPANY
IRON ORE FINES China
SONEKO MARKETING
4/19/2010 HAUSEN RESOURCES PTY LIMITED 3280.00 675
PVT LTD
IRON ORE FINES LORDS BLUETECH
China CHINA-BASE NINGBO FOREIGN TRADE CO FE 58% 4263.75 8000
FE 58% COMPANY PVT LTD
IRON ORE FINES
4/21/2010 China GNG EXPORTS KINETA INTERNATIONAL PTE LTD FE 59% 4636.80 16065
FE 59%
SSS LOHA MARKETING
IRON ORE FINES China SYNERGY RESOURCES HK LTD 3981.82 792
PVT.LTD.
4/22/2010
IRON ORE FINES
China SESA GOA LTD KINETA INTERNATIONAL PTE LTD FE 63% 7335.00 14900
FE 63%
IRON ORE FINES GET MINERALS AND
China SYNERGY RESOURCES HK LTD FE 61% 4140.00 1350
FE 61% COAL PVT LTD
IRON ORE FINES GET MINERALS AND
China SYNERGY RESOURCES HK LTD FE 62% 4410.00 675
FE 62% COAL PVT LTD
4/26/2010
IRON ORE FINES GET MINERALS AND
China SYNERGY RESOURCES HK LTD FE 62% 4410.00 675
FE 62% COAL PVT LTD
IRON ORE FINES
China SESA GOA LTD SINOSTEEL INTERNATIONAL HOLDING P&S 7335.00 19000
P&S
IRON ORE FINES SUDAMA EXPORT PVT
China DEVI TRADING COMPANY LIMITED FE 57% 2700.00 9500
FE 57% LTD
IRON ORE FINES STEER OVERSEAS PVT.
4/28/2010 China CONTINENTAL MINERALS COMPANY LTD FE 59% 5400.00 15000
FE 59% LTD.
IRON ORE FINES
China KRISHNA TRADERS STEER OVERSEAS PVT LTD FE 60% 4545.00 5500
FE 60%
IRON ORE FINES BAGADIYA BROTHERS
China CHINA NATIONAL MINERALS CO LTD FE 58% 5647.50 15150
FE 58% PVT LTD
IRON ORE FINES BAGADIYA BROTHERS
4/29/2010 China CHINA NATIONAL MINERALS CO LTD FE 58% 5647.50 3850
FE 58% PVT LTD
RAW MATERIALS (Iron Ore Exports)
IRON ORE FINES STEER OVERSEAS PVT.
China CONTINENTAL MINERALS COMPANY LTD FE 59% 5400.00 15000
FE 59% LTD.
MOHAN GENERAL
IRON ORE FINES China RED HORSE RESOURCES (HK) 4408.15 1350
TRADING COMPANY
IRON ORE FINES TAURIAN IRON AND
5/4/2010 China GLENCORE INTERNATIONAL AG FE 59% 5635.52 18500
FE 59% STEEL CO PVT LTD
IRON ORE FINES GET MINERALS AND
China SYNERGY RESOURCES HK LTD FE 62% 4312.00 1350
FE 62% COAL PVT LTD
IRON ORE FINES China FAIR DEAL SUPPLIES LTD SINOSTEEL INTERNATIONAL HOLDING 4165.74 7202
6102.89 675.77
5/5/2010 IRON ORE FINES T T L MINERALS
China DELAWARE SANGWELL TRADE CO LLC FE 62.5% 6105.63 678.625
FE 62.5% EXPORTS PVT LTD
6114.04 687.545

India Steel Market Watch 30 July 22, 2010


Iron Ore Exports Through Kolkata Port (Apr’10-Jun’10), contd..

Description Unit Price


Date Country Exporter Importer Grade Total
Final (Rs)
IRON ORE FINES
China RASHMI METALIKS LTD PT RESOURCES PTY LTD FE 59% 3520.00 17311
FE 59%
6091.03 663.68
5/6/2010
IRON ORE FINES T T L MINERALS 6096.55 669.25
China DELAWARE SANGWELL TRADE CO LLC FE 62.5%
FE 62.5% EXPORTS PVT LTD 6098.59 671.34
6101.59 674.42
IRON ORE FINES
5/7/2010 China RASHMI METALIKS LTD XIAMEN C & D INC FE 59% 3740.00 18000
FE 59%
DEVANSH EXPORTS SK RESOURCES LTD FE 57% 5280.00 8000
IRON ORE FINES
China SKSARAWAGI & CO
FE 57% SK RESOURCES LTD FE 57% 5280.00 9957
PVT LTD
IRON ORE FINES KHATUCO EXPORT
China DELAWARE SANGWELL TRADE CO LLC FE 62.5% 6080.18 652.99
5/10/2010 FE 62.5% (INDIA) PVT LTD
IRON ORE FINES KHATUCO EXPORT
China DELAWARE SANGWELL TRADE CO LLC FE 62.5% 6063.32 637.055
FE 62.5% (INDIA) PVT LTD

IRON ORE FINES KHATUCO EXPORT 6088.01 660.675


China DELAWARE SANGWELL TRADE CO LLC FE 62.5%
FE 62.5% (INDIA) PVT LTD 6109.11 682.285
SONEKO MARKETING
IRON ORE FINES China HAUSEN RESOURCES PTY LTD 4808.57 700
PVT LTD
5/11/2010
IRON ORE FINES VINEET EXPORT PVT
China CITIC AUSTRALIA COMMODITY TRADING FE 63% 5808.00 12000
FE 63% LTD
SONEKO MARKETING
5/12/2010 IRON ORE FINES China HAUSEN RESOURCES PTY LTD 4808.57 1820
PVT LTD
INTER OCCEAN VIDESH
IRON ORE FINES China P S EXIM (HK) LTD 5243.92 280
LTD
5/13/2010
IRON ORE FINES ESSEL MINING & HG (0-
China PSONS LTD 4048.00 5500
HG (0-10MM) INDUSTRIES LTD 10MM)
IRON ORE FINES
China MAHALAXMI & CO SAVITA MINES AND MINERALS PTE LTD FE 61% 5852.00 14500
FE 61%
IRON ORE FINES
5/14/2010 China SESA GOA LTD SUNDIAL METALS AND MINERALS LTD FE 63% 6727.60 18000
FE 63%
IRON ORE FINES ESSEL MINING &
China PSONS LTD FE 63.5% 6952.00 3500
FE 63.50% INDUSTRIES LTD
IRON ORE FINES T T L MINERALS
5/17/2010 China DELAWARE SANGWELL TRADE CO LLC FE 62.5% 6058.63 632.76
FE 62.50% EXPORTS PVT LTD
IRON ORE FINES
5/18/2010 China AMBO EXPORTS LTD NINGBO YOUNGOR INTERNATIONAL TRADE FE 62% 4312.00 1375
FE 62%
MOHAN GENERAL
IRON ORE FINES China RED HORSE RESOURCES (HK) 4408.15 135
TRADING COMPANY
IRON ORE FINES
5/19/2010 FE 62% China AMBO EXPORTS LTD NINGBO YOUNGOR INTERNATIONAL TRADE FE 62% 4312.00 2760

IRON ORE FINES HORNOR RESOURCES (INTERNATIONAL) P&S 6512.00 23700


China SESA GOA LTD
P&S PT RESOURCES PTY LTD P&S 6749.60 18000
GET MINERALS AND
SYNERGY RESOURCES HK LTD FE 62% 4312.00 1350
RAW MATERIALS (Iron Ore Exports)
IRON ORE FINES COAL PVT LTD
China
FE 62%
PRIME EARTH MINERALS CARBOFER GENERAL TRADING SA FE 62% 4928.00 13000
5/21/2010 IRON ORE FINES SINOSTEEL INTERNATIONAL MACAO
China RUNGTA SONS PVT LTD FE 63.5% 6336.00 18000
FE 63.50% COMMERCIAL
IRON ORE FINES
China SESA GOA LTD SINOSTEEL INTERNATIONAL HOLDING P&S 5838.80 19205
P&S
DURGESH
IRON ORE FINES China GRAND ZENITH INTERNATIONAL LTD 2200.00 700
MERCHANDISE PVTLTD

IRON ORE FINES T T L MINERALS DELAWARE SANGWELL TRADE CO LLC FE 62.5% 6038.54 614.985
5/24/2010 FE 62.5% China
EXPORTS PVT LTD DELAWARE SANGWELL TRADE CO LLC FE 62.5% 6093.57 666.235

IRON ORE FINES T T L MINERALS 6068.58 641.94


China DELAWARE SANGWELL TRADE CO LLC FE 62.5%
FE 62.50% EXPORTS PVT LTD 6083.73 656.45

India Steel Market Watch 31 July 22, 2010


Iron Ore Exports Through Kolkata Port (Apr’10-Jun’10), contd..

Description Unit Price


Date Country Exporter Importer Grade Total
Final (Rs)
IRON ORE FINES MINERAL OVERSEAS
5/24/2010 China SIN-TANG DEVELOPMENT PTE LTD FE 63.5% 6512.00 4000
FE 63.50% PVT LTD

DURGESH
IRON ORE FINES China GRAND ZENITH INTERNATIONAL LTD 3080.00 1400
MERCHANDISE PVTLTD

INDIAN PRODUCTS
5/25/2010 China SAPPHIRE MINMETALS CORPORATION LTD FE 57% 3080.00 5000
IRON ORE FINES TRADING CO PVT LTD
FE 57% ROYALLINE RESOURCES
Kazakhstan SAPPHIRE MINMETALS CORPORATION LTD FE 57% 3080.00 10000
LTD

IRON ORE FINES ROYALLINE RESOURCES


5/26/2010 Kazakhstan SAPPHIRE MINMETALS CORPORATION LTD FE 57% 3080.00 1500
FE 57% LTD

DURGESH
China GRAND ZENITH INTERNATIONAL LTD 3080.00 700
IRON ORE FINES MERCHANDISE PVTLTD

FAIR DEAL SUPPLIES LTD SIN-TANG DEVELOPMENT PTE LTD 4840.00 17000

IRON ORE FINES


China AMBO EXPORTS LTD NINGBO YOUNGOR INTERNATIONAL TRADE FE 62% 4312.00 2025
FE 62%
5/28/2010 IRON ORE FINES
China CORE MINERALS TOTAL ALLIANCE INVESTMENTS LTD FE 63% 5016.00 17500
FE 63%

IRON ORE FINES ESSEL MINING & CHINA NATIONAL BUILDING MATERIALS
China FE 63.5% 5632.00 16000
FE 63.50% INDUSTRIES LTD GROUP CORPORATION

IRON ORE FINES


China SESA GOA LTD SINOSTEEL INTERNATIONAL HOLDING P&S 5790.40 22500
P&S

DURGESH
IRON ORE FINES China GRAND ZENITH INTERNATIONAL LTD 3286.50 1017.5
MERCHANDISE PVTLTD

IRON ORE FINES


6/1/2010 China RASHMI METALIKS LTD XIAMEN C & D INC FE 59% 4037.70 23000
FE 59%

IRON ORE FINES SINOSTEEL INTERNATIONAL MACAO


China RUNGTA SONS PVT LTD FE 63.5% 5399.25 19318
FE 63.50% COMMERCIAL

IRON ORE FINES China AMBO EXPORTS LTD NINGBO YOUNGOR INTERNATIONAL TRADE 4601.10 700

IRON ORE FINES


China AMBO EXPORTS LTD NINGBO YOUNGOR INTERNATIONAL TRADE FE 62% 4601.10 700
FE 62%

IRON ORE FINES


China AMBO EXPORTS LTD NINGBO YOUNGOR INTERNATIONAL TRADE FE 62% 4601.10 700
6/2/2010 FE 62%

IRON ORE FINES


China ORIPOL INDUSTRIES LTD TOPWIN GROUP HOLDINGS LTD FE 63% 5727.90 2100
FE 63%

IRON ORE FINES


China SESA GOA LTD SINOSTEEL INTERNATIONAL HOLDING P&S 6183.31 17001
P&S

FRONTLINE
IRON ORE FINES China SINOSTEEL INTERNATIONAL HOLDING 2999.58 10800
CORPORATION LTD

SKSARAWAGI & CO
SK RESOURCES LTD FE 58% 3756.00 7000
IRON ORE FINES PVT LTD
China
FE 58% SKYLARK FISCAL
SK RESOURCES LTD FE 58% 3756.00 10000
SERVICES PVT LTD
6/3/2010 CARBOFER GENERAL TRADING SA FE 58.4% 3756.00 2500
RAW MATERIALS (Iron Ore Exports)
IRON ORE FINES
China PRIME EARTH MINERALS
FE 58.40% CARBOFER GENERAL TRADING SA FE 58.4% 3756.00 6000

IRON ORE FINES GET MINERALS AND SYNERGY RESOURCES HK LTD FE 62% 4695.00 1350
China
FE 62% COAL PVT LTD SYNERGY RESOURCES HK LTD FE 62% 4695.00 675

IRON ORE FINES


China SESA GOA LTD SINOSTEEL INTERNATIONAL HOLDING P&S 6178.62 600
P&S

IRON ORE FINES NOBLE RESOURCES AND


6/4/2010 China NOBLE RESOURCES LTD FE 61.02% 4460.25 19000
FE 61.02% TRADING INDIA PVT LTD

IRON ORE FINES


China SMNIRYAT PVT LTD SYNERGY RESOURCES HK LTD FE 60% 3756.00 8400
FE 60%
6/7/2010
IRON ORE FINES
China SMNIRYAT PVT LTD SYNERGY RESOURCES HK LTD FE 63.5% 5783.23 4200
FE 63.5%

India Steel Market Watch 32 July 22, 2010


Iron Ore Exports Through Kolkata Port (Apr’10-Jun’10), contd..

Description Unit Price


Date Country Exporter Importer Grade Total
Final (Rs)
IRON ORE FINES China RASHMI METALIKS LTD PINGXIANG IRON & STEEL CO 4319.40 28714

AMBO EXPORTS LTD NINGBO YOUNGOR INTERNATIONAL TRADE FE 62% 4601.10 700
6/8/2010 IRON ORE FINES
China GET MINERALS AND
FE 62% SYNERGY RESOURCES HK LTD FE 62% 4695.00 2025
COAL PVT LTD

6/9/2010 IRON ORE FINES China FAIR DEAL SUPPLIES LTD SIN-TANG DEVELOPMENT PTE LTD 5164.50 1000

IRON ORE FINES KHATUCO EXPORT FE 62.5% 6501.24 665.405


6/10/2010 China DELAWARE SANGWELL TRADE CO LLC
FE 62.5% (INDIA) PVT LTD 6535.37 699.225

IRON ORE FINES KHATUCO EXPORT


China DELAWARE SANGWELL TRADE CO LLC FE 62.5% 6091.01 663.66
FE 62.5% (INDIA) PVT LTD

IRON ORE FINES CHINA NATIONAL BUILDING MATERIALS


6/11/2010 China SESA GOA LTD FE 63% 6479.10 9119
FE 63% GROUP CORPORATION

IRON ORE FINES CHINA NATIONAL BUILDING MATERIALS


China RUNGTA SONS PVT LTD FE 63.5% 5874.85 19684
FE 63.50% GROUP CORPORATION

RPIYARELALL INDO SINO TRADE PTE LTD 5375.78 5000


IRON ORE FINES China INTERNATIONAL PVT
LTD INDO SINO TRADE PTE LTD 5375.78 15000

IRON ORE FINES FALGUN EXPORT PVT


China SINOSTEEL INTERNATIONAL HOLDING FE 60% 3943.80 7900
FE 60% LTD
6/15/2010 IRON ORE FINES BAGADIYA BROTHERS
China XIAMEN ITG GROUP CORP LTD FE 62% 5845.28 9800
FE 62% PVT LTD

IRON ORE FINES BAGADIYA BROTHERS


China XIAMEN ITG GROUP CORP LTD FE 62% 5845.28 6704
FE 62% PVT LTD

IRON ORE FINES TIANJIN MATERIALS AND EQUIPMENT


China SMOVERSEAS FE 62.05% 6807.75 5000
FE 62.05% GROUP

IRON ORE FINES FIVE STAR VANIJYA PVT


China HAUSEN RESOURCES PTY LTD FE 56% 3286.50 8332
FE 56.00% LTD
6/16/2010
IRON ORE FINES
China CORE MINERALS TOTAL ALLIANCE INVESTMENTS LTD FE 62.5% 5352.30 19000
FE 62.5%

IRON ORE FINES ROYALLINE RESOURCES


Kazakhstan RADIANT INTERNATIONAL FZC FE 57% 3521.25 10000
FE 57% LTD

IRON ORE FINES ROYALLINE RESOURCES


Kazakhstan RADIANT INTERNATIONAL FZC FE 57% 3521.25 4000
FE 57% LTD
6/17/2010
IRON ORE FINES ROYALLINE RESOURCES
Kazakhstan RADIANT INTERNATIONAL FZC FE 57% 3521.25 20000
FE 57% LTD

IRON ORE FINES KHATUCO EXPORT


China DELAWARE SANGWELL TRADE CO LLC FE 62.5% 6065.70 639.26
FE 62.5% (INDIA) PVT LTD

IRON ORE FINES


China AMBO EXPORTS LTD CHINA NATIONAL MINERALS CO LTD FE 61% 4906.28 13500
FE 61%

IRON ORE FINES FROST INTERNATIONAL


6/21/2010 China SYNERGY RESOURCES HK LTD FE 62% 5359.26 1350
FE 62% LTD

IRON ORE FINES IMPEX METAL & FERRO


China NA FE 63% 5323.82 1426.26
FE 63% ALLOYS LTD

IRON ORE FINES ESSEL MINING &


RAW MATERIALS (Iron Ore Exports)
China FOCUS TRADING COLTD FE 62% 5751.38 17300
FE 62% INDUSTRIES LTD
6/22/2010
IRON ORE FINES CHINA NATIONAL BUILDING MATERIALS
China RUNGTA MINES LTD FE 63.5% 6257.11 19000
FE 63.5% GROUP CORPORATION

IRON ORE FINES


6/23/2010 China AMBO EXPORTS LTD CHINA NATIONAL MINERALS CO LTD FE 61% 4906.28 2500
FE 61%

IRON ORE FINES


6/25/2010 China RASHMI METALIKS LTD TRAFIGURA BEHEER BVAMSTERDAM FE 61% 4788.90 21000
FE 61%

IRON ORE FINES


China MAHALAXMI & CO SAVITA MINES AND MINERALS PTE LTD FE 61% 5023.65 12000
FE 61%
6/28/2010
IRON ORE FINES VINEET EXPORT PVT
China CITIC AUSTRALIA COMMODITY TRADING FE 61.30% 4896.89 15000
FE 61.30% LTD

Grand Total 1153925.315

India Steel Market Watch 33 July 22, 2010


Iron Ore Exports Through Marmagao Port
(AprIL ’10- June ’10)
Date Description Country Exporter Importer Grade Unit Price (Rs) Total

2925.00 62652
IRON ORE (CALIBRATED LUMPY) China NA NA
3150.00 70564

IRON ORE FINES China NA NA 2677.50 50796

IRON ORE FINES (GOA) China NA NA (GOA) 3015.00 49095

China NA NA (GOAN P&S) 3366.77 48735


IRON ORE FINES (GOAN P&S)
Japan NA NA (GOAN P&S) 3949.65 16187.5

IRON ORE FINES (GOAN P&S) Japan NA NA (GOAN P&S) 3949.65 16187.5

1129.50 44065

2567.38 40584.6
China NA NA (GOAN PROC)
IRON ORE FINES (GOAN PROC) 3330.00 81000

3648.24 60705

Japan NA NA (GOAN PROC) 2322.90 32302.5

1219.86 48656.08

2710.17 880

China NA NA (GOAN PROC) 3749.13 59549

IRON ORE FINES (GOAN PROC) 4651.56 68464

4651.56 1056

2322.90 32302.5
Japan NA NA (GOAN PROC)
4399.11 76120

IRON ORE FINES (HGFP) Japan NA NA (HGFP) 4050.90 72135

2508.18 43095

2600.83 45900
April'10
3891.05 127890

4517.45 115062.5
IRON ORE FINES (P&S) China NA NA (P&S)
4633.38 88550

5112.23 125840

5410.24 9625

5785.90 127050

2104.42 66951

IRON ORE FINES (PROC) Japan NA NA (PROC) 2104.43 56790

2104.43 39105

IRON ORE FINES 58.00% (PROC) Luxembourg NA NA 58% (PROC) 3507.60 144630

IRON ORE FINES FE 51% China NA NA FE 51% 1665.00 45496

IRON ORE FINES FE 51/50% (PROC) China NA NA FE 51/50% (PROC) 1755.00 48848 RAW MATERIALS (Iron Ore Exports)
1642.50 47897.85
IRON ORE FINES FE 51/50% (PROC) China NA NA FE 51/50% (PROC)
1710.00 49364

1710.00 55245

IRON ORE FINES FE 52% China NA NA FE 52% 1980.00 58541.4

2801.25 131067

IRON ORE FINES FE 52% China NA NA FE 52% 2801.25 131086.8

IRON ORE FINES FE 52.00% China NA NA FE 52% 2475.00 45540

IRON ORE FINES FE 52.00%<= China NA NA FE 52%<= 1642.50 50040

IRON ORE FINES FE 52/51% China NA NA FE 52/51% 1710.00 86330

IRON ORE FINES FE 53% (GOAN PROC) China NA NA FE 53% (GOAN PROC) 3252.24 49918.75

India Steel Market Watch 34 July 22, 2010


Iron Ore Exports Through Marmagao Port (Apr’10-Jun’10), contd..

Date Description Country Exporter Importer Grade Unit Price (Rs) Total
2700.00 136260

IRON ORE FINES FE 54% China NA NA FE 54% 2880.00 40977

3240.00 48413.7

2812.50 46260
IRON ORE FINES FE 54% China NA NA FE 54%
3150.00 58696

IRON ORE FINES FE 54.00% China NA NA FE 54% 2754.29 46870.32

IRON ORE FINES FE 54/53% China NA NA FE 54/53% 2610.00 13200

IRON ORE FINES FE 54/54% China NA NA FE 54/54% 2520.00 51165

2250.00 109185

IRON ORE FINES FE 55% China NA NA FE 55% 2700.00 37260

2767.50 22500

IRON ORE FINES FE 55% China NA NA FE 55% 2340.00 44100

4527.81 127455
IRON ORE FINES FE 56.30% China NA NA FE 56.30%
5030.86 127977

2835.00 43695
IRON ORE FINES FE 57.00% China NA NA FE 57%
April’10 3465.00 31417

IRON ORE FINES FE 58% China NA NA FE 58% 3465.00 22250

IRON ORE FINES FE 58.00% China NA NA FE 58% 3375.00 45034

IRON ORE FINES FE 58.00%-57.00% China NA NA FE 58%-57% 3825.00 49312

IRON ORE FINES FE 58.30% China NA NA FE 58.30% 5992.24 62920

IRON ORE FINES FE 58.50% China NA NA FE 58.5% 6008.87 62562.5

IRON ORE FINES FE 61% China NA NA FE 61% 4860.00 24030

IRON ORE FINES FE 62% China NA NA FE 62% 4749.75 46964.7

IRON ORE FINES FE 63.50/62.50% China NA NA FE 63.5/62.5% 6097.50 49882.4

IRON ORE LUMP FE 60% China NA NA 3375.00 17800

2155.41 27968
IRON ORE LUMPS (PROC) Japan NA NA
2155.41 9200

IRON ORE LUMPS FE 54.50% China NA NA 2603.36 55936

3913.34 27450
IRON ORE LUMPS FE 58.50% Japan NA NA
3913.34 10065

IRON ORE LUMPS FE 63.00%/ 62.00% China NA NA 5490.00 40480

4259185.6

IRON ORE FINES China NA NA 2305.72 46956

IRON ORE FINES (GOAN P&S) China NA NA (GOAN P&S) 3831.43 45090

China NA NA (GOAN PROC) 1855.39 45543.75


RAW MATERIALS (Iron Ore Exports)
2208.27 49000

IRON ORE FINES (GOAN PROC) 2782.47 50181.25

3916.00 62190

May'10 4327.40 65648

IRON ORE FINES (HGFP) Japan NA NA (HGFP) 3960.88 74250

2327.19 46197.5

4775.57 104125

IRON ORE FINES (P&S) China NA NA (P&S) 4775.57 44625

5167.33 49271.25

5579.80 80278

India Steel Market Watch 35 July 22, 2010


Iron Ore Exports Through Marmagao Port (Apr’10-Jun’10), contd..

Date Description Country Exporter Importer Grade Unit Price (Rs) Total
Japan NA NA (P&S) 2331.96 69300
IRON ORE FINES (P&S)
THAILAND NA NA (P&S) 4411.75 61161

IRON ORE FINES (PROC) China NA NA (PROC) 4139.70 49453.2

IRON ORE FINES (PROC) Japan NA NA (PROC) 2057.66 61380

IRON ORE FINES FE 50% China NA NA FE 50% 1540.00 15210

IRON ORE FINES FE 51/50% China NA NA FE 51/50% 1980.00 43908.9

1936.00 471.6

IRON ORE FINES FE 52% China NA NA FE 52% 2332.00 48600

2739.00 279.9

IRON ORE FINES FE 52.00% China NA NA FE 52% 1760.00 51330

IRON ORE FINES FE 54.00% China NA NA FE 54% 2693.09 49.68

IRON ORE FINES FE 54.00%/53.00% China NA NA FE 54%/53% 1571.00 45584

IRON ORE FINES FE 55% China NA NA FE 55% 2640.00 225

IRON ORE FINES FE 55.00/54.00% China NA NA FE 55/54% 2244.00 40500

May’10 IRON ORE FINES FE 56.30% China NA NA FE 56.30% 4687.83 138688

IRON ORE FINES FE 56.50% China NA NA FE 56.5% 2802.37 75064

IRON ORE FINES FE 58.00% - 57.00% China NA NA FE 58%-57% 3740.00 39646

5595.33 28320
IRON ORE FINES FE 58.30% China NA NA FE 58.30%
5595.33 26550

3432.00 43725.7
IRON ORE FINES FE 58/57% China NA NA FE 58/57%
4664.00 37914

IRON ORE FINES FE 60% China NA NA FE 60% 3960.00 60750

IRON ORE FINES FE 60.00% China NA NA FE 60% 4667.83 25990

IRON ORE FINES FE 61% China NA NA FE 61% 4752.00 147.74

IRON ORE FINES FE 61/60% China NA NA FE 61/60% 5500.00 32200

2024.00 58770
IRON ORE LUMPS (GOAN PROC) China NA NA
3443.79 28800

IRON ORE LUMPS (GOAN PS) China NA NA 1309.79 27000

IRON ORE LUMPS (P&S) China NA NA (P&S) 3854.24 76440

1950814.47

IRON ORE (CALIBRATED LUMPY) China (blank) (blank) 1643.25 48060

IRON ORE FINES FE 54/53% China (blank) (blank) FE 54/53% 1768.45 7200

1991.62 2116
IRON ORE LUMPS (GOAN PROC) Japan (blank) (blank) (GOAN PROC)
1991.62 60628

IRON ORE LUMPS FE 56.30% China (blank) (blank) FE 56.30% 2833.62 46410
RAW MATERIALS (Iron Ore Exports)
IRON ORE LUMPS FE 58.30% China (blank) (blank) FE 58.30% 5445.47 67767.2

June '10 3867.22 14332.5


IRON ORE LUMPS FE 58.50% China (blank) (blank) FE 58.50%
3867.22 33442.5

IRON ORE LUMPS FE 59% China (blank) (blank) FE 59% 4225.50 55800

IRON ORE LUMPS FE 60% China (blank) (blank) FE 60% 4225.50 58236

IRON ORE LUMPS P&S China (blank) (blank) P&S 2946.62 56693

IRON ORE SOFT LUMP FE 51% China (blank) (blank) FE 51% 939.00 34017

IRON ORE SOFT LUMP FE 57% China (blank) (blank) FE 57% 1878.00 42786.6

527488.8

Grand Total 6737488.87

India Steel Market Watch 36 July 22, 2010


Iron Ore Exports Through VIZAG Port
(May’10)
Unit Price
Date Port Description Country Exporter Importer Grade Total
(Rs)

1 May ’10 Vizag IRON ORE FINES (FE <62%) China GLOBAL ASSOCIATES NA (FE <62%) 5667.20 4676

6141.76 8664

BAGADIYA BROTHERS
IRON ORE FINES (FE <62%) China NA (FE <62%) 6141.76 16800
PVT LTD
4 May ’10 Vizag
6141.76 7700

IRON ORE FINES (FE ESSEL MINING &


China NA (FE 62%<=) 7007.00 348
62%<=) INDUSTRIES LTD

NIRNIDHI MARKETING
NA (FE <62%) 5728.80 28700
PRIVATE LIMITED
7 May ’10 Vizag IRON ORE FINES (FE <62%) China
PEC LIMITED NA (FE <62%) 3724.97 600

IRON ORE FINES (FE FOMENTO (KARNATAKA)


China NA (FE 62%<=) 6719.68 94
62%<=) MINING COMPANY
10 May ’10 Vizag
IRON ORE LUMPS (FE
Japan MMTC LIMITED NA (FE 60%<=) 3027.77 32235
60%<=)

STEER OVERSEAS PVT.


IRON ORE FINES (FE <62%) China NA (FE <62%) 6285.18 3604
LTD.
12 May ’10 Vizag
IRON ORE LUMPS (FE
Japan MMTC LIMITED NA (FE 60%<=) 3027.77 32235
60%<=)

NA (FE <62%) 6274.40 9800


13 May ’10 Vizag IRON ORE FINES (FE <62%) China KRISHNA TRADERS
6679.20 3000

SINGHANIA & SONS PVT.


15 May ’10 Vizag IRON ORE FINES (FE <62%) China NA (FE <62%) 5305.08 14300
LTD.

IRON ORE FINES (FE


17 May ’10 Vizag Japan MMTC LIMITED NA (FE 62%<=) 2583.36 70250
62%<=)

BTM EXPORTS
NA (FE <62%) 6286.28 26300
LIMITED
21 May ’10 Vizag IRON ORE FINES (FE <62%) China
VINEET EXPORT PVT.
NA (FE <62%) 6476.80 15250
LTD.
RAW MATERIALS (Iron Ore Exports)
IRON ORE FINES (FE
24 May ’10 Vizag China MMTC LIMITED NA (FE 62%<=) 6914.16 65000
62%<=)

IRON ORE FINES (FE MINERALS AND METALS


25 May ’10 Vizag China NA (FE 62%<=) 6679.20 6790
62%<=) TRADERS

VINEET EXPORT PVT.


IRON ORE FINES (FE <62%) China NA (FE <62%) 6476.80 50
LTD.
31 May ’10 Vizag
IRON ORE FINES (FE FOMENTO (KARNATAKA)
China NA (FE 62%<=) 4655.20 61350
62%<=) MINING COMPANY

Grand Total 407746

India Steel Market Watch 37 July 22, 2010


Fe Content 50%-55%
Port Date 50.00% 51.00% 52.00% 53.00% 54.00% 55.00% 52%<=
April’10 1665.00 2353.50 3252.24 2815.68 2461.50 1642.50
Marmagao May’10 1540.00 2191.75 2693.09 2640.00
June ‘10 939.00

Fe Content 56%-57%
Port Date 56.00% 56.20% 56.30% 56.50% 57.00%
4/1/2010 2925.00
4/8/2010 4196.25
5/10/2010 5280.00
Kolkata 5/25/2010 3080.00
5/26/2010 3080.00
6/16/2010 3286.50
6/17/2010 3521.25
April'10 4779.33
Marmagao May'10 4687.83 2802.37
June '10 2833.62 1878.00

Fe Content 56%-59%
Port Date 57.00% 58.00% 58.30% 58.40% 58.50% 59.00% 58%-57% 58/57% 59%
4/5/2010 3150.00
4/13/2010 5172.75
4/16/2010 3780.00
4/21/2010 4636.80
4/28/2010 5400.00
4/29/2010 5400.00
5/4/2010 5635.52
Kolkata 5/6/2010 3520.00
5/7/2010 3740.00
5/10/2010 5280.00
5/25/2010 3080.00
5/26/2010 3080.00
6/1/2010 4037.70
6/3/2010 3756.00 3756.00
6/17/2010 3521.25
April'10 3507.60 5992.24 6008.87 3825.00
Marmagao May'10 5595.33 3740.00 4048.00
June '10 1878.00 5445.47 3867.22 4225.50

Fe Content 60%-less than 62%


Port Date 60.00% 61.00% 61.02% 61.30% <62% 60%<= 61/60%
4/9/2010 4140.00
4/26/2010 4140.00
4/28/2010 4545.00
5/14/2010 5852.00
6/4/2010 4460.25
Kolkata 6/7/2010 3756.00
6/15/2010 3943.80
6/21/2010 4906.28
6/23/2010 4906.28 RAW MATERIALS (Iron Ore Exports)
6/25/2010 4788.90
6/28/2010 5023.65 4896.89
April'10 4860.00
Marmagao May'10 4313.91 4752.00 5500.00
June '10 4225.50
5/1/2010 5667.20
5/4/2010 6141.76
5/7/2010 4726.88
5/10/2010 3027.77
Vizag 5/12/2010 6285.18 3027.77
5/13/2010 6476.80
5/15/2010 5305.08
5/21/2010 6381.54
5/31/2010 6476.80

India Steel Market Watch 38 July 22, 2010


Fe Content 62% and above
Port Date 62.00% 62.05% 62.50% 63.00% 63.50% 63.5/62.5%
Kolkata 4/9/2010 4290 5031
4/16/2010 4275
4/22/2010 7335
4/26/2010 4410
5/4/2010 4312
5/11/2010 5808
5/14/2010 6727.6 6952
5/18/2010 4312
5/19/2010 4312
5/21/2010 4517.333333 6336
5/24/2010 6512
5/28/2010 4312 5016 5632
6/1/2010 5399.250026
6/2/2010 4601.1 5727.9
6/3/2010 4695
6/7/2010 5783.233929
6/8/2010 4671.525
6/10/2010 6518.303673
6/11/2010 6091.009915 6479.1 5874.853485
6/15/2010 5845.275 6807.75
6/16/2010 5352.3
6/17/2010 6065.704158
6/21/2010 5359.255556 5323.821099
6/22/2010 5751.375 6257.105579
Marmagao April'10 4749.750004 6097.5

Fe Content Not Available


Port Date Unit Price Port Date Unit Price
Kolkata 4/1/2010 5249.8125 5/21/2010 5838.8
4/5/2010 3847.714286 5/24/2010 5296.882777
4/6/2010 3297.857143 5/25/2010 3080
4/7/2010 3454.714286 5/28/2010 4570.133333
4/8/2010 3150 6/1/2010 3286.5
4/9/2010 4500 6/2/2010 5392.207491
4/12/2010 3510 6/3/2010 4589.101667
4/13/2010 4488.559322
6/8/2010 4319.400014
4/16/2010 6210
6/9/2010 5164.5
4/19/2010 3318.28125
6/15/2010 5375.775
4/22/2010 3981.818182
Kolkata Total 4547.236176
4/26/2010 7335
Marmagao April'10 3466.835915
4/28/2010 2700
RAW MATERIALS (Iron Ore Exports)
May'10 3236.96307
4/29/2010 5647.5
June '10 2143.276918
5/4/2010 4408.148148
Marmagao Total 3315.509562
5/5/2010 5622.076048
Vizag 5/4/2010 7007
5/6/2010 6096.93995
5/10/2010 6085.155282 5/10/2010 6719.68

5/11/2010 4808.571429 5/17/2010 2583.364916

5/12/2010 4808.571429 5/24/2010 6914.16


5/13/2010 4645.96 5/25/2010 6679.2
5/17/2010 6058.633668 5/31/2010 4655.2
5/19/2010 5889.916049 Vizag Total 5759.767486

India Steel Market Watch 39 July 22, 2010


Iron Ore Fines Export Price
20000
Fe Content Above 62%
18000

16000

5875
14000

5632
12000
INR per ton

10000 6952

6479

6808

6257
5324

6098
8000

6336

5728
5016
5031

6000

4000
7335

6728

6518
6512

6091

6066
5845
5808

5783

5751
5399

5352

5359

4750
4695

4672
4601
4517
4410
4290

4275

4312

4312

4312

4312

2000

0
4/9/2010 4/22/2010 5/4/2010 5/14/2010 5/19/2010 5/24/2010 6/1/2010 6/3/2010 6/8/2010 6/11/2010 6/16/2010 6/21/2010 April'10
Kolkata Marm agao

0.62 0.6205 0.625 0.63 0.635 63.5/62.5%

Iron ore export from Kolkata


8000 (Fe content: Not available)

7000

6000

5000

4000

RAW MATERIALS (Iron Ore Exports)


3000

2000

1000

0
(blank) (blank) (blank) (blank) (blank) (blank) (blank) (blank) (blank) (blank) (blank)
4/1/2010 4/7/2010 4/12/2010 4/19/2010 4/28/2010 5/5/2010 5/11/2010 5/17/2010 5/24/2010 6/1/2010 6/8/2010
Kolkata

India Steel Market Watch 40 July 22, 2010


Scrap market enters a F errous scrap prices became stable in the third week of July as Turkish steel
mills finished restocking their scrap yards that had jacked up prices since
quiet phase after June late June. Demand from other scrap importers, including China and India, too
remained weak amid a general slowdown in the steel sector.
uptrend According to market sources, Turkish mills have booked around 1.5 million
ISMW tons of scrap since June and are not expected to go shopping till the middle of
August. Turkey’s retreat has brought a lull in the market and resulted in prices
remaining at about the same level over the previous week. Although Indian
importers who had earlier adopted a wait and watch policy started buying at
slightly higher levels, the order bookings are quite modest in terms of volumes.
As per latest information, EU export HMS 1&2 (80:20) Rotterdam is quoted
at $313-317 per ton fob while US export HMS 1&2 (80:20) east coast stands at
$305-312 per ton fob. In line with the trend elsewhere, Japanese ferrous scrap
prices have continued to decline and fallen below ¥28,000 ($319) per ton for
the first time since mid-February. In Italy, ferrous scrap prices and volumes
have dipped in the week ended July 23 as mills remained cautious ahead of
the six-week summer break. In the domestic market, shredded material (E40)
was sold at €280-290 this week, slightly lower than €285-290 per ton quoted a
week ago. In the UK, ferrous scrap merchants offered a £10-15 ($15-23) per ton
discount on material shipped to local steelworks in July.
Earlier, after witnessing a downtrend in May, ferrous scrap prices staged a
modest recovery in late June and early July, as the market welcomed renewed
buying interest from Turkish and Indian importers. The recovery, however, was
best seen as a short-term phenomenon which was unlikely to sustain over the
coming weeks, traders said. In view of the withdrawal of buying support from
Turkey and subdued demand for finished steel world over, the ferrous scrap
market is likely to witness a weak demand condition in the weeks ahead and
may not see an uptrend until mid-August.

Indian scrap import I ndian scrap import quotations continued its downtrend with prices being
quoted at around $370/ton in the current week, industry and trade sources
prices remain bearish told ISMW. The Euro Zone crisis weakened sentiments resulting in fall in finished
steel prices. This has resulted in many steel mills slowing scrap imports this
ISMW
year as the market outlook remained uncertain.
Price of shredded scrap in containers quoted at $370/ton CFR, sources
said. Prices have already decreased from April-end levels of $400/ton and

Scrap importers await B ulk scrap offer prices from the US, UK and Australia have fallen to $380-
$395 per ton cfr East Asia, according to mills and trading sources.
further price drop in Offers for bulk shredded scrap and 80:20 HMS 1&2 are prevailing at $380
per ton cfr China and $390-$395 per ton cfr Vietnam, respectively.
E. Asia However, the market remained quiet with many regional mills still unwilling
ISMW to make bookings. With falling prices, regional mills will book scrap imports in
RAW MATERIALS (Scrap)

smaller quantities and use larger quantities of domestic scrap. Domestic scrap
is lower-priced since home scrap collection has increased, sources said.
The approaching monsoon season in Asia and the Islamic fasting month are
both expected to dampen steel demand. Offer prices for containerised 80:20
scrap from the Middle East and West Africa have dipped by around $10 per ton
this week to $350-$360 per ton cfr. Those from the US and EU are offered at
$370-$375 per ton cfr.

India Steel Market Watch 41 July 22, 2010


Import Data of Different Category of
Steel Scraps In June 2010
COUNTRY OF UNIT PRICE QUANTITY
ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
23808.22 104.63
ASMS CHENNAI June ‘10 UAE
23808.23 109.15
GERMANY 17244.68 153.38
12706.77 55.80
13151.21 91.94
13531.98 55.99
CI BORING SCRAP CHENNAI June ‘10 15126.82 111.44
MALAYSIA
15320.13 56.53
15947.69 111.61
17447.68 170.95
17594.15 108.43
AUSTRALIA 12651.25 22.52
17860.50 0.06
GERMANY
MS BORINGS CHENNAI June ‘10 17860.57 531.40
13614.73 100.62
PHILIPPINES
14508.89 144.01
16564.55 454.68
BRAZIL
17652.11 243.54
14411.85 497.10
STEEL BORINGS SCRAP CHENNAI June ‘10
17652.11 64.96
SOUTH AFRICA
19099.12 244.99
19099.12 67.35
AUSTRALIA 21992.92 254.62
BELGIUM 18819.83 1029.80
12977.94 42.33
GERMANY 13062.45 21.46
13241.45 40.22
12565.25 80.59
12565.41 25.00
MALAYSIA
BSS CHENNAI June ‘10 12565.41 24.02
23886.36 23.00
11923.39 51.03
12519.50 0.04
12701.33 1.00
SINGAPORE
12701.33 25.50
12707.72 40.21
12840.57 20.50
20636.54 227.73
20636.55 257.75
BSS (CRNO) CHENNAI June ‘10 SOUTH KOREA 20649.45 3.22
21992.21 162.37
22021.62 1.51
12565.94 70.49
12566.31 55.71
BSS (MS) CHENNAI June ‘10 MALAYSIA 12566.32 55.39
14661.66 20.99
14662.00 0.01

India Steel Market Watch 42 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
13439.83 0.06
BSS (MS) CHENNAI June ‘10 SINGAPORE 13439.85 77.70
14904.89 22.77
CANADA 20770.68 234.00
NEW ZEALAND 18364.83 27.12
CI SCRAP CHENNAI June ‘10
UK 18080.01 238.85
USA 12958.11 98.82
GRANULATED PIG IRON CHENNAI June ‘10 TAIWAN 12462.67 192.29
ANGOLA 15932.34 27.75
AUSTRALIA 17105.27 131.88
14672.22 16.20
BAHAMAS
14672.99 45.20
BAHRAIN 13773.62 307.94
BRAZIL 20781.25 78.44
17141.92 163.67
CANADA
19811.16 211.06
16325.60 0.05
16325.64 49.50
CYPRUS
18606.47 56.91
18606.47 59.64
DENMARK 16283.31 211.71
ECUADOR 19500.07 54.42
ESTONIA 18224.86 506.05
GEORGIA 17992.70 56.45
16616.55 268.40
GERMANY 16616.55 141.29
21096.24 101.34
GHANA 21634.45 268.90
HMS CHENNAI June ‘10
GUATEMALA 19331.40 39.24
14905.13 83.91
GUYANA
14905.63 190.16
14661.80 100.94
HONG KONG
19054.37 252.76
17881.54 3.00
INDONESIA
17881.55 123.39
19725.12 417.76
IVORY COAST 20547.76 698.60
20547.77 161.29
16540.91 72.06
KUWAIT
16926.75 21.79
LATVIA 17655.78 23.56
MADAGASCAR 15639.10 40.00
12840.57 82.33
13097.33 0.03
MALAYSIA
13097.38 56.20
13530.96 66.53
MALDIVES 13684.22 17.30
MAURITANIA 19192.11 231.16

India Steel Market Watch 43 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
MAURITIUS 13540.70 53.41
18848.12 182.04
MOROCCO 20086.47 493.54
20086.47 315.26
12840.57 100.49
MOZAMBIQUE
12840.57 142.55
17926.06 290.83
19331.40 47.66
NEW ZEALAND
19331.40 112.16
19331.40 113.72
14106.35 0.57
14106.35 321.00
NORWAY
19089.76 53.60
19241.67 157.60
16198.51 3.00
PUERTO RICO
16198.51 141.40
12951.67 171.98
REUNION
13806.71 105.34
14510.67 25.00
SENEGAL 17027.07 29.00
17027.14 0.07
19338.82 199.02
SIERRA LEONE
19338.82 266.37
HMS CHENNAI June ‘10 16933.23 29.66
17002.01 21.05
17002.01 19.54
SINGAPORE
17002.01 21.72
17172.53 62.90
20422.09 326.83
15939.38 335.31
16975.04 63.92
17197.19 721.87
17746.23 54.70
17892.98 330.12
20345.94 168.71
20346.30 168.70
20437.69 155.50
SOUTH AFRICA 20439.71 75.08
20457.45 302.90
20457.50 0.06
20497.48 130.88
20604.27 165.00
20986.70 803.78
20986.70 98.03
23206.10 3.00
23206.10 428.88
SRI LANKA 14661.66 55.69

India Steel Market Watch 44 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)

TRINIDAD & 16372.19 84.37


TOBAGO 16699.63 75.23
12840.57 144.27
12840.57 56.58
13531.98 103.03
13684.21 167.35
13684.21 93.54
13684.21 111.08
13928.58 376.77
15204.00 0.01
15204.14 44.51
15204.14 65.29
15932.34 40.69
16443.36 129.87
UAE 17105.27 111.91
17169.99 56.04
18343.67 46.61
18389.00 193.95
18710.54 116.94
18710.54 93.45
19355.53 504.65
19693.91 143.18
20012.83 282.09
HMS CHENNAI June ‘10 20178.04 229.79
21457.85 390.42
21503.77 22.21
21503.77 42.36
13684.21 264.48
15491.89 214.62
15495.31 192.86
15497.11 184.38
16325.64 79.50
UK 18614.44 49.72
19719.45 258.80
19719.45 257.18
21503.77 948.66
21503.77 205.15
21747.76 176.45
13190.83 81.13
13684.07 97.22
13684.21 20.83
14661.66 99.00
USA 15714.97 69.52
16646.88 225.00
16646.88 479.78
16646.88 254.78
17102.40 23.89

India Steel Market Watch 45 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
17105.48 82.50
17106.23 17.85
17141.92 333.56
17240.92 211.36
17682.21 191.08
17740.61 17.01
17740.61 110.10
18049.39 188.35
18066.28 83.56
18268.17 22.70
18344.10 214.06
18583.75 0.04
18605.82 114.66
18606.47 247.54
18732.13 107.27
18732.13 3.00
18743.75 101.15
18744.49 3.00
18787.86 0.07
18871.28 37.76
19037.98 86.85
19060.16 97.40
19060.16 84.90
19086.38 28.29
HMS CHENNAI June ‘10 USA 19380.27 130.23
19548.88 132.20
19815.33 105.04
19939.86 40.40
19939.86 117.92
19939.86 73.07
19940.37 22.15
20178.43 206.72
20189.00 0.01
20193.80 21.50
20429.55 21.01
20438.35 289.00
20438.35 535.76
20936.85 34.12
21501.28 43.19
21504.18 104.28
21761.71 74.60
21762.29 22.29
21762.32 35.40
21762.87 220.45
21763.51 169.60
21763.57 94.17
21763.73 120.84
23412.02 67.77
23412.50 217.08

India Steel Market Watch 46 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
18082.71 90.88
18082.71 105.14
18082.71 187.16
6/4/2010 UAE
18082.71 92.63
18082.71 87.49
19548.88 269.02
6/7/2010 CANADA 21807.48 119.91
6/8/2010 UAE 18082.71 99.17
18263.54 118.35
HMS COCHIN 6/9/2010 UAE
19548.88 109.76
17905.66 98.20
6/10/2010 UAE 17905.68 100.94
18263.54 274.16
12218.05 89.40
6/14/2010 UAE
15394.74 105.77
17988.79 265.11
6/15/2010 UAE
18263.54 176.62
6/16/2010 UAE 19548.88 208.61
HMS (1X20 FCL:STC) COCHIN 6/7/2010 NETHERLANDS 17990.98 27.34
HMS (4X20’ FCL:STC) COCHIN 6/8/2010 UAE 18082.71 104.76
MOROCCO 19225.08 46.00
HMS (CI) CHENNAI June ‘10
UAE 20488.20 48.95
HMS (END CUTTINGS) (PIC NO 0008/U/D/106256/J DT 04.05.10) PCC NO UNITED ARAB
KANDLA 6/2/2010 15154.29 384.13
GPCB/HAZ/R/KUTCH-37/48019/2010 DT 01.04.10 EMIRATES
HMS (FOUNDRY GRADE MATERIAL) COCHIN 6/1/2010 UAE 20792.61 100.44
UNITED ARAB
HMS (PIC 0008/U/D/108854/J DT 04.06.10) KANDLA 6/23/2010 17349.63 281.44
EMIRATES
HMS (PIC NO 0008/U/D/101866/J DT02.03.10)PCC NO FT-NOC-194/14337 DT
KANDLA 6/3/2010 BENIN 18327.07 44.32
01.06.05)
HMS (PIC NO 0008/U/D/102146/J DT 07.03.10)PCC NO RPCB/ROJPR(S)/
KANDLA 6/3/2010 ANGOLA 16201.13 19.93
JHO/180/1709 DT 16.09.10)
UNITED ARAB
HMS (PIC NO 0008/U/D/108855/J DT 04.06.10) KANDLA 6/23/2010 17349.63 319.27
EMIRATES
HMS (PIC NO 23290 DT 26.04.10) KANDLA 6/11/2010 SOUTH AFRICA 17209.29 313.34
HMS (PIC NO GN IN 032010-37767 DT 20.03.10) KANDLA 6/1/2010 GUINEA 18239.18 146.86
HMS (PIC NO. CG-IN 050110-39013DT:01.05.10)[GPCB REG.NO.PC/CCA-
KANDLA 6/30/2010 CONGO 20687.60 121.24
KUTCH-450/7314 DT:12.03.07]
HMS (PIC NO. GCFE/SM0333/2010 DT:03.03.10) [GPCB REG.
KANDLA 6/7/2010 SENEGAL 16550.08 79.17
NO.FT-208/186425 DT:06.06.2005]
HMS (PIC NO.000003/U/A/M/100027/F/2 DT.29.03.10) PCC NO. GPCB/HAZ/R/
KANDLA 6/14/2010 PUERTO RICO 18082.71 95.01
KUTCH-28/4708
HMS (PIC NO.000005/U/A/M/100015/B/2 DT. 17.05.2010) PCC NO.RPCB/
KANDLA 6/28/2010 KUWAIT 18082.71 131.29
ROJPR(S)/JHO/1709 DT.16.09.08
HMS (PIC NO.0008/U/D/101867/J DT.02.03.2010) PCC NO. FT-NOC-194/14337
KANDLA 6/8/2010 BENIN 18327.07 54.05
DT.01.06.05
HMS (PIC NO.0008/U/D/101868/J DT.02.03.2010) PCC NO. FT-NOC-194/14337
KANDLA 6/8/2010 BENIN 18327.07 54.94
DT.01.06.05
HMS (PIC NO.0008/U/D/101869/J DT.02.03.2010) PCC NO. FT-NOC-194/14337
KANDLA 6/8/2010 BENIN 18327.07 34.86
DT.01.06.05
HMS (PIC NO.0008/U/D/102297/J DT.10.03.2010) PCC NO. FT-NOC-194/14337
KANDLA 6/15/2010 BENIN 18327.07 35.34
DT.01.06.05
HMS (PIC NO.0008/U/D/102298/J DT.10.03.2010) PCC NO. FT-NOC-194/14337
KANDLA 6/15/2010 BENIN 18327.07 55.69
DT.01.06.05

India Steel Market Watch 47 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
HMS (PIC NO.0008/U/D/102299/J DT.10.03.2010) PCC NO. FT-NOC-194/14337
KANDLA 6/15/2010 BENIN 18327.07 55.23
DT.01.06.05
HMS (PIC NO.0008/U/D/105061/J DT.18.04.2010) PCC NO.RPCB/ROJPR(S)/
KANDLA 6/15/2010 GHANA 18042.00 88.90
JHO/180/1709 DT. 16.09.2008
HMS (PIC NO.0008/U/D/109072/J DT:07.06.10)[GPCB REGD.NO.GPCB/HAZ-R- UNITED ARAB
KANDLA 6/17/2010 14661.66 217.72
KUTCH-04/45129 DT:25.02.10 EMIRATES
HMS (PIC NO.0008/U/D/109153/J DT.08.06.10) PCC NO. FT-NOC-194/14337 UNITED ARAB
KANDLA 6/23/2010 13684.21 42.23
DT.01.06 EMIRATES
HMS (PIC NO.0008/U/D/109296/J DT.10.06.2010) PCC NO.GPCB/HAZ/R/RJ- UNITED ARAB
KANDLA 6/30/2010 13684.21 17.50
01/45134/2010 DT.25.02.2010 EMIRATES
HMS (PIC NO.0008/U/D/109937/J DT.19.06.2010) PCC NO.GPCB/HAZ/R/ UNITED ARAB
KANDLA 6/29/2010 14661.66 213.14
KUTCH-15/45249/2010 DT.26.02.2010 EMIRATES
HMS (PIC NO.0008/U/D/109944/J DT.19.06.2010) PCC NO.GPCB/HAZ/R/ UNITED ARAB
KANDLA 6/29/2010 14661.66 222.00
KUTCH-15/45249/2010 DT.26.02.2010 EMIRATES
HMS (PIC NO.GN-IN 041010-37071 DT.10.04.2010) PCC NO.FT-
KANDLA 6/21/2010 GUINEA 18095.42 74.61
NOC-194/14337 DT.01.06.2005
HMS (PIC NO.PR-IN 040110-37946 DT.01.04.2010) PCC NO.GPCB/HAZ/R/
KANDLA 6/14/2010 PUERTO RICO 18082.71 126.21
KUTCH-21/45963/201
HMS (PIC. NO. ID62/09 DT. 26.06.09) (RPCB CRT. 183(1)/2009-2010/5867-
KANDLA 6/30/2010 UNITED STATES 18155.76 1000.00
5869)
UNITED ARAB
HMS (PSIC NO 0008/U/D/109793/J DT 17.06.10) KANDLA 6/29/2010 17105.27 399.93
EMIRATES
HMS (PSIC NO. PO-IN 033110-35864 DT. 31.03.2010) KANDLA 6/3/2010 POLAND 18364.83 46.84
17105.27 44.78
AUSTRALIA
17105.27 126.38
FINLAND 18848.12 534.50
MOZAMBIQUE 12840.57 104.78
17747.35 78.94
21689.83 20.37
SOUTH AFRICA 21689.83 92.08
21689.83 95.87
22676.26 172.91
19185.99 224.16
19186.41 93.34
UAE
HMS 1 CHENNAI June ‘10 22907.71 238.06
22907.71 212.98
UK 19719.45 409.70
13529.14 19.06
13529.49 21.71
13530.04 20.92
13530.37 16.79
USA 13530.45 17.67
13531.98 17.74
13532.65 20.18
13534.41 22.26
13918.61 18.33
DENMARK 25672.56 197.40
21406.02 28.24
HMS 1 & RE-ROLLABLE SCRAP CHENNAI June ‘10 GERMANY 21406.02 254.10
21406.02 254.04
NETHERLANDS 25672.56 310.78

India Steel Market Watch 48 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
HMS 1 (PSIC NO GC/SCRAP/INSP/15276/09 DT 09.06.10) KANDLA 6/25/2010 BAHRAIN 16914.97 100.92
16198.35 62.68
AUSTRALIA
16198.35 3.00
BELGIUM 15948.40 105.22
CHILE 13616.97 60.00
COSTA RICA 13203.20 146.03
ESTONIA 19041.22 450.19
18343.63 0.08
18343.67 274.70
GHANA 19719.45 607.86
19921.90 70.43
21015.04 49.46
16958.65 90.40
17351.71 41.74
20986.70 412.80
GUINEA
20986.71 0.07
23800.76 38.00
25438.00 0.01
16128.87 77.03
16190.33 1.29
16614.03 13.19
GUINEA-BISSAU 16616.99 74.25
18327.00 0.01
18327.07 73.01
HMS 1&2 CHENNAI June ‘10 18815.80 17.05
13683.94 249.43
IVORY COAST
13684.21 215.43
KUWAIT 19988.70 110.23
13541.22 122.47
13683.81 170.09
13684.21 200.23
13684.21 117.00
MADAGASCAR 13757.75 248.60
14172.94 27.30
14172.94 155.00
14172.94 276.12
15150.38 316.01
MALAYSIA 13684.21 102.26
13684.00 0.01
13684.17 0.06
13684.21 33.30
13684.21 23.10
16699.63 152.84
MAURITIUS
16700.00 0.01
18669.53 3.88
18691.51 44.45
18693.60 0.10
18693.61 66.21

India Steel Market Watch 49 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
12840.57 104.01
12840.57 104.94
13684.21 220.78
MOZAMBIQUE 17371.00 0.01
17371.13 52.30
17794.32 362.40
18669.18 136.78
18327.00 0.01
SENEGAL 18327.07 18.68
18815.80 197.44
19996.46 118.32
SIERRA LEONE
19997.39 78.52
13540.12 121.86
13540.37 224.75
SINGAPORE
17197.09 82.81
17413.62 44.64
14661.66 82.38
21207.27 307.93
SOUTH AFRICA 21207.27 3.00
21207.96 198.03
HMS 1&2 CHENNAI June ‘10
21207.96 3.00
21443.36 190.18
SUDAN
21443.36 13.22
TOGO 19719.45 337.58
18703.13 616.94
18703.13 190.66
18703.13 207.25
UAE
18703.13 225.84
21041.94 175.40
22424.42 107.99
16914.97 90.24
UK 16914.98 3.00
24357.56 250.10
13188.60 24.74
13190.65 154.08
16050.13 82.53
USA 19171.20 2.16
19206.45 179.61
19207.00 256.45
19207.00 0.01
NEW ZEALAND 18861.41 361.45
HMS 1&2 (80:20) CHENNAI June ‘10 13540.67 177.86
SINGAPORE
13540.68 130.31
UNITED ARAB
HMS 1&2 (80:20) (PIC NO 0008/U/D/107117/J DT 14.05.10) KANDLA 6/3/2010 17639.90 22.81
EMIRATES
HMS 1&2 (80:20) (PIC. NO. 10-60411-0034 DT.15.02.10)(GPCB CRT NO.PC/
KANDLA 6/16/2010 UNITED STATES 18978.60 500.00
CCA-KUTCH-265(3)/26586)
15639.10 20.87
HMS 1&2 AND BALED LMS CHENNAI June ‘10 CYPRUS
15639.10 35.00

India Steel Market Watch 50 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
HMS 1&2 PSIC NO US 1848 DT 12.04.2010 GPCB/HAZ-R-ABD-74/45048/2010
KANDLA 6/2/2010 TOGO 14510.90 125.53
DT 25.02.2010
HMS 1&2 PSIC NO.US 001700 DT.02.04.2010 GPCB/HAZ-R-
KANDLA 6/4/2010 TOGO 14510.89 15.77
ABD-74/45048/2010 DT.25.02.2010
HMS 1&2 PSIC NO.US 1847 DT.26.04.2010 GPCB/HAZ-R-ABD-74/45048/2010
KANDLA 6/22/2010 GHANA 14511.09 281.32
DT.25.02.2010
HMS 1&2 PSIC NO.US 1848 DT.12.04.2010 GPCB/HAZ-R-ABD-74/45048/2010
KANDLA 6/4/2010 TOGO 14510.90 14.90
DT.25.02.2010
HMS 1&2 PSIC NO.US 1849 DT.18.04.2010 GPCB/HAZ-R-ABD-74/45048/2010
KANDLA 6/22/2010 TOGO 14511.09 78.84
DT.25.02.2010
HMS 1&2 PSIC NO.US 1851 DT.12.04.2010 GPCB/HAZ-R-ABD-74/45048/2010
KANDLA 6/11/2010 GHANA 14510.21 47.93
DT.25.02.2010
HMS 1&2 PSIC US 001700 DT 02.04.2010 GPCB/HAZ-R-ABD-74/45048/2010
KANDLA 6/2/2010 TOGO 14510.89 140.10
DT 25.02.2010
16509.30 100.00
CHENNAI June ‘10 USA 16509.34 407.82
HMS AS PER ISRI 200-206
21454.89 98.24
MARMAGAO June ‘10 UK 17978.20 192.24
HMS AS PER ISRI 211 CHENNAI June ‘10 USA 20270.49 109.74
HMS BUNDLES CHENNAI June ‘10 SOUTH AFRICA 15929.25 53.48
HMS PSIC NO. 1889 DT. 29.05.2010(GPCB/HAZ-R-SRT-2/45934/2010 UNITED ARAB
KANDLA 6/10/2010 12951.13 12.50
DT.09.03.2010) EMIRATES
HMS PSIC NO. US 1862 DT.17.05.2010 GPCB/HAZ/R/KUTCH-32/48211/2010
KANDLA 6/3/2010 OMAN 12960.91 88.59
DT:05.04.10
HMS PSIC NO.0008/U/D/104164/J DT.05.04.2010GPCB/HAZ/R/
KANDLA 6/7/2010 GEORGIA 14661.66 98.00
KUTCH-16/45253/2010 DT.26.02.2010
HMS PSIC NO.0008/U/D/105137/J DT.19.04.2010PPCB NO.8519 DT.22.02.10 KANDLA 6/17/2010 GEORGIA 14954.89 90.00
HMS PSIC NO.0008/U/D/105904/J DT.30.04.2010 . GPCB/HAZ/R/
KANDLA 6/29/2010 GEORGIA 14661.66 68.35
KUTCH-16/45253.DT.26.02.2010
HMS PSIC NO.0008/U/D/107490/J DT:.18.05.2010 -GPCB/HAZ/R/ UNITED ARAB
KANDLA 6/4/2010 16914.98 138.98
KUTCH-03/46146/2010 DT:11.0 EMIRATES
HMS PSIC NO.0008/U/D/107642/J DT.20.05.2010GPCB/HAZ/R/
KANDLA 6/30/2010 GEORGIA 14661.66 16.52
KUTCH-16/45253/2010 DT.26.02.2010
HMS PSIC NO.0008/U/D/109718/J DT.16.06.2010GPCB/HAZ/R/ UNITED ARAB
KANDLA 6/28/2010 14661.66 92.80
KUTCH-16/45253/2010 DT.26.02.2010 EMIRATES
HMS PSIC NO.0008/U/D/109952/J DT.19.06.2010GPCB/HAZ/R/ UNITED ARAB
KANDLA 6/30/2010 14661.66 25.68
KUTCH-16/45253/2010 DT.26.02.2010 EMIRATES
HMS PSIC NO.10/GCC/22742-DC DTD.05.04.2010,GPCB CERFT. NO.GPCB/
KANDLA 6/17/2010 PANAMA 13290.34 22.47
HAZ/R/KUTCH-22/46149/2010 DTD.11.03.2010
HMS PSIC NO.10/GCC/2582 DT.16.03.2010 GPCB/HAZ/R/
KANDLA 6/1/2010 PANAMA 13290.34 25.54
KUTCH-22/46149/2010 DT.11.03.2010
HMS PSIC NO.10/GCC/2802-BA DTD.13.04.2010, SPCB CERFT. NO.GPCB/
KANDLA 6/9/2010 BENIN 13290.34 21.19
HAZ/R/KUTCH-22/46149/2010 DTD.11.03.2010
HMS PSIC NO.US 1884 DT.29.05.2010 GPCB/HAZ/R/KUTCH-32/48211/2010 UNITED ARAB
KANDLA 6/9/2010 13063.19 98.22
DT.05.04.2010 EMIRATES
AUSTRALIA 14216.34 207.22
BAHRAIN 14498.55 263.24
11790.73 0.45
DENMARK
LMS CHENNAI June ‘10 11790.74 132.89
18009.04 1013.50
FINLAND 18485.65 3.00
18485.65 517.15

India Steel Market Watch 51 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
11790.74 55.11
11790.74 0.50
GERMANY
15872.15 20.16
19719.45 50.10
11923.38 0.40
GREECE
11923.39 124.49
GUATEMALA 19225.34 144.71
11921.85 23.32
MALAYSIA 13307.75 27.73
13309.67 28.12
13069.87 719.14
NETHERLANDS
13069.88 0.40
12706.77 235.74
SENEGAL 12706.77 176.53
LMS CHENNAI June ‘10
12706.77 133.74
SINGAPORE 12706.77 60.12
19060.16 110.87
19060.16 55.57
SOUTH AFRICA
19060.16 27.61
19304.52 54.10
12645.29 0.62
THAILAND
12706.87 124.22
12960.91 120.45
UK
12961.00 0.01
11797.95 168.08
12573.22 112.14
USA
12573.58 106.61
12573.74 113.50
LMS BUNDLES (PIC NO.0008/U/D/108779/J DT.03.06.2010) PCC UNITED ARAB
KANDLA 6/15/2010 15453.39 48.60
NO.FT-131/16068 DT. 25.05.2004 EMIRATES
LMS BUNDLES (PRESSED) (PIC NO.0008/U/D/109428/J DT.12.06.2010) UNITED ARAB
KANDLA 6/25/2010 17105.27 49.00
GPCB/HAZ/R/RJ-06/46419 DT.15.03.2010 EMIRATES
AUSTRALIA 19451.13 398.69
MADAGASCAR 18571.86 43.61
15394.74 55.41
15394.74 21.10
LMS BUNDLES CHENNAI June ‘10 MOROCCO
16050.71 63.19
16050.71 99.47
SOUTH AFRICA 19548.88 26.56
USA 21503.77 250.86
LMS BUNDLES ( PSIC NO.0008/U/D/108364/L / DT. CHENNAI June ‘10 KUWAIT 13684.21 26.06
LMS BUNDLES (PSIC NO.US 001693 DT.23.03.2010 GPCB/HAZ-R-
KANDLA 6/1/2010 GUINEA 14510.90 119.84
ABD-74/45048/2010 DT.25.02.2010)
LMS BUNDLES (STEEL CAN) CHENNAI June ‘10 UAE 14906.02 72.76

TRINIDAD & 15032.93 224.95


TOBAGO 15039.28 9.88
METAL SCRAP CHENNAI June ‘10 17731.46 53.92
UK 17731.46 108.20
17731.46 822.32

India Steel Market Watch 52 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
MIXED ALUMINIUM AUTO CAST SCRAP (TENSE) WITH 20% FE ATTACHMEN CHENNAI June ‘10 AUSTRALIA 62882.74 16.14
MIXED ALUMINIUM AUTO CAST SCRAP (TENSE) WITH 30% FE ATTACHMEN CHENNAI June ‘10 AUSTRALIA 71078.78 42.53
MIXED ALUMINIUM CAST SCRAP (TENSE) WITH 50% FE ATTACHMENT CHENNAI June ‘10 USA 42440.91 63.38
MIXED ALUMINIUM CAST SCRAP (TENSE) WITH 50% FE ATTACHMENT CHENNAI June ‘10 USA 42689.87 25.48
MIXED ALUMINIUM CAST SCRAP (TENSE)WITH 50% FE ATTACHMENT CHENNAI June ‘10 USA 40858.76 48.34
CHENNAI June ‘10 UK 40597.02 25.66
MIXED ALUMINIUM CAST SCRAP [TENSE] WITH 50% FE ATTACHMENT
USA 45305.40 25.05
MIXED ALUMINIUM CAST SCRAP(TENSE) WITH 50% FE ATTACHMENT CHENNAI June ‘10 USA 42322.93 18.62
MIXED AUTO CAST ALUMINIUM SCRAP (TENSE) 50% FE ATTACHMENT CHENNAI June ‘10 USA 46230.84 41.04
MIXED AUTO CAST ALUMINIUM SCRAP [TENSE] 50% FE ATTACHMENT CHENNAI June ‘10 CANADA 44576.36 47.00
CANADA 42443.47 51.33
MIXED AUTOCAST ALUMINIUM SCRAP (TENSE) 50% FE ATTACHMENT CHENNAI June ‘10 40357.67 26.11
USA
44007.77 121.20
MIXED CAST ALUMINIUM SCRAP RECOVERY 70% (TENSE) 30% FE ATTACH CHENNAI June ‘10 NEW ZEALAND 58030.12 21.54
MIXED CLEAN ALUMINIUM AUTO CAST SCRAP WITH 20% FE ATTACHMEN CHENNAI June ‘10 AUSTRALIA 67412.99 43.73
13684.21 39.88
AUSTRALIA 15150.38 137.14
16352.63 200.75
MS TURNINGS (SCRAP) CHENNAI June ‘10 CANADA 17593.99 18.41
MALAYSIA 14032.91 105.04
17105.27 254.26
NETHERLANDS
17105.27 258.13
21535.28 17.25
MSS CHENNAI June ‘10 USA 22958.91 37.58
24432.44 20.07
18978.60 320.48
BAHRAIN
18978.60 3.00
BELGIUM 19730.20 377.61
CANADA 18571.43 97.54
18571.43 4.68
OMAN
18571.43 58.57
17426.49 26.76
RUSSIA
19548.88 83.33
18559.05 273.48
SINGAPORE
23158.98 231.36
SWEDEN 18139.60 267.91
RE-ROLLABLE SCRAP CHENNAI June ‘10
TRINIDAD & 18364.83 80.20
TOBAGO 18364.86 0.07
17426.49 56.58
18571.43 121.66
18571.43 120.76
18571.43 99.30
UAE
18571.43 100.29
18571.43 73.26
18571.43 103.00
18571.43 99.36
UK 17426.49 27.14

India Steel Market Watch 53 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
18571.54 149.73
RE-ROLLABLE SCRAP CHENNAI June ‘10 USA
20780.30 65.34
BELGIUM 19548.88 491.65
DENMARK 19381.68 163.94
18571.40 0.10
GEORGIA
18571.43 110.10
17426.00 0.01
17426.49 61.60
17426.49 27.50
17426.50 0.10
SINGAPORE
18801.98 334.49
19736.71 27.84
22969.93 25.00
23159.51 111.15
SOUTH AFRICA 18551.81 28.04
17426.49 26.10
RE-ROLLABLE SCRAP (MS) CHENNAI June ‘10
17426.50 0.08
19342.26 56.36
UK
19360.59 279.13
19404.22 110.55
19548.88 101.78
18343.46 173.23
18343.67 21.51
19547.71 67.12
19548.21 58.39
USA 19548.68 99.32
19548.71 117.97
19548.88 99.41
19549.00 0.03
19549.18 130.48
SCRAPPED COMBO ENGINE SCRAP FOR MELTING(AL RECOVERY 18%) CHENNAI June ‘10 USA 29796.95 24.57
SCRAPPED ENGINE COMBO SCRAP FOR MELTING (18% ALUMINIUM
CHENNAI June ‘10 UK 29366.32 25.79
RECOVE
SCRAPPED ENGINE COMBO SCRAP FOR MELTING (25% ALUMINIUM
CHENNAI June ‘10 USA 31977.76 24.19
RECOVE
SCRAPPED ENGINE COMBO SCRAP FOR MELTING (AL RECOVERY 18%) CHENNAI June ‘10 UK 33221.76 44.07
SCRAPPED ENGINE COMBO SCRAP FOR MELTING [AL RECOVERY 18%] CHENNAI June ‘10 UK 30518.26 66.04
SILICON STEEL SCRAP CHENNAI June ‘10 SOUTH AFRICA 18375.69 10.70
14807.00 0.01
GEORGIA
14807.01 42.17
RUSSIA 17984.97 56.12
SINGAPORE 24647.35 133.74
18055.24 54.87
SMS CHENNAI June ‘10 SOUTH AFRICA
19060.16 384.57
UAE 23415.16 374.33
16581.69 100.00
UK 17302.55 500.00
17302.55 169.60

India Steel Market Watch 54 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
17731.46 492.54
17731.46 54.16
UK
SMS CHENNAI June ‘10 17958.20 274.48
18126.37 509.62
USA 17107.40 16.08
20781.25 270.50
STEEL SCRAP CHENNAI June ‘10 RUSSIA
20781.50 0.02
22881.37 293.12
STEEL SCRAP AS PER ISRI 200-206 CHENNAI June ‘10 USA
22883.15 21.09
DENMARK 21506.18 1008.18
15592.12 209.42
15592.12 184.50
FRANCE
17345.80 479.20
17345.80 300.00
23206.58 554.87
HONG KONG
23206.66 554.87
14101.27 686.87
LATVIA
14101.38 542.13
17992.39 400.62
NETHERLANDS 17992.39 100.00
18228.82 1049.34
NORWAY 20210.98 272.00
17245.55 466.83
17245.55 548.16
RUSSIA
18547.60 657.23
18547.74 329.14
14125.21 238.10
SINGAPORE
21851.58 810.29
SSS CHENNAI June ‘10 18974.86 3.00
18974.86 357.50
SOUTH AFRICA
20220.89 3.00
20220.89 163.72
16924.73 133.00
16924.73 268.63
16924.73 399.49
16924.73 26.95
SWEDEN
20210.98 272.32
20556.04 389.81
20556.04 352.44
20959.10 392.54
17499.75 336.08
UAE
20359.95 151.46
13922.12 408.98
14101.38 489.54
14101.38 489.80
UK
14260.02 486.20
15002.01 1349.26
17059.61 460.42

India Steel Market Watch 55 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
17152.83 1052.98
17345.80 500.58
17609.92 164.52
17609.92 167.00
17609.92 162.32
17781.77 525.04
17781.77 457.04
17925.94 569.78
18086.09 411.68
18611.02 7000.00
18685.00 767.30
19728.48 403.52
UK 19994.55 218.20
19994.56 217.60
20304.56 282.42
20633.71 24.23
20664.03 2.23
20907.70 200.00
20907.70 468.26
21308.23 26.72
21748.13 54.68
23544.29 416.25
23544.29 528.69
23544.29 1059.94
SSS CHENNAI June ‘10
23544.29 112.44
13663.78 232.63
14029.08 385.02
14047.40 315.30
14098.94 240.82
14101.27 533.97
14101.38 633.15
14101.38 274.20
14146.36 157.08
16388.82 300.00
16646.88 733.42
16922.38 26.77
USA 17307.25 110.07
17323.32 529.00
17323.32 531.23
17323.32 559.20
17323.32 106.44
17351.42 79.73
17447.37 603.08
17450.56 330.13
18008.83 461.96
18583.64 425.06
18583.88 480.52
18767.25 264.11

India Steel Market Watch 56 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
18802.26 22.75
19031.56 687.70
19031.56 23.40
19548.92 512.27
19901.61 1202.80
19999.49 308.13
20063.39 225.00
20063.39 368.95
20063.39 143.95
CHENNAI June ‘10 USA
20281.96 195.12
20354.04 123.44
20354.70 122.57
20367.13 102.18
20428.58 1102.00
20781.25 250.12
SSS
20781.26 249.80
20868.43 110.20
21381.59 48.23
SWEDEN 19312.21 477.09
6/3/2010 UK 19162.25 1000.00
USA 21965.61 492.43
21137.22 464.40
6/7/2010 USA
21718.80 220.09
COCHIN
6/10/2010 UK 19353.87 1000.00
20208.65 243.00
UK
6/14/2010 20208.65 247.88
USA 21137.22 49.21
6/21/2010 USA 18263.54 407.16
19578.22 271.82
MARMAGAO June ‘10 UK
19578.22 267.70
SSS (10X20’ FCL STC) COCHIN 6/4/2010 FRANCE 17892.65 254.10
SSS (9X20’ FCL STC) COCHIN 6/1/2010 UK 23057.90 243.01
SSS (9X20’ FCL:STC) COCHIN 6/23/2010 UK 22801.39 246.56
SSS (PIC. NO. 10-60411-0034 DT. 15.02.10)(GPCB CRT NO.PC/CCA-
KANDLA 6/16/2010 USA 19422.26 399.90
KUTCH-265(3)/26586
SSS 210-211 AS PER ISRI (PIC. NO. FR-IN 042210-37729 DT 22.04.2010)
KANDLA 6/22/2010 FRANCE 21689.83 129.27
(PPCB CRT NO CMC/EE-L/2008/79/13329)
SSS 210-211 AS PER ISRI (PIC. NO. HU-IN 032310-37245 DT. 23.03.10)(PPCB
KANDLA 6/3/2010 SLOVENIA 18978.60 50.54
CRT NO.CMC/EE-L/2008/79/13829)
SSS 210-211 AS PER ISRI (PIC. NO. HU-IN- 032410-37254 DT. 24.03.2010)
KANDLA 6/1/2010 HUNGARY 18978.60 387.74
(PPCB CRT. NO.CMC/EE-L/2008/79/1382
SSS 210-211 AS PER ISRI (PIC. NO.HU-IN 032310-36454 DT. 23.03.10)(PPCB
KANDLA 6/1/2010 HUNGARY 18978.60 337.31
CRT NO.CMC/EE-L/2008/79/13829)
SSS 210-211 AS PER ISRI (PIC. NO.HU-IN 032610-37253 DT.26.03.10)(PPCB
KANDLA 6/3/2010 SLOVENIA 18978.60 50.98
CRT NO.CMC/EE-L/2008/79/13829)
SSS 210-211 AS PER ISRI (PSIC NO. FR-IN 042910-38280 DT. 29.04.2010) KANDLA 6/28/2010 FRANCE 21264.54 129.21
SSS 210-211 AS PER ISRI (PSIC NO. FR-IN 050610-38171 DT. 06.05.2010) KANDLA 6/22/2010 FRANCE 21264.54 146.94
SSS 210-211 AS PER ISRI (PSIC NO. FR-IN 050710-37759 DT. 07.05.2010) KANDLA 6/29/2010 FRANCE 21264.54 97.90
SSS 210-211 AS PER ISRI (PSIC NO. HU-IN 032510-36923 DT. 25.03.2010) KANDLA 6/3/2010 HUNGARY 18606.47 285.50
SSS 210-211 AS PER ISRI (PSIC NO. HU-IN 032510-37244 DT. 25.03.2010) KANDLA 6/3/2010 HUNGARY 18606.47 101.36

India Steel Market Watch 57 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
SSS 210-211 AS PER ISRI (PSIC NO. SI 35-10 DT. 04.05.2010) KANDLA 6/22/2010 FRANCE 21264.54 244.54
SSS 210-211 AS PER ISRI (PSIC NO. SI30/10 DT. 21.04.2010) KANDLA 6/18/2010 FRANCE 21264.54 25.66
SSS 210-211 AS PER ISRI (PSIC NO.SI33/10 21.04.2010) KANDLA 6/9/2010 FRANCE 21264.54 476.14
SSS 210-211 AS PER ISRI PSIC NO. SI34-10 DTD. 12.04.2010) KANDLA 6/18/2010 FRANCE 21264.54 494.94
6/1/2010 HUNGARY 18606.47 368.54
SSS 210-211 AS PER ISRI PSIC NO.HU-IN 03221036686 DTD. 22.03.2010 KANDLA
6/7/2010 HUNGARY 18606.47 26.44
SSS 210-211 AS PER ISRI PSIC NO.HU-IN 03261036424 DTD. 26.03.2010 KANDLA 6/7/2010 HUNGARY 18606.47 205.04
SSS 210-211 AS PER ISRI PSIC NO.SI 30-10 DTD. 09.04.2010 KANDLA 6/1/2010 FRANCE 21264.54 249.66
SSS AS PER ISRI 211 CHENNAI June ‘10 USA 20682.45 476.35
SSS ISRI 210/211/462.189 MTS (21X20’) CHENNAI June ‘10 USA 19526.80 462.19
SS SCRAP (201 GRADE) KANDLA 6/21/2010 BANGLADESH 35187.98 36.00
SS MS GRADE-202 (PSIC NO: 10/GCC/4172 DT:26.05.10) KANDLA 6/23/2010 SAUDI ARABIA 36729.66 21.69
17637.32 27.29
17638.60 27.03
STEEL SCRAP BUNDLES CHENNAI June ‘10 UK 17638.63 55.59
18123.00 0.01
18123.19 28.16
17203.00 0.06
BRAZIL
17203.01 246.70
STEEL TURNINGS SCRAP CHENNAI June ‘10 16195.18 196.48
SOUTH AFRICA 16198.05 126.88
16198.05 3.00
14954.89 52.60
CI T&B SCRAP CHENNAI June ‘10 MAURITIUS
14955.00 0.04
12951.13 21.50
AUSTRALIA 18571.43 258.03
18571.43 260.81
11790.74 138.20
12026.55 28.60
12026.60 0.10
12706.77 48.51
12706.77 45.94
12706.77 88.80
12840.57 28.46
12960.91 160.44
13194.55 56.23
MS T&B SCRAP CHENNAI June ‘10
13195.97 83.35
MALAYSIA 13539.05 3.25
13539.05 3.00
13539.05 86.66
13539.05 99.51
13684.21 90.98
13757.75 108.71
14058.19 119.78
14268.21 105.30
14268.53 50.59
14268.76 69.94
14294.27 54.91

India Steel Market Watch 58 July 22, 2010


Import Data of Different Category of Steel Scraps in June 2010, Contd...

COUNTRY OF UNIT PRICE QUANTITY


ITEM DESCRIPTION PORTS DATES
ORIGIN (Rs) (In Tons)
14661.66 109.34
14661.66 104.14
15714.71 124.85
MALAYSIA 15714.71 3.00
16207.86 224.15
17459.37 207.80
17459.38 0.08
MS T&B SCRAP CHENNAI June ‘10
NEW ZEALAND 14740.19 53.76
PHILIPPINES 20407.33 43.35
SINGAPORE 16119.95 128.34
SOUTH AFRICA 16198.05 493.30
19573.55 153.96
SRI LANKA 12706.77 18.80
14295.00 0.04
AUSTRALIA 14505.98 19.92
12161.85 147.29
MALAYSIA
14749.03 23.04
13290.00 0.01
13290.34 109.31
15234.01 257.18
15234.01 218.63
T&B SCRAP CHENNAI June ‘10 15717.83 138.02
SINGAPORE
15717.99 197.82
17245.33 135.20
18378.12 128.17
18378.12 133.71
18619.68 138.93
11923.39 49.50
SRI LANKA
11923.39 1.00
16616.55 151.57
NEW PRODUCTION TIN PLATE STEEL SCRAP IN BALES (LMS) CHENNAI June ‘10 AUSTRALIA
16616.55 151.69
TIN PLATE BUNDLES - MELTING SCRAP CHENNAI June ‘10 UK 20056.33 194.08
TIN PLATE BUNDLES CHENNAI June ‘10 NETHERLANDS 19814.69 109.50
TIN PLATE BUNDLES NO.2 CHENNAI June ‘10 UK 17639.90 251.63
20070.53 146.26
TIN PRESSED SCRAP BUNDLES CHENNAI June ‘10 AUSTRALIA
20795.64 45.43
TIN SHEET BUNDLES - MELTING SCRAP CHENNAI June ‘10 SINGAPORE 17290.71 105.79
TIN PRESSED SCRAP BUNDLES CHENNAI June ‘10 AUSTRALIA 20070.76 168.04
TURNING SCRAP CHENNAI June ‘10 SINGAPORE 18327.07 244.34
USED IRON MATERIAL FOR RE MELTING PSIC NO.0008/U/D/108104/J UNITED ARAB
KANDLA 6/14/2010 17253.27 24.80
DT.26.05.2010 PPCB NO.8158 19.02.2010 EMIRATES
USED IRON MATERIAL FOR RE MELTING PSIC NO.0008/U/D/108927/J UNITED ARAB
KANDLA 6/18/2010 17253.27 76.43
DT.05.06.2010 PPCB NO.EE(P)/2007/FGS/84/319 DT.09.01.2007 EMIRATES
18848.00 0.02
USED DISCARDED STEEL SCRAP ROLLS FOR MELTING PURPOSE CHENNAI June ‘10 SOUTH AFRICA
18848.11 22.80
TOTAL 143171.56
Note: HMS = HEAVY MELTING SCRAP, LMS = LIGHT MELTING SCRAP, SSS = SHREDDED STEEL SCRAP, MSS = MANGANESE STEEL SCRAP, ASMS =ALLOY STEEL MELTING
SCRAP, SMS = STEEL MELTING SCRAP, LMS = LIGHT METAL SCRAP, BSS = BUSHELING STEEL SCRAP, CI = CAST IRON, T&B = TURNINGS AND BORINGS.

India Steel Market Watch 59 July 22, 2010


Rs Per Ton

0
20000
40000
60000
80000
100000
120000
140000
Rs per ton

0
5000
10000
15000
20000
25000
30000
June '10 18029 19857 17453 17456 15314 23539 15639

CHENNAI
6/1/2010 20793
June '10 18524
6/4/2010 18327

CHENNAI
6/7/2010 19899 6/1/2010 23058

India Steel Market Watch


6/8/2010 18083

HMS
6/3/2010 20147
6/9/2010 18906

COCHIN
6/10/2010 18025
6/4/2010 17893
6/14/2010 13806

HMS (CI)
6/15/2010 18126 6/7/2010 21428
6/16/2010 19549

HMS 1
19354

COCHIN
6/10/2010
6/1/2010 15765

6/2/2010 15154 14511 6/14/2010 20518

SSS
6/3/2010 16463 17640

HMS 1&2
6/4/2010 16915 14511
6/21/2010 18264

6/7/2010 15606
6/23/2010 22801

60
6/8/2010 18327

6/9/2010 13177 6/1/2010 19457

HMS 1&2 (80:20)


6/10/2010 12951
6/3/2010 18793
6/11/2010 17209 14510

6/14/2010 18083 6/7/2010 18606


6/15/2010 18256

KANDLA

HMS 1 & RRS


SSS 210-221

6/16/2010 18979 6/9/2010 21265


6/17/2010 14302
6/16/2010 19422
6/21/2010 18095
KANDLA

6/22/2010 14511 6/18/2010 21265


6/23/2010 16128

HMS 1&2 & LMS


6/22/2010 21406
6/25/2010 16915

6/28/2010 16372
6/28/2010 21265
6/29/2010 15273

HMS (FG)
6/30/2010 16370 6/29/2010 21265
June '10 17978
June '10 19578

MARMAGAO
AVERAGE IMPORT PRICE OF HMS THROUGH MENTIONED PORTS - JUN ’10
Shredded Steel Scrap Import Through Mentioned Ports - Jun '10

MARMAGAO

July 22, 2010


Q3 coking coal C oking coal contract price for third quarter of current financial year is likely
to settle at substantially lower rates compared with second quarter rates,
contract likely at an official of a leading trading company said.
“The current indications are that the third quarter contract will be settled
$180-200/ton between $180-$200/ton compared to $225/ton for second quarter,” the official
ISMW said. “There are not takers of coking coal in the spot market as Indian and
Chinese steel companies are hardly making any purchases from the spot
market due to weak demand conditions,” he said.
However, the contract price for coking coal may not fall that much if the steel
market picks up and demand improves, he said.

Coking coal weakens C oking coal prices are showing signs of cooling primarily in response to the
weakening steel prices. Domestic price of coking coal in China, the largest
on soft steel prices coal consumer, has witnessed a decline over the last few days. According to
market sources, during the first week of July, spot coking coal price in Shanxi
ISMW
province has been hovering around $192 to $221 per ton excluding VAT, which
was nearly down by around $15 to $29 per ton from mid June.
More important is the fact that buying has been extremely low in the Chinese
market which has significantly dampened the market sentiment.
It will be interesting to note there has been a supply disruption in certain
mines, but it has not affected the market price as expected. As per available
information there has been supply disruption in ArcelorMittal’s Kuzembayev
mine in Kazakhstan, Ukraine’s largest coking coal mine Krasnoarmeyskaya-
Zapadnaya-1, along with heavy rainfall which has disrupted transportation in
Dazhou in south Shaanxi province, but it hardly left any impact on the spot
market.

Hard coking coal T he contract price of hard coking coal between miners and steel mills for
supply in Q2 has been settled at $225 a ton, an official of a leading Indian
contract for Q2 coal trading company said this week.
“Prices of hard coking coal for delivery in Q2 (July-September) have been
finalized at $225/ton settled, but that of semi-hard and semi-soft varieties are yet to be finalized,” the
ISMW trader said. “We anticipate that prices of semi-hard and semi-soft varieties will
either be rolled over or lowered a bit,” he said.
Hard coking coal price in Q1 was settled at $200 a ton against $129 a ton for
2009-10, which was an increase of nearly 55%, he added. Similarly the price of
semi-hard varieties in Q1 was increased by about 88% to $180 a ton from $96
a ton in 2009-10. On the other hand, prices of semi-soft variety were increased
by nearly 109% to $167 a ton in Q1 from a low of $80 a ton in 2009-10.
“Considering the impact of increase in hard coking coal prices in Q2 on
input cost of steel and also considering the current situation in steel demand, if
RAW MATERIALS (Coking Coal)

the steel companies are to keep their input cost under control or reduce it, the
prices of semi-hard coking coal in Q2 should be fixed at $167 a ton and that of
semi-soft varieties should be fixed at $147 a ton,” the trader said.
Since the upbeat trend in steel market witnessed at the time of negotiation
for Q1 is no longer there, and already there has been an increase in prices
of hard coking coal. “It is possible that the prices of semi-hard and semi-soft
varieties of coking coal will either be lowered, or rates of Q1 be rolled over. As
the chances of reduction look bleak, there is higher possibility of rollover in
prices for Q2,” he claimed.

India Steel Market Watch 61 July 22, 2010


Coke prices fall T he prices of low ash metallurgical coke has fallen by about Rs 2000 per ton
during the past one month in India due to low demand from steel industry,
sharply but are likely to remain stable in the coming months said, a senior official of a
coke manufacturer. “The prices of blast furnace grade coke had touched a high
ISMW
of up to Rs 24,000 per ton between mid-April and early May, but has fallen to
about Rs 22,000 per ton as on June 22,” he said.
The price of foundry grade coke was ruling a bit high at Rs 23,000 per ton
as on June 22, but the overall price range is between Rs 19,000 and Rs 23,000
per ton depending on quality and size of coke, he added. Incidentally, coke
prices in India had gone up gradually by an average of Rs 1500 to Rs 2000 per
ton between January and April, before this correction started from the middle
of May, he said.
“Going forward, I see coke prices remaining the same as there is no
possibility of prices going up due to low demand from steel makers and also
coking coal prices are also almost stable,” the official said.
(See details on Pg 182-183)

Indian met coke maker S aurashtra Fuels Pvt Ltd’s, India’s largest manufacturer of low ash
metallurgical coke, expects spot coking coke prices to soften by another
sees coking coal $10-15/ton to $205/ton in the near term, a top source told ISMW.
“We do not see any rise in the prices in the near future. The market is sluggish
prices falling with lot of presence of the product. We expect prices to go down further by
ISMW another $10-15/ton,” the source said. Saurashtra Fuels imports coking coal
from Australia to produce low ash metallurgical coke.
The company plans to import 1.2 million tons of coking coal in the current
financial year and had set a contracted price at $225/ton for the second quarter
beginning July.
“We expect prices to go down in the third quarter,” the source added.

Prices
Indian met coke makers were getting a contract price of $451-494/ton for foundry
grade met coke shipped mainly from the western coast at the beginning of July,
a source told ISMW. Coke makers are getting around $440-472/ton for blast
furnace grade met coke on an average from both the eastern and western
coasts, the source said.
(See details on Pg 182-183)

Indian coke maker S aurashtra Fuels Pvt Ltd, India’s largest manufacturer of low ash metallurgical
coke, has signed a contract with Noble Energy for supply of 1.8 million
signs pact with Noble tons of the material over a period of 3 years, a source in the company told
ISMW. Delivery of the first consignment for the contract, claimed to be largest
Energy so far in India, will start from October. Pricing of the contracts would be fixed
ISMW on a quarterly basis. The company would ship 50,000 tons every month from
Mundra and Porbander ports.
RAW MATERIALS (Coke)

“We are expanding capacity at our plants by 20 percent to meet demand,” the
source said. Indian merchant coke makers are looking at export opportunities
in view of the lower realization in domestic market and also to put pressure on
domestic steel makers to increase prices of LAMC.
Already Indian companies like Saurashtra Fuels Pvt Ltd and Ennore Coke
are exporting met coke to countries like Brazil, Iran, Pakistan, Sri Lanka,
Bahrain, South Korea and East African countries.

India Steel Market Watch 62 July 22, 2010


Freight rates rise A fter being in the declining mode for more than a month, dry bulk freight
rates have risen marginally on higher iron ore movement to China, industry
marginally on higher sources said.
Rates rose across the board, but it was the panamax segment which
iron ore movement reported strongest rise, resulting in the Baltic Panamax Index to see a double
ISMW digit growth of nearly 13% w-o-w. The Baltic Dry Index saw more than 6.16%
w-o-w improvement to 1826 points on July 23 as compared to 1720 points on
July 16. Improvement was also seen from the capesize sector which had seen
a severe decline over the past week due fall in Chinese imports.
During this week the Baltic Capesize Index saw a marginal increase of
1.90% w-o-w to 1708 points on July 23 as compared to 1676 points on July 16.
Meanwhile both the Baltic Supramax Index and the Baltic Supramax rates
have improved. The Baltic Supramax Index improved 4.55% w-o-w to 1745
points on July 23 as compared to 1669 points on July 16.
Atlantic rates with trans-Atlantic rounds for panamaxes were about $18,000
and even above for new built vessels. As per market information, daily fixtures
from India to China were hovering at round $14,500 daily on the route for a
modern Supramax transporting iron ore.

Shipping Corp sees S hipping Corporation of India (SCI) expects freight rates to remain volatile in
2010, with some stability and rise towards the beginning of 2011, chairman
freight rates improving and managing director S. Hajara told Steel Insights Daily on June 25.
“Freights rates were expected to be volatile this year. Some stability is
in 2011 expected towards end of this year or beginning of next year,” Hajara said.
ISMW The Baltic Dry Index (BDI), which measures freight costs for dry bulk
commodities such as iron ore and coal, had fallen by 1,686 points or 40.26
percent in the last one month to settle at 2501 points on June 25. BDI has
been on a downward journey especially after touching a high of 4209 points
in the last week of May. Improved movement of iron ore and coal saw rates
appreciating strongly in May; however in June there was a downslide as vessel
fixing activity slowed down. Much of this was due to the public holidays in
China and Taiwan and also high inventories of iron ore at the Chinese ports.

Traffic through major C ontinuing with the recent positive trend, traffic movement through the 12
major ports of the country recorded a 3.60 percent annual growth during
ports up 3.6 percent April-May 2010, mainly due to an increase in movement of container, iron ore
and other cargo.
during April-May According to the latest data released by the Indian Ports Association (IPA),
ISMW total traffic handled by the major ports during April-May 2010 was 94.449
million tons, higher than 91.165 million tons handled during the same period
a year ago.
During April-May 2010, iron ore movement through the major ports
improved by 1.99 percent to 17.658 million tons as compared to 17.314 million
tons handled during the same period last year.
Container movement during the same period was up 18.41 percent to 18.260
million tons as against 15.421 million tons reported for the corresponding
period a year ago.
LOGISTICS

Other cargo movement during the period stood at 15.153 million tons, a
2.03 percent increase over 14.852 million tons posted a year ago.

India Steel Market Watch 63 July 22, 2010


Mangalore Port gets T he New Mangalore Port Trust has issued a circular stating that a study needs
to be carried out on the feasibility of transportation of cargoes carrying iron
stringent on ore ore fines during monsoon.
The trucks carrying iron ore cargo should not be inter-carted or permitted
transportation without covering the cargo with tarpaulin inside the port, the circular dated
ISMW June 7 said. The iron ore fines stored in open yards need to be covered with
tarpaulin and the exporters will not be permitted to nominate the vessels without
submitting the worthiness of the cargo to the port.
Iron ore exporters will have to also obtain certification from agencies
authorized by DG, Shipping and only after all approvals are received, the final
sailing of iron ore fines carrying vessels would be allowed.

Mormugao Port T he Mormugao Port Trust has issued a circular stating cargo carrying vessels
need to be transported in covered barges, stored in permanently covered
outlines steps for sheds and proper moisture testing needs to be administered for final sailing of
iron ore fines carrying vessels.
vessels carrying The effort was taken to stop shrinkage of vessels loaded with iron ore fines
iron ore fines and blended lumpsum fines. While cargoes are being loaded on the vessel
the moisture content needs to be independently sampled and assessed by a
ISMW competent organization, the circular dated June 3 said. After the hatch-wise
data obtained by the independent sampling gets accepted the information
needs to be submitted to the Surveyor of the Mercantile Marine department
following which the vessel would be permitted to sail out of the port.

Kolkata Port earmarks H amstrung by the falling draft level, the Kolkata Port Trust (KoPT) is all set
to build a deep-drafted cargo handling facility at Salukhali near Diamond
Rs 600 cr to for Harbour at a cost of around Rs 600 crore, port chairman M L Meena said. The
port, which plans to come up with alternate port facility at three new locations,
new berth facility at would initially set up three berths at Salukhali for handling bulk cargo like
Salukhali coking coal, thermal coal and iron ore, he said.
The project will be implemented under public private partnership (PPP)
ISMW model and is estimated to cost around Rs 600 crore, Meena said at an
interactive session organized by the Merchants’ Chamber of Commerce. The
port has obtained in principle approval from the shipping ministry as well as the
environmental clearance and is in the process of sorting out land issues that
has stood as a stumbling block for the project. “The in principle approval has
been given by the ministry, but land issue is still there….Once we get the land,
we will immediately float the tender,” said the chairman, who has recently taken
over the position that remained vacant for almost a year.
The port authorities have already identified about 165-170 acres of land,
most of which is owned by the state government. KoPT has submitted a formal
proposal to the state regarding the proposed land acquisition and will hold a
meeting next week. Along with this, KoPT will reclaim another 300-400 acres
for the said project. The new berth facility is expected to allow faster handling
of cargo and reduce the turnaround time for vessels visiting the only riverine
major port in the country.
Earlier, Meena said the major reason for falling cargo handling capacity of
KoPT is the continuous silting of the river bed and the port was focusing on
both continued dredging and new port facility in deep drafted areas to cope
LOGISTICS

with the problem. KoPT handled 46.3 million tons of cargo in 2009-10, which
marked a 14.6 percent decrease over 54.2 mt handled in the previous year.

India Steel Market Watch 64 July 22, 2010


Kolkata Port Trust K olkata Port Trust will focus on improving facilities and dredging quality in the
port troubled with erosion and siltation problems for a log time now, newly
to improve dredging appointed chairman M L Meena said on June 28. Meena, who was earlier the
Deputy Chairman of Haldia Dock Complex, said “ Hooghly being a dynamic
quality river with equal problems of erosion and siltation, the issues of draught near
ISMW the port needs to be addressed on an urgent basis.”
According to him, the dredged material would be dumped at Sagar,
Rasulpur and Auckland Channel. At present the port has 5 dredgers and
the new Chairman plans to undertake study to see improve quality of these
dredgers. Being a riverine port KoPT has been troubled with low draft requiring
dredging at regular intervals. However, lack of adequate dredgers has been a
prime cause of discontentment between DCI and the port authorities.
In reference to the Eden Channel, Meena informed that new tenders have
been floated for opening it up and preliminary surveys have been done in
this respect. He further claimed that the port targets to open this by February
next year. He said that an estimate of Rs 1000 crore for the River Regulatory
Measures have been placed before the Ministry and is awaiting approval.
Besides, plans are a foot to create alternative port facilities in Salukhali,
Sagar and Diamond Harbour. It is to be noted here that at Shalukhali the draft
would be 9 meters and would allow docking of bigger ships. However, the
ports Diamond Harbour project, involving the establishment of a container
terminal, has been held up due to the problems of land acquisition with the
defence authorities.
However, Meena expressed serious concerns about the growth in trans-
loading facilities and container movements which is getting greatly affected
due to falling draft.
Opportunities are being looked into to work out some Joint Venture with
Shipping Corporation of India and SAIL in the area of trans-loading operations.
Formal proposal will be submitted to the Ministry to work out the feasibility of
such project, informed Meena.
He also said that he is working on the technical and economic feasibility of
mid- steam container handling at both Haldia and Kolkata Ports. A Small- level
Committee has also been appointed to find out the feasibility of such process
either by KoPT or through a PPP vehicle.

Railway Ministry I n what can be termed as a noteworthy policy initiative, the Ministry of Railways
has formulated a policy on development of automobile and ancillary hub to
develops auto, facilitate bulk movement of automobile sector traffic by rail and to increase
Railways’ share in automobile sector transportation. Such a move is likely to
ancillary hub help grow country’s steel demand to a great extent.
ISMW As per the latest release from the government, the policy which has
become effective from June 16, 2010 would allow any registered company in
India, manufacturer of automobile or logistics company or Society for Indian
Automobile Manufacturer (SIAM) or registered freight train operator, having
annual turnover of Rs 20 crore during last financial year, to apply.
As per the information, the Railway land would be provided for such hubs
on licence basis initially for a period of seven years, while the licence fee will be
LOGISTICS

payable as per extant policy. Automobile and ancillary hubs shall be a common
user facility for general use of the automobile industry, without any exclusive right.

India Steel Market Watch 65 July 22, 2010


New chairman takes S teel Authority of India Ltd (SAIL) has announced that C.S. Verma has taken
charge as the Chairman of the company with effect from June 11.
charge at SAIL Verma was formerly with state-run power utility Bharat Heavy Electricals Ltd
(BHEL) as Director (Finance). Verma, has succeeded outgoing SAIL Chairman,
ISMW
SK Roongta. Verma was with BHEL, India’s leading power and engineering
equipment provider for a pretty long period.

ArcelorMittal signs A rcelorMittal, the world’s largest steel maker, has formally signed an initial
agreement to spend Rs 30,000 crore to build a 6-million-tonne-a-year
pact for plant in steel plant in the southern state of Karnataka. ArcelorMittal and South Korea’s
POSCO have faced delays of more than two years to build a total of 37 million
Karnataka tones capacity in eastern India due to long time in allocation of mining leases
ISMW and protests by local farmers against land acquisitions.
The total reserve of high grade iron ore available in the State are of the order
of 1,000 million tones, according to state government website.

Record performance
by Bhilai Steel Plant
S teel Authority of India Limited’s (SAIL) Bhilai Steel Plant has reported the
best ever performance for the months of April and May 2010. Bhilai Steel
Plant recorded its best May production of BF coke, sinter, hot metal, crude
ISMW
steel, plates, saleable steel as also loading and despatch of saleable steel.
The Coke Ovens, Blast Furnaces and Steel Melting Shops have achieved
record April-May performance since inception of the plant. The Coke Ovens
finished April-May ’10 with best ever average equivalent oven pushing rate of
776 ovens per day for the month against the previous best May figure of 746.4.
Production of 2,67,753 tons of Blast Furnace coke was the best for any May
month since inception.
The Sinter Plants have recorded best-ever April-May production of 13,56,188
tons of sinter as against previous best of 12,42,700 tons. The Blast Furnaces
recorded best ever April-May Hot Metal production of 9,39,315 tons as
against previous best of 8,82,100 tons. Both the steel melting shops too have
registered their best ever performances. As per information from the plant,
with SMS I and SMS II recording their best April-May production of 4,39,100
tons and 4,46,751 tons, respectively, the plant has recorded its best crude steel
production of 8,85,851 tons for the period against previous best of 8,45,700
tons. SMS II’s Continuous Casting Shop has also recorded its best ever May
production of 1,45,610 tons of CC Slabs. The plant also recorded its best April-
May production of 4,40,595 tons of ingots rolled at its blooming and billet mill.
Among the plant’s finishing mills, the plate mill recorded its best April-
May production of 2,13,200 tons of Finished Plates as against previous best
of 2,13,200 tons. The Mill recorded its best May finished plates production of
1,09,012 tons as against 1,07,168 tons recorded in 2007. The mill has also
recorded its ever-best May despatches of 1,04,095 tons and best Specific
power consumption of 91.06 KWH/tons as against previous best of 106.31
KWH/ tons recorded in May 2008. The Wire Rod Mill recorded its best ever May
production of 57,311 tons Wire Rods. The mill has also finished May 2010 with
best-ever TMT Wire Rods production of 39,144 tons.
With such record May performances, Bhilai Steel Plant has finished April-
May 2010 with the best ever saleable steel production of 7,71,939 tons, against
CORPORATE

the previous best of 7,29,300 tons. Saleable steel loading and despatch figures
of 3,82,005 and 3,82,271 tons, respectively, were also the best for any May
month since inception.

India Steel Market Watch 66 July 22, 2010


Essar Steel buys E ssar Steel’s unit Essar Steel International BV has acquired Servosteel
(Oakside Solutions Ltd), the largest independent steel processor in the
Servosteel U.K. The company, however, did not disclose the transaction value.
Servosteel has an annual steel processing capacity of 0.5 million tons. The
ISMW
company is capable of processing the entire flat product range – hot rolled
coils, cold rolled coils, hot rolled pickled, galvanized and color coated products.
The steel service centre (SSC), based in Dudley in the West Midlands, is
considered as a steel consuming hub. The SSC offers a one stop service for
SCS (Smooth Clean Surface technology), pickling, slitting and de-coiling and
various individual custom tailored services.
Essar Steel has a global steel production capacity of 8.6 million tons per
annum. It operates seven SSCs in India, Indonesia and Canada with aggregate
capacity of over 3 million tons.
To tap the growing steel market, Essar Steel is focusing on service centres
that provide tailor-made products of the metal to consumer industries, including
ones in the automobile and consumer durables sectors.

Electrosteel expects to India’s leading ductile iron pipe maker Electrosteel Castings Ltd, which has
been allocated an iron ore block at Kodolibad in Jharkhand state, expects to
start iron ore mining get environment clearance soon, the company said in its annual report.
“On receipt of the consent the mining lease would be signed,” it said.
from Kodolibad block Following signing of the mining lease, the company would start developing
soon the mine and once developed the company would be reducing its steel/DI Pipe
production cost further, it said.
ISMW
Alongwith the iron ore block, the company is also in the process of
developing a coking coal block that was allotted to it in 2005. As Indian coal
has higher percentage of ash, Electrosteel has also set up a washery of 2
million tons per annum to reduce the ash from the coking coal.
In 2009-10, Electrosteel posted a 6.5 percent fall in production of ductile
iron pipes to 2,35,463 tons mainly due to planned shutdown of blast furnace
for its relining and repairing in the last quarter of 2009-10.

Posco opens P osco on June 14 had a ground-breaking ceremony for POSCO-ISDC,


the distribution centre for the Indian market. The construction of the new
distribution centre distribution center near Dighi Port, Maharashtra State, is meant to reduce
logistics costs while improving the quality of related service, in preparation for
ISMW
an increase in exports to the country`s mid-western areas.
``We will do our best to help POSCO-ISDC grow up to be a healthy
company that will play a vital role in the growth of local economy,`` said senior
vice president Oh In-hwan.
Scheduled to open in December, POSCO-ISDC, featuring four cranes on
the 33,058 sq. m space, is expected to handle 3,60,000 tons of steel products a
year. Located 100 km from the construction site for the center are POSCO IPPC
and a CGL plant, which are expected to facilitate the movement of the products
to and from the distribution center.
Operating two Indian processing centres in Pune and Delhi respectively, Posco is
CORPORATE

expanding aggressively in the Indian market, as it also opened another processing


centre in Chennai on June 15.

India Steel Market Watch 67 July 22, 2010


Defective CR coil fetch A total of 50 tons of defective CR Coil offered for sale on e-auction platform
of metaljunction on June 29 for delivery from Faridabad fetched attractive
attractive rates at rates, according to information available with ISMW.
The entire quantity, offered in two lots of 25 tons each, by a public sector
e-auction steel plant was offered average bid of Rs 34600 per ton (all tax inclusive) with
ISMW highest bid price of Rs 35250 and lowest price of Rs 33950.

Defective HR Coil sold A small quantity of 58 tons of defective HR Coil for delivery from Faridabad
fetched an attractive rate on e-auction platform of metaljunction on June
on e-auction platform 29, according to information available with ISMW.
The entire quantity, offered in a single lot, by a public sector steel plant
ISMW
received average bid of Rs 22050 per ton (all inclusive).

Limestone import A round 169,159 tons of limestone came in through Vizag port in May this
year, port data revealed.
through Vizag port in Bhushan Power & Steel was the highest importer of low silica limestone and
brought in around 54151 tons from Oman at a price of around Rs 1456 (about
May $32) per ton. This was followed by RINL who imported around 45,244 tons of
ISMW the material at around Rs 985 (about $22) per ton from UAE.
Tata Steel and SAIL were other importers of low silica limestone who brought
in around 28,674 tons and 23,000 tons of it respectively from UAE. Tata Steel
imported the product at around Rs 1526 (about $34) per ton while SAIL got it
for Rs 2290 (about $51) per ton. Price varied for the grade of limestone bought,
the data revealed. Wolkem India Ltd imported around 18,090 tons of white
limestone in chip form from Malaysia at two different prices of around Rs
2578 (about $57) per ton and Rs 1854 (about $41) per ton.

National Spot N ational Spot Exchange Ltd, jointly promoted by Financial Technologies
India Ltd and National Agricultural Marketing Federation of India Ltd, plans
Exchange to launch to launch cash contracts for steel in the next two to three months, a top official
told ISMW on June 23. The product, meant for retail investors interested in
cash steel contracts parking funds in commodities, would have contracts for steel ingots and billets,
ISMW Anjani Sinha, MD and CEO of the bourse said. The billets would be priced at a
premium of about Rs 200 per lot over the ingots.
The lot size for each unit of steel would be 1 quintal or 100 kg. Investors can
buy the lots by placing orders through a member of the exchange or through
online spot trading platform and keep in dematerialized format. They can also
take physical delivery at specified lot sizes. The lots would be credited in the
account within 2 working days of the transaction.
The exchange, which has already launched cash contracts for gold and
silver, currently has a turnover of Rs 15 crore per day. It plans to take the daily
transaction level to Rs. 500 crore for each commodity traded at the bourse in
the next 1 year. The exchange would launch cash contract for copper in July
followed by zinc and nickel. It also plans to launch cash contracts for aluminum,
cadmium, black pepper, guar seed, guar gum and castor seed.
Financial Technologies, currently owing 99 percent in the bourse, also has
plans to divest its stake in the exchange in phases to strategic investors, Sinha
OTHERS

added.

India Steel Market Watch 68 July 22, 2010


March mineral India’s mineral production from mining and quarrying sector improved by
14.41 percent in March 2010 as compared to February 2010 and 10.96
production up 10.96% percent compared to the same month a year ago.
In 2009-10, the mineral sector grew by 9.75 percent compared to the same
y-o-y period last year.
ISMW As per latest information from the government, the total value of mineral
production (excluding atomic and minor minerals) in the country during March
2010 was Rs 11,316 crore. Coal contributed about 42 percent which is the
highest at Rs 4761 crore.
Next in the order of importance are: iron ore Rs 2261 crore, petroleum
(crude) Rs 1648 crore, natural gas (utilized) Rs 1474 crore, lignite Rs 273 crore
and limestone Rs 266 crore. These six minerals together contributed about 94
percent of the total value of mineral production in March 2010.
In terms of production in March 2010, output of coal improved 20.88 percent
to 609 lakh tons, production of iron ore improved 6.35 percent to iron ore 205
lakh tons. Other than this output of lignite improved 6.9 percent to 33 lakh
tons, petroleum (crude) improved by 11.16 percent to 30 lakh tons, bauxite
improved by 6.53 percent to13,39,000 tons. Production of chromite improved
by 2.19 percent to 2,89,000 tons, while that of copper concentrate improved
0.42 percent to 12,000 tons.
The production of lead concentrate improved by 3.12 percent to13,000
tons. However the production of manganese ore dropped by 0.83 percent to
2,32,000 tons.

China steel exports T here is a strong possibility that China’s steel exports would fall in the near
future as summer vacations in the US and Europe are approaching and
may fall downstream buyers in the Asia-Pacific regions tend to stop rebuilding their
inventories, noted a recent media report on CISA’s website.
ISMW
“This is quite a possibility also because of the economic situation in EU and
US. One should not forget that the current sentiment is quite shaky in the US
following the BP oil spill episode. The economic impact over a large region in
the US is yet to be analysed completely, but would be undoubtedly huge. And
economic activities in a large part of EU is far from what is desired,” explained
an eminent steel analyst of a leading e-commerce company.
According to available information, in May China exported 4.94 million tons
(mt) of steel products, up 6,30,000 tons from April and 265.93 percent from
a year earlier while importing 1.36 mt, down 140,000 tons from the previous
month and 17.58 percent year-on-year. But the surge in May exports was
just a reflection of flourishing orders one or two months ago when overseas
customers were in a rush to rebuild their stock before summer vocations.

China to cut steel T he China Iron & Steel Association (CISA) has carried a news article on its
website, saying that the Commerce Ministry spokesman confirmed that
export rebates China will reduce export tax rebates on parts of steel products sometime
this year in a bid to assist the national goal of saving energy and reducing
ISMW
emissions.
He said Chinese exports of steel to Germany, Spain and Britain may be
OTHERS

affected in the following months due to the European debt crisis.

India Steel Market Watch 69 July 22, 2010


Economy & Policy • In its July update of the World Economic Outlook (WEO) IMF has raised its
global growth forecast for 2010 to 4.5 % from its earlier estimate of 4 % in the
News April 2010 WEO, reflecting stronger activity in the first half of 2010 (January-
June). The IMF said that the higher growth was on expectations of a modest
ISMW
but steady recovery in most advanced economies and strong growth in
many developing and emerging economies.
• IMF expects the Chinese economy to grow by 10.5 % in 2010. It also said
that the first quarter GDP numbers in Asia were generally stronger than
anticipated at the time of the April 2010 WEO and high frequency indicators
suggest that economic activity remained brisk during the second quarter.
• The GDP growth forecast for Asia has been revised upwards to about 7.5 %
from about 7 % in the April WEO.
Indian
• The International Monetary Fund (IMF) raised its India growth forecast for
2010 to 9.4% from 8.8% estimated in April. IMF kept unchanged its 2011
India growth forecast at 8.4 %.

Steel News • The European Commission fined 17 steel producers including ArcelorMittal
a total of 518 million euros for running a price-fixing cartel. ArcelorMittal was
ISMW hit the hardest (276.5 million euros). The commission said the companies
ran a cartel that lasted 18 years:1984 to 2002, to fix the prices of prestressing
steel. The cartel operated all across EU except in Britain, Ireland and Greece.
• China’s Ministry of Commerce (MOFCOM) places 6.1-26% AD duties on
certain carbon steel fasteners from the EU, effective from 29 June.
• Korea’s crude steel capacity is likely to reach an all-time high of 80.21million
t/y in this year, up 16.04million t/y from 2009.
• According to Japan Iron & Steel Federation (JISF) - Japan’s imports of
ordinary steel products from China rose by 402.3% y/y and 34.6% m/m to
~73kt in May
• India is China’s second largest Steel exports destination now. China globally
exported 17.92 million tonnes of steel in Jan-May 2010. While South Korea
topped China’s export destination (4million tonnes), 1.9 million tonnes were
exported to India. Out of this 573,752 tonnes were exported in May.

China News • China expected to produce 620-630mt of steel in 2010. China’s fixed asset
investment in its steel industry grew by 13.8% y/y to 35.6bn Yuan ($20bn)
ISMW between Jan-May 2010. Mr Li also stated that the ministry will further
regulate iron ore imports and push for further consolidation of the Chinese
steel Industry via M&A route
• According to Shanxi Economic & Trade Commission (SETC), Shanxi Province
will shut down 47 obsolete BFs by September 2010 in addition to 37 BFs
identified in the previous list taking out 10.4mt/y of iron making capacity
• China’s Ministry Of Finance eliminated export rebates on a range of products
from 9-13% to 0% as of 15 July, including high end flat carbon ( not stainless)
steels and metals.
• According to Raw Materials Group (RMG) - Chinese iron ore production
contracted by 27% y-o-y in 2009 to 235mt, and 2005-2008 figures were
revised downwards. Revised 2008 figure stands at 321mt down from 366mt
(converted to a Fe content of 63%). The figures for 2005, 2006 and 2007 now
stand at 285, 356 and 400mt respectively
• As reported by Chinese Customs, Chinese Steel exports are up 293.01% y/y
SNIPPETS

to 5.62mt in June. this is 680kt more than May exports. In contrast imports
fell by 9.82% y/y (up 110kt m/m) to 1.47mt in June.

India Steel Market Watch 70 July 22, 2010


Raw Materials News • Grange-BlueScope agree 107% rise on pellet benchmark at $150/t starting
from this month
ISMW
• Rio Tinto signed MOU with Kazakh State Company Tau-ken Samruk on joint
prospecting and mining in Kazakhstan. Tau-Ken Samruk is the metals and
mining arm of Kazakh state investment company Samruk-Kazyna.
• NLMK set plans to become fully self-sufficient in raw materials - it plans to
develop Zhernovskoye coking coal deposit and also applied for the right to
mine at Ulug-Khem coalfield in Tuva (with an estimated reserves of 640mt of
hard coking coal)
• POSCO plans to buy a 70% stake in Anglo American’s Sutton Forest coking
coal operation in Australia for $43m . Posco expected to recieve 1.3mt/y
of coking coal from 2016 which is 6% of POSCO’s annual coking coal
requirements
• Brazil’s Usiminas sold off 30 % of its mining and logistics business to
Sumitomo for $1.93billion.
• Wuhan Steel has signed an MoU with Australian Riversdale Mining to
develop coal project in Mozambique (estimate: 9billion t/y, Wuhan will get
40% of the met coke). Wuhan will acquire 40% of the asset at $800m.

Domestic News • SAIL to raise production to 60mt by 2020 as part of its plan to become a
global player. The company also plans to increase the share of value-added
ISMW products from current 37-38% to a much higher proportion
• SAIL is trying again to get a new coking coal mining operation started in
Tasra coal block in Jharkhand.(4 million t/y: reserves: 100 million tonne).
• Rashtriya Ispat Nigam (RINL) is targeting mid-2012 commissioning for its
ferro-alloy JV (50:50) with manganese ore miner, Manganese Ore (India) Ltd
(MOIL). (20,000 t/y of ferro-manganese and 37,500 t/y of silico-manganese).
• NMDC in talks with Nippon Steel to form 2mt/y integrated mill JV in Karnataka.
NMDC is also in talks with Kobe Steel, for setting up a joint venture plant
to produce iron ore nuggets from fines. The proposed nugget plant would
be at the premises of Sponge Iron India Ltd (SIIL), which has an annual
capacity of 60,000 tonnes.
• AM in negotiations to set up 1.5mt HRC plant with Uttam Galva with an
investment of Rs 6000 crores in Sindhudurg, Maharashtra. The greenfield
steel plant will produce HRC as part of a backward integration for Uttam
Galva’s Khopoli unit which is a secondary steel manufacturer.
• Essar Steel has bought steel processor Servosteel, the UK’s largest
independent steel processor. (Capacity: 500,000 t/y).
• JSPL is reported to be setting up a plant at Barbil in Orissa to recover iron
ore from the iron ore dust, treated as waste at the iron ore mines. The plant
will be based on a technology developed by the Institute of Minerals and
Materials Technology Bhubaneswar. (Capacity: 300 tonnes per hour of
tailing material). In 2007, pilot plant tests for the technology were carried out
at Essar Steel, Tata Steel and Jindal Steel.
• JSW Steel plans to ramp up capacity from current 7.8 million t/y to 32 million
t/y by 2020. (Investment: 75,000 Cr).
• Mahalaxmi TMT Bars plans to commission a 240,000 t/Y direct reduced iron
SNIPPETS

(DRI) plant at Wardha in Maharashtra by October.

India Steel Market Watch 71 July 22, 2010


International News • ArcelorMittal has been working towards the Ultra–Low Carbon dioxide
Steelmaking (ULCOS) projects in Germany and France. The project
ISMW envisages that Carbon monoxide generated in the furnaces be recycled as
a reducing agent and remaining CO2 be piped to a carbon capture and
storage site. The company expects the project to be completed by 2014/15.
Total cost is estimated to be €600million. The French Govt is to contribute
€10.8million and the German govt. to contribute €30.18milion.
• ArcelorMittal plans to increase self sufficiency in iron ore by 66% within 5
years - aiming to raise capacity to 100 mt from 60mt.
• ArcelorMittal to receive a mining licence for 521 acres of mines in ore-rich
Ramanadurga region of Bellary District, India. The company recently signed
MoU with the state government to set up 6mtpy plant with an investment of
Rs 30,000 crore.
• ArcelorMittal Tubarao will idle its no 1 BF for 80 days. It has an annual melting
capacity of 3.3mt
• ArcelorMittal’S Polish Division will idle 1.3mt/y bf no. 5 at its Krakow
Steelworks to carry out repair work
• NDRC approves Valin- ArcelorMittal 1.1mt/y auto sheet plant. The JV will
also likely include a 50-50 500Kt/y electrical steel JV between Valin Group
and AM. Valin Group aims to expand its annual crude steel capacity to 30mt
from current 11.8 by 2012/13
• Nippon Steel(50%) along with trader Metal One(20%), PSU Vietnam
Steel(10%) and four Japanese firms, including Sumitomo and Marubeni-
Itochu (4.75% each), is to set up a pipe and sheet piles plant in Vietnam.
(capacity: 60,000 t/y, operations by May 2011).
• Anshan Steel is targeting to reach capacity of 60 million tonnes of crude
steel over the next five years, and this will make it the biggest Chinese
steel producer. Anshan Steel, together with its sister company Benxi Steel,
produced a combined 29.3 million tonnes in 2009.
• Baosteel to increase annual crude steel capacity to 50mt/y by 2012 and has
set target of 66mt/y for 2015.
• A JFE Steel arm is reported to be building its second coil centre in Thailand.
Targeted towards auto sector, the centre will further secure JFE’s exports to
Thailand.(Operations from April 2011, capacity: 72,000 t/y).
• POSCO to begin operating its new 2mt/y plate mill at Gwangyang later this
month, lifting its total plate capacity to 8mtpy
• Vale has started construction of a 2.5million t/y integrated mill ($3.2bn). The
plant is scheduled for operations by the end of 2013. MMK is building new
2mt/y automotive application CRM (to be completed by late 2011)
• Severstal to idle iron and steel capacity and continuous casting at Sparrows
Point at the end of July to balance inventories
• Turkish mini-mills cut crude steel production by ~50% to adjust for falling
export demand from the MENA,
• Evraz Vitkovice Steel is set to temporarily close its meltshop, after failing
to reach an agreement with ArcelorMittal Ostrava over the price it pays for
pig iron. Vitkovice has a capacity of 950kt/y and buys nearly 25% of AM
SNIPPETS

Ostrava’s production

India Steel Market Watch 72 July 22, 2010


Trend in the auction F ollowing graph shows the price trend observed in the auction services
of Metal Junction for the month of May & June 2010 for different long
held at metaljunction products.
ISMW
Long Products Price Trend

32500
31000

Wtd. Avg. Price(Rs./MT)


29500
28000
26500
25000
23500
22000
20500
19000
17500
16000
Apr'10 Apr'10 May'10 June'10
Wk 1 Wk 4 Wk 3 Wk 2
Defective Billet TMT Bar Cutting
MM end Cutting Rejected Bloom
Plate Cutting

Price in Rs./t is basic

TMT Bar MM End


Week Def Billet Rej Bloom Plate Cutting
Cutting Cutting

Apr’10 Wk 1 26222 24522 -- 23629 27881

Apr’10 Wk 3 26355 24343 -- 23674 28797

Apr’10 Wk 4 23611 22459 22448 22826 26055

May’10 Wk 2 23953 22272 21692 21728 26054

May’10 Wk 3 23708 22300 21416 22570 24058

June’10 Wk 1 21820 -- 21174 20600 23677

June’10 Wk 2 22395 -- 20290 21317 --

June’10 Wk 3 21959 20121 20000 21133 24338

Price is Wtd.Avg in Rs./t, basic

Percent change (m-m, q-q, y-y basis)


May’10 Price June’10 Price % change % change % change
Products
(Avg.) (Avg.) (M-M) (Qtr-Qtr) (Y-Y)

Def Billet 23830 22058 -7.44 -11.28 6.27


E-AUCTION PRICE TREND

MM End Cutting 21554 20488 -4.95 -6.18 1.82

Rejected Bloom 22149 21017 -5.11 0.31 15.12

TMT Bar
22286 20121 -9.72 -9.60 0.89
Cutting

Plate Cutting 26054 24008 -7.86 -4.11 3.29

India Steel Market Watch 73 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010
Thickness Unit Price Quantity
PORTS DATES Country of Origin ITEM DESCRIPTION (in tons)
(in mm) (Rs/ton)
CRC (NA) (0.40 x 1219 x C) 43437.29 16
0.40 CHENNAI June ‘10 SOUTH KOREA CRC (NA) (0.40 x 1300 x C) 43727.52 48
CRC (NA) (0.40 x 1467 x C) 43727.52 54
CHINA CRC (0.5 x 1000 x C) 47062.35 51
CHENNAI June ‘10
SOUTH KOREA CRC (NA) (0.50 x 1249 x C) 41454.07 9
PRIME CRC (MILL EDGE SHEET) (JIS G3141 SPCC-SD)
6/7/2010 REP OF KOREA 36012.69 19
(0.50 x 1050 x C)
0.50 34484.34 19
KANDLA
PRIME CRC (CSP1D-S) (0.50 x 1249 x C) 34484.35 3
6/9/2010 REP OF KOREA
36032.03 21
PRIME CRC (CSP3N-S) (0.50 x 1368 x C) 37676.44 62
MUMBAI 6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (0.50 x 12) 40202.07 1072
CHINA CRC (0.6 x 1000 x C) 46580.57 55
37986.20 9
CRC (0.60 x 1380 x C)
37986.20 19
CRC (0.60 x 1405 x C) 35521.45 22
CHENNAI June ‘10 CRC (0.60 x 1520 x C) 39291.07 25
SOUTH KOREA
CRC (0.60 x 1560 x C) 36729.66 26
CRC (0.60 x 1605 x C) 36729.66 19
CRC (0.60 x 1630 x C) 36729.66 125
CRC (0.6 x 1470 x C) 38517.81 26
CRC (JSC340PN- 2) (0.60 x 1050 x C) 43706.84 65
6/1/2010 JAPAN
CRC (JSC340PN-2) (0.60 x 1050 x C) 38854.04 30
PRIME CRC (CSP3N-S) (0.60 x 960 x C) 36950.97 22
6/7/2010 REP OF KOREA PRIME CRC (MILL EDGE SHEET) (JIS G3141 SPCC-SD)
35330.74 18
(0.60 x 1050 x C)
0.60
42242.52 20
JAPAN CRC (NA) (JSC270C) (0.6 x 1630 x C) 42242.52 45
42435.85 17
KANDLA 35645.10 0
PRIME CRC (CSP1D-S) (0.60 x 1310 x C) 35645.11 32
6/9/2010
35645.11 5
REP OF KOREA 36950.97 16
PRIME CRC (CSP3N-S) (0.60 x 1025 x C)
36950.97 7
PRIME CRC (CSP3N-S) (0.60 x 1080 x C) 36709.14 46
PRIME CRC (CSP3N-S) (0.60 x 1200 x C) 36709.14 46
6/10/2010 REP OF KOREA CRC (0.60 x 1050 x C) 38854.87 72
6/30/2010 JAPAN CRC (JSC340PN-2) (0.60 x 1050 x C) 44627.09 73
6/17/2010 REP OF KOREA CRC (NA) (IFH) (0.60 x 971 x C) 45592.01 137
MUMBAI
6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (0.60 x 12) 40202.07 684
39682.19 91
39682.19 113
40565.98 109
CRC (JSC270F) (0.65 x 1540 x C) 42289.37 30
42289.37 14
46679.53 219
0.65 CHENNAI June ‘10 JAPAN
46679.53 227
CRC (JSC340P - PANELFR) (0.65 x 1180 x C) 41419.17 13
39865.40 12
CRC (JSC340P) (0.65 x 1180 x C)
41607.20 16
40753.27 24
CRC (JSC340P) (0.65 x 1180 x C)
42484.62 12

India Steel Market Watch 74 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
46874.30 48
CRC (JSC340P) (0.65 x 1180 x C)
JAPAN 46874.30 45
CRC (JSC340P-PANELFR) (0.65 x 1180 x C) 41419.17 24
CRC (0.65 x 1000 x C) 39242.74 7
37599.57 86
CRC (0.65 x 1130 x C)
47265.27 236
CRC (0.65 x 1205 x C) 38469.49 28
37986.20 78
CRC (0.65 x 1270 x C)
37986.20 80
CRC (0.65 x 1290 x C) 39291.07 25
CRC (0.65 x 1300 x C) 37599.57 9
38421.16 19
CRC (0.65 x 1345 x C) 39146.08 22
39146.09 142
CRC (0.65 x 1415 x C) 39291.07 23
CHENNAI June ‘10 39146.08 50
CRC (0.65 x 1430 x C)
39146.09 24
SOUTH KOREA
39146.08 48
CRC (0.65 x 1460 x C)
39146.08 33
37986.20 22
CRC (0.65 x 1470 x C)
37986.20 76
37986.20 226
CRC (0.65 x 1490 x C)
37986.20 101
CRC (0.65 x 1560 x C) 39677.70 24
38421.16 52
CRC (0.65 x 1610 x C)
39146.08 103
0.65
39146.08 53
CRC (0.65 x 1620 x C)
39146.09 118
CRC (0.65 x 920 x C) 38517.81 20
37599.57 19
CRC (0.65 x 950 x C)
37599.57 18
39251.05 25
39270.33 144
39270.33 171
39303.91 172
6/1/2010 JAPAN CRC (JSC270EN) (0.65 x 1445 x C) 39303.91 160
39303.91 162
39303.91 163
39303.91 166
39303.91 175
PRIME CRC (CSP1D-S) (0.65 x 1280 x C) 35645.11 25
6/7/2010 REP OF KOREA
KANDLA PRIME CRC (CSP3N-S) (0.65 x 910 x C) 36950.97 21
PRIME CRC (CSP1D-S) (0.65 x 1210 x C) 35354.92 47
PRIME CRC (CSP1D-S) (0.65 x 1480 x C) 35645.11 20
PRIME CRC (CSP3N-S) (0.65 x 1000 x C) 36950.97 43
6/9/2010 REP OF KOREA
36709.14 28
PRIME CRC (CSP3N-S) (0.65 x 1130 x C)
36709.14 19
PRIME CRC (CSP3N-S) (0.65 x 1440 x C) 36999.33 47
CRC (0.65 x 1060 x C) 38371.00 55
CRC (0.65 x 1145 x C) 38371.00 193
6/10/2010 REP OF KOREA
CRC (0.65 x 1287 x C) 37887.13 17
CRC (0.65 x 1309 x C) 36290.35 30

India Steel Market Watch 75 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
CRC (0.65 x 1310 x C) 38371.00 101
6/10/2010 REP OF KOREA CRC (0.65 x 1320 x C) 38371.00 123
CRC (0.65 x 1660 x C) 37887.13 64
CRC (JSC270DU) (0.65 x 1309 x C) 44177.46 17
CRC (JSC270DU) (0.65 x 1315 x C) 44177.46 17
CRC (JSC270DU) (0.65 x 1380 x C) 44177.46 17
KANDLA
37887.13 47
0.65 CRC (JSC270DU) (0.65 x 1490 x C)
6/17/2010 REP OF KOREA 45145.20 15
CRC (JSC270DU-3) (0.65 x 1660 x C) 37887.13 60
CRC (JSC270EN) (0.65 x 1060 x C) 38371.00 30
CRC (JSC270EN) (0.65 x 1145 x C) 38371.00 15
CRC (JSC270EN) (0.65 x 1320 x C) 38371.00 40
POSCO PRIME CRC (NA) (AY210B-E) (0.65 x 15) 49907.43 33
MUMBAI 6/19/2010 REP OF KOREA
POSCO PRIME CRC (NA) (SP3N-E) (0.65 x 1295) 45119.80 57
CRC (JFE-CA340P/WSS M1) (0.70 x 1260 x C) 41419.17 25
CRC (JFE-CA340P/WSS M1A) (0.7 x 1260 x C) 40753.27 11
CRC (JFE-CA34OP) (0.7 x 1260 x C) 46874.30 25
CRC (JFE-CF/WSS M1A) (0.7 x 1560 x C) 46776.67 77
CRC (JFE-CF/WSS M1A345) (0.70 x 1560 x C) 41324.00 20
CRC (JFE-CF/WSS M1A345) (0.7 x 1560 x C) 40659.62 25
CRC (JFE-CF/WSS M1A345) (0.7 x 1560 x C) 39773.79 24
41181.23 48
CRC (JSC340P - PANEL LI) (0.7 x 1230 x C)
41181.23 18
CRC (JSC340P) (0.7 x 1230 x C) 40519.16 10
JAPAN
40519.16 44
40519.16 11
CRC (JSC340P) (0.7 x 1230 x C) 42240.56 30
46630.72 97
46630.72 39
CRC (JSC340P-PANEL LI) (0.7 x 1230 x C) 41181.23 10
37348.08 23
39801.90 7
CRC (JSC390W) (0.7 x 1410 x C)
39801.90 55
0.70 CHENNAI June ‘10 44191.58 100
38566.14 67
CRC (0.70 x 1000 x C) 38566.14 73
38566.14 66
38276.17 78
CRC (0.70 x 1030 x C) 39001.10 66
39001.10 167
39001.10 18
CRC (0.70 x 1035 x C)
39001.10 38
CRC (0.70 x 1080 x C) 37406.26 47
SOUTH KOREA CRC (0.70 x 1090 x C) 37212.94 24
CRC (0.70 x 1155 x C) 37841.22 25
CRC (0.70 x 1180 x C) 39001.10 10
CRC (0.70 x 1210 x C) 39001.10 132
CRC (0.70 x 1230 x C) 37212.94 147
38372.83 50
CRC (0.70 x 1260 x C)
38372.83 25
CRC (0.70 x 1265 x C) 35376.46 23
37212.95 46
CRC (0.70 x 1290 x C)
37212.95 30

India Steel Market Watch 76 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
CRC (0.70 x 1330 x C) 39001.10 21
37841.22 28
CRC (0.70 x 1360 x C)
37841.22 151
CRC (0.70 x 1405 x C) 38034.53 23
38372.83 22
CRC (0.70 x 1415 x C)
38372.83 30
38566.14 90
CRC (0.70 x 1420 x C)
39001.10 32
38082.86 22
CRC (0.70 x 1440 x C)
38082.86 24
36633.00 7
CRC (0.70 x 1460 x C) 37454.59 7
38082.86 32
CRC (0.70 x 1465 x C) 38566.14 23
CRC (0.70 x 1490 x C) 37454.59 81
CRC (0.70 x 1495 x C) 38662.80 29
38566.14 23
CRC (0.70 x 1510 x C)
38566.14 23
CRC (0.70 x 1536 x C) 35376.46 9
CHENNAI June ‘10 SOUTH KOREA
37454.59 132
CRC (0.70 x 1549 x C)
37454.59 25
CRC (0.70 x 1550 x C) 35376.46 23
38469.49 64
CRC (0.70 x 1600 x C)
38469.49 62
38082.86 147
38082.86 49
CRC (0.70 x 1620 x C)
0.70 38469.49 455
38469.49 624
CRC (0.70 x 1630 x C) 39001.10 23
37647.90 56
CRC (0.70 x 850 x C)
37647.90 7
CRC (0.70 x 940 x C) 37986.20 80
CRC (0.70 x 960 x C) 37454.59 21
CRC (NA) (0.70 x 1200 x C) 40535.02 24
CRC (NA) (0.70 x 1280 x C) 40776.88 29
38262.94 8
CRC (NA) (0.70 x 1375)
40776.88 15
CRC (NA) (0.70 x 1375 x C) 40776.88 61
CRC (JSC270DU- 2) (0.70 x 1055 x C) 36825.95 16
CRC (JSC270DU- 3) (0.70 x 1360 x C) 41948.56 174
37519.75 145
CRC (JSC270DU- 3) (0.70 x 1593 x C)
42370.68 291
CRC (JSC270DU) (0.70 x 1025 x C) 38105.59 19
CRC (JSC270DU) (0.70 x 1127 x C) 37892.71 21
6/1/2010 JAPAN
38564.97 85
CRC (JSC270DU) (0.70 x 1588 x C)
KANDLA 38584.57 86
CRC (JSC270DU) (0.70 x 1593 x C) 38569.04 73
CRC (JSC270DU-2 ) (0.70 x 1115 x C) 41700.97 241
CRC (JSC270DU-2) (0.70 x 1055 x C) 41700.97 67
CRC (JSC270DU-2) (0.70 x 1115 x C) 36825.95 41
PRIME CRC (CSP1D-S) (0.70 x 1549 x C) 35354.92 23
6/7/2010 REP OF KOREA PRIME CRC (MILL EDGE SHEET) (JIS G3141 SPCC-SD)
35084.08 19
(0.70 x 1050 x C)

India Steel Market Watch 77 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
35354.92 19
6/9/2010 REP OF KOREA PRIME CRC (CSP1D-S) (0.70 x 1280 x C)
35354.92 33
CRC (0.70 x 1070 x C) 37887.13 18
CRC (0.70 x 1080 x C) 37887.13 19
CRC (0.70 x 1100 x C) 41516.16 37
CRC (0.70 x 1150 x C) 37887.13 69
6/10/2010 REP OF KOREA 36290.35 28
CRC (0.70 x 1300 x C)
44177.46 91
CRC (0.70 x 1470 x C) 38371.00 50
KANDLA
CRC (0.70 x 1500 x C) 38371.00 195
CRC (0.70 x 1635 x C) 38371.00 128
CRC (JSC270DU) (0.70 x 1080 x C) 45145.20 92
CRC (JSC270DU) (0.70 x 1150 x C) 45145.20 17
CRC (JSC270EN) (0.70 x 1360 x C) 38371.00 93
6/17/2010 REP OF KOREA CRC (JSC270EN) (0.70 x 1470 x C) 38371.00 50
38371.00 20
CRC (JSC270EN) (0.70 x 1500 x C)
45145.20 207
CRC (JSC270FN) (0.70 x 1100 x C) 41516.16 19
CRC (NA) (0.70 x 1200 x C) 45592.00 28
6/10/2010 REP OF KOREA CRC (NA) (0.70 x 1510 x C) 45592.00 201
CRC (NA) (0.70 x 1520 x C) 45592.00 96
42642.78 61
43851.48 68
CRC (NA) (IF NON SKIN PANEL) (0.7 MM)
43851.48 37
43851.48 139
6/14/2010 CHINA
0.70 42787.83 61
CRC (NA) (IFH ON SKIN PANEL) (0.70 x 10) 42787.83 48
42787.83 48
CRC (NA) (IFH ON SKIN PANEL) (0.70 x 99) 43029.57 51
38774.98 5
6/15/2010 CHINA CRC (NA) (IF NON SKIN PANEL) (0.7 MM) 38774.98 7
38774.98 13
6/17/2010 REP OF KOREA CRC (NA) (0.70 x 1520 x C) 45592.01 167
6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (0.70 x 12) 39708.79 419
MUMBAI POSCO PRIME CRC (NA) (AY210B-E) (0.70 x 12) 49907.43 22
POSCO PRIME CRC (NA) (AY210B-E) (0.70 x 14) 49907.43 7
45748.48 30
POSCO PRIME CRC (NA) (CY210 B-E) (0.70 x 14)
45748.48 30
6/19/2010 REP OF KOREA POSCO PRIME CRC (NA) (GCN-E) (0.70 x 1600) 49907.43 26
POSCO PRIME CRC (NA) (HSP40E) (0.70 x 1530) 45748.48 16
POSCO PRIME CRC (NA) (SP3N-E) (0.70 x 1370) 44829.64 52
PRIME CRC (NA) (0.7 x 1420 x C) 38881.37 50
PRIME CRC (NA) (0.7 x 950 x C) 38446.13 20
CRC (NA) (IF 1 NON SKIN PANEL) (0.70MM) 42642.78 58
CRC (NA) (IF 1 NON SKIN PANEL) (1.00MM) 42304.35 51
CRC (NA) (IF 1 SKIN PANEL) (0.70MM) 43851.48 316
6/24/2010 CHINA
CRC (NA) (IF NON SKIN) (0.70 x 1020 x C) 42787.83 64
CRC (NA) (IF NON SKIN) (0.70 x 1070 x C) 42787.83 53
CRC (NA) (IF NON SKIN) (0.70 x 990 x C) 43029.57 49
CRC (NA) (0.70 x 1545 x C) 45785.40 24
6/25/2010 CHINA
CRC (NA) (IF 1 SKIN PANEL) (0.70MM) 43851.48 70
0.75 CHENNAI June ‘10 JAPAN CRC (JFE CF REAR FLO) (0.75 x 1630 x C) 38946.50 16

India Steel Market Watch 78 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
38320.35 23
38320.35 73
CRC (JFE-CF) (0.75 x 1630 x C) 38320.35 50
JAPAN 44338.02 179
44338.02 44
CRC (JFE-CF-REAR FLO) (0.75 x 1630 x C) 38946.50 64
CHENNAI June ‘10
CRC (JFE-CF-REAR FLO) (0.75 x 1630 x C) 38946.50 34
CRC (0.75 x 1100 x C) 38082.86 32
CRC (0.75 x 1120 x C) 39001.10 128
SOUTH KOREA CRC (0.75 x 1280 x C) 38276.17 7
39146.09 78
0.75 CRC (0.75 x 890 x C)
39146.09 27
35354.87 7
35354.92 6
6/7/2010 REP OF KOREA PRIME CRC (CSP1D-S) (0.75 x 1460 x C) 35354.92 6
35354.92 20
35354.92 14
KANDLA
6/9/2010 REP OF KOREA PRIME CRC (CSP1D-S) (0.75 x 1160 x C) 35113.09 23
CRC (0.75 x 1030 x C) 37887.13 51
6/10/2010 REP OF KOREA CRC (0.75 x 1130 x C) 38371.00 126
CRC (0.75 x 1165 x C) 45145.20 29
6/17/2010 REP OF KOREA CRC (JSC270EN) (0.75 x 1130 x C) 38371.00 28
CHINA CRC (NA) (0.80 x 1500) 45613.99 10
CRC (JFE-CF/WSS M1A345) (0.8 x 1750 x C) 37805.30 12
37805.30 22
CRC (JFE-CF/WSS M1A345) (0.8 x 1750 x C)
37805.30 11
JAPAN CRC (JFE-CF/WSSM1A3) (0.8 x 1750 x C) 43801.57 25
35702.53 21
CRC (JSC390W) (0.8 x 1360 x C)
43655.13 38
CRC (JSC390W) (0.8 x 1360 x C) 43655.13 27
CRC (0.80 x 1110 x C) 38276.17 7
CRC (0.80 x 1250 x C) 38276.17 19
38276.17 38
38711.13 28
CRC (0.80 x 1255 x C)
38711.13 38
CRC (0.80 x 1260 x C) 39194.41 33
CRC (0.80 x 1263 x C) 34796.52 29
0.80 CHENNAI June ‘10
CRC (0.80 x 1300 x C) 38276.17 93
37164.62 25
CRC (0.80 x 1320 x C)
37164.62 53
38276.17 24
SOUTH KOREA CRC (0.80 x 1375 x C)
38276.17 25
CRC (0.80 x 1430 x C) 38082.86 24
38276.17 47
CRC (0.80 x 1440 x C)
38276.17 70
CRC (0.80 x 1580 x C) 37164.62 21
CRC (0.8 x 1260 x C) 38421.16 7
CRC (CSP3E-S) (0.80 x 1585 x C) 43353.08 53
40389.91 75
CRC (NA) (0.80 x 1200 x C)
44985.17 26
CRC (NA) (0.80 x 1219 x C) 40051.31 157
CRC (NA) (0.80 x 1231) 37582.11 91

India Steel Market Watch 79 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
40051.31 49
CRC (NA) (0.80 x 1231 x C)
44985.16 69
CRC (NA) (0.80 x 1249 x C) 40051.31 162
SOUTH KOREA
CRC (SPCC) (0.80 x 1250 x C) 40662.15 47
43978.93 22
CHENNAI June ‘10 PRIME CRC (SPEC CSP3E-S) (0.80)
43978.93 38
44211.23 24
CRC (0.8 x 1310 x C)
44211.24 154
VIETNAM
44162.86 46
CRC (0.8 x 915 x C)
44162.86 55
6/1/2010 JAPAN CRC (JSC270EN) (0.80 x 1345 x C) 38366.95 84
34600.42 9
PRIME CRC (MILL EDGE SHEET) (JIS G3141 SPCC-SD)
6/7/2010 REP OF KOREA 34600.42 20
(0.80 x 1050 x C)
34600.42 8
CRC (0.80 x 1050 x C) 37887.13 19
6/10/2010 REP OF KOREA
CRC (0.80 x 1475 x C) 37887.13 64
KANDLA
CRC (JSC270DU) (0.80 x 1050 x C) 37887.13 10
6/17/2010 REP OF KOREA CRC (JSC270DU) (0.80 x 1475 x C) 37887.13 30
CRC (JSC270DU) (0.80 x 980 x C) 45145.20 19
CRC (NA) (HKI0093-1) (JSC270D OYTY1859) (0.8 x 1043
0.80 45473.74 45
6/23/2010 JAPAN x C)
CRC (NA) (HZI0103-1) (JSC270D OYTY2327) (0.8 x 1085 x C) 45473.74 9
6/17/2010 REP OF KOREA CRC (NA) (0.80 x 1100 x C) 45592.00 10
6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (0.80 x 12) 39708.79 418
POSCO PRIME CRC (NA) (HSP35E-E) (0.80 x 17) 45748.48 45
POSCO PRIME CRC (NA) (SP3E-E) (0.80 x 1640) 46473.88 24
POSCO PRIME CRC (NA) (SP3N-E) (0.80 x 1850) 45748.48 43
POSCO PRIME CRC (NA) (SP3N-S) (0.80 x 1445) 43814.08 71
PRIME CRC (NA) (0.8 x 1060 x C) 41686.25 49
PRIME CRC (NA) (0.8 x 1170 x C) 41686.25 46
PRIME CRC (NA) (0.8 x 1175 x C) 37962.53 34
MUMBAI
6/19/2010 REP OF KOREA PRIME CRC (NA) (0.8 x 1220 x C) 37382.21 28
PRIME CRC (NA) (0.8 x 1280 x C) 36850.25 28
PRIME CRC (NA) (0.8 x 1350 x C) 41879.69 21
PRIME CRC (NA) (0.8 x 1375 x C) 38349.41 56
PRIME CRC (NA) (0.8 x 1450 x C) 41879.69 66
PRIME CRC (NA) (0.8 x 1540 x C) 41879.69 31
PRIME CRC (NA) (0.8 x 1550 x C) 43620.64 11
PRIME CRC (NA) (0.8 x 1790 x C) 43040.32 13
6/24/2010 CHINA CRC (NA) (IF NON SKIN PANEL) (0.80MM) 45205.22 40
CRC (0.83 x 1146 x C) 34796.52 68
CRC (NA) (0.83 x 1109 x C) 40389.91 23
CRC (NA) (0.83 x 1138) 37899.83 27
0.83 CHENNAI June ‘10 SOUTH KOREA
CRC (NA) (0.83 x 1138 x C) 40389.91 76
CRC (NA) (0.83 x 1242) 37899.83 57
CRC (NA) (0.83 x 1242 x C) 40389.91 102
49932.45 47
6/7/2010 JAPAN PRIME CRC (NA) (SPCE: S D N) (0.88)
0.88 MUMBAI 49932.45 86
6/21/2010 JAPAN PRIME CRC (NA) (SDN) (0.88MM) 49932.45 9
CRC (0.90 x 1025 x C) 37357.93 10
0.90 CHENNAI June ‘10 SOUTH KOREA 36971.30 62
CRC (0.90 x 1110 x C)
46637.00 86

India Steel Market Watch 80 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
36971.30 17
CRC (0.90 x 1249 x C)
46637.00 44
CRC (0.90 x 1260 x C) 46637.00 89
CRC (0.90 x 920 x C) 36971.30 56
SOUTH KOREA
36971.30 80
CRC (0.90 x 945 x C)
36971.30 16
CHENNAI June ‘10 CRC (SPCC) (0.90 x 1250 x C) 40319.50 25
0.90 CRC (SPCEN) (0.90 x 1250 x C) 41689.61 17
43872.63 82
CRC (0.9 x 1310 x C)
43872.64 171
VIETNAM 43775.89 182
CRC (0.9 x 915 x C) 43775.89 259
43775.90 192
6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (0.90 x 12) 39215.52 421
MUMBAI
6/19/2010 REP OF KOREA PRIME CRC (NA) (0.9 x 1350 x C) 41541.17 42
0.95 KANDLA 6/9/2010 REP OF KOREA PRIME CRC (CSP3N-S) (0.95 x 1375 x C) 35838.57 18
0.96 MUMBAI 6/19/2010 REP OF KOREA PRIME CRC (NA) (0.96 x 1350 x C) 42314.92 59
CHINA CRC (NA) (1.00 x 1500) 45613.99 10
42728.19 45
CRC (JSC390W) (1.0 x 1090 x C)
JAPAN 42728.19 50
CRC (JSC390W) (1.0 x 1090 x C) 37377.05 24
CRC (1.00 x 1050 x C) 37841.22 164
CRC (1.00 x 1160 x C) 38662.80 27
CRC (1.00 x 1180 x C) 37841.22 113
37841.22 21
CRC (1.00 x 1220 x C)
37841.22 27
CRC (1.00 x 1260 x C) 37841.22 79
37841.22 73
CRC (1.00 x 1355 x C)
37841.22 47
CRC (1.00 x 1375 x C) 37841.22 21
37744.56 26
CRC (1.00 x 1430 x C)
38517.81 191
38904.44 18
CRC (1.00 x 895 x C)
38904.44 20
SOUTH KOREA
1.00 CHENNAI June ‘10 CRC (1.0 x 1050 x C) 37841.22 116
CRC (1.0 x 1180 x C) 37841.22 25
CRC (1.0 x 1200 x C) 37841.22 18
CRC (1.0 x 1220 x C) 37841.22 72
CRC (1.0 x 1375 x C) 37841.22 58
37599.57 9
CRC (1.0 x 1495 x C)
37841.22 19
CRC (1.0 x 895 x C) 38904.44 18
CRC (1 x 1430 x C) 37744.56 26
CRC (NA) (1.00 x 1219 x C) 39664.34 25
CRC (NA) (1.00 x 1249 x C) 39664.34 28
CRC (SPCC) (1.00 x 1250 x C) 39976.85 87
CRC (SPCEN) (1.00 x 1250 x C) 41346.96 24
CRC (1.0 x 915 x C) 43727.52 55
43534.03 56
CRC (1 x 1310 x C)
VIETNAM 43534.04 138
43727.52 63
CRC (1 x 915 x C)
43727.53 82

India Steel Market Watch 81 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
CRC (JSC340PN) (1.0 x 880 x C) 40151.40 6
CRC (JSC440WN) (1.00 x 1120 x C) 34833.53 18
CRC (JSC440WN) (1.00 x 1205 x C) 39701.30 10
CRC (JSC440WN) (1.00 x 1235 x C) 39548.02 10
6/1/2010 JAPAN
CRC (JSC440WN) (1.00 x 800 x C) 38949.88 17
KANDLA
35317.33 12
CRC (JSC440WN) (1.00 x 870 x C)
40144.58 15
CRC (JSC440WN) (1.0 x 1390 x C) 39932.45 25
PRIME CRC (MILL EDGE SHEET) (JIS G3141 SPCC-SD)
6/7/2010 REP OF KOREA 33865.27 38
(1.00 x 1050 x C)
49932.45 96
6/7/2010 JAPAN PRIME CRC (NA) (SPCE: S D N) (1.00)
49932.45 40
6/10/2010 REP OF KOREA CRC (NA) (1.00 x 1000 x C) 45592.00 23
6/14/2010 CHINA CRC (NA) (IF NON SKIN PANEL) (1.0 MM) 42304.35 52
1.00
6/17/2010 REP OF KOREA CRC (NA) (1.00 x 1050 x C) 45592.00 25
6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (1.00 x 12) 39215.52 558
PRIME CRC (NA) (1.0 x 1032 x C) 36415.01 49
PRIME CRC (NA) (1.0 x 1250 x C) 40380.53 25
6/19/2010 REP OF KOREA
PRIME CRC (NA) (1.0 x 1500 x C) 40622.33 10
MUMBAI
PRIME CRC (NA) (1.0 x 1530 x C) 41202.65 47
49932.45 5
6/21/2010 JAPAN PRIME CRC (NA) (SDN) (1.00MM) 49932.45 24
49932.45 8
52840.28 52
6/24/2010 JAPAN PRIME CRC (NA) (SDN) (1.0 x 1950 x C)
52840.29 15
44818.44 10
6/25/2010 CHINA CRC (NA) (IF SKIN PANEL) (1.00 x 12) 44818.44 33
44818.44 23
PRIME CRC (CSP3N-S) (1.15 x 1310 x C) 35500.01 23
1.15 KANDLA 6/8/2010 REP OF KOREA 35500.01 14
PRIME CRC (CSP3N-S) (1.15 x 1425 x C)
35500.01 10
CHINA CRC (1.2 x 1250 x C) 39629.37 34
70005.71 0
71283.03 1
71632.93 5
JAPAN CRC (1.2 x 1442 x C) 71902.29 0
72052.44 0
72307.50 0
74054.79 0
37841.22 62
CRC (1.20 x 1035 x C)
37841.22 66
1.20 CHENNAI June ‘10 37841.22 61
CRC (1.20 x 1060 x C)
37841.22 60
37841.22 63
CRC (1.20 x 1090 x C)
37841.22 73
SOUTH KOREA CRC (1.20 x 1120 x C) 38566.14 40
CRC (1.20 x 1160 x C) 37841.22 18
37841.22 52
CRC (1.20 x 1175 x C)
37841.22 71
CRC (1.20 x 1180 x C) 37841.22 27
CRC (1.20 x 1205 x C) 37841.22 103
CRC (1.20 x 1250 x C) 39976.85 85

India Steel Market Watch 82 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
CRC (1.20 x 1250 x C) 41346.96 26
37841.22 127
CRC (1.20 x 1265 x C)
37841.22 46
CRC (1.20 x 850 x C) 37792.89 15
38711.13 19
CRC (1.20 x 860 x C)
38711.13 35
38904.44 303
CHENNAI June ‘10 SOUTH KOREA CRC (1.20 x 890 x C)
38904.44 170
36729.66 130
CRC (1.20 x 935 x C)
36729.66 98
38566.14 15
CRC (1.20 x 990 x C)
38566.14 17
CRC (NA) (1.20 x 1219 x C) 39664.34 79
CRC (NA) (1.20 x 1249 x C) 39664.34 83
CRC (JSC270EN) (1.20 x 1030 x C) 38044.73 12
CRC (JSC440WN) (1.20 x 1120 x C) 39604.56 10
CRC (JSC440WN) (1.20 x 1144 x C) 39423.41 10
CRC (JSC440WN) (1.20 x 1295 x C) 39932.45 11
CRC (JSC440WN) (1.20 x 750 x C) 40081.09 35
CRC (JSC590RN) (1.20 x 1000 x C) 43060.07 25
1.20 6/1/2010 JAPAN
CRC (JSC590RN) (1.20 x 1005 x C) 43062.23 12
CRC (JSC590RN) (1.20 x 1154 x C) 42591.55 50
CRC (JSC590RN) (1.20 x 1205 x C) 40241.25 35
CRC (JSC590RN) (1.20 x 755 x C) 43062.23 19
CRC (JSC590RN) (1.20 x 790 x C) 40717.79 19
CRC (JSC590RN) (1.20 x 860 x C) 40611.89 19
KANDLA
6/5/2010 REP OF KOREA PRIME CRC (CSP1D-S) (1.20 x 1249 x C) 33903.97 41
33903.96 26
PRIME CRC (CSP1D-S) (1.20 x 1249 x C)
33903.96 19
6/8/2010 REP OF KOREA PRIME CRC (CSP1D-S) (1.20 x 1330 x C) 34145.79 59
PRIME CRC (CSP1D-S) (1.20 x 1549 x C) 34145.79 68
PRIME CRC (CSP3N-S) (1.20 x 1010 x C) 35693.48 23
CRC (1.20 x 1315 x C) 36290.35 17
6/10/2010 REP OF KOREA
CRC (1.20 x 1355 x C) 44177.46 30
CRC (JSC270DU) (1.20 x 1315 x C) 44177.46 18
6/17/2010 REP OF KOREA 36290.35 93
CRC (JSC270DU) (1.20 x 1355 x C)
44177.46 15
6/30/2010 JAPAN CRC (JSC440WN) (1.20 x 1160 x C) 40755.24 9
6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (1.20 x 12) 39215.52 574
MUMBAI
6/19/2010 REP OF KOREA PRIME CRC (NA) (1.2 x 805 x C) 36898.61 17
33865.27 13
PRIME CRC (MILL EDGE) (JIS G3141 SPCC-SD) (1.25 x 33865.27 9
KANDLA 6/7/2010 REP OF KOREA
1050 x C) 33865.27 14
1.25
33865.75 1
6/9/2010 REP OF KOREA CRC (NA) (IFH) (1.25 x 1150 x C) 45592.00 35
MUMBAI
6/17/2010 REP OF KOREA CRC (NA) (IFH) (1.25 x 1000 x C) 45592.00 59
1.35 KANDLA 6/8/2010 REP OF KOREA PRIME CRC (CSP3N-S) (1.35 x 1420 x C) 35500.01 23
CRC (1.4 x 1290 x C) 79821.01 4
JAPAN
CRC (1.4 x 1510 x C) 72398.47 4
1.40 CHENNAI June ‘10 CRC (1.40 x 1056 x C) 37841.22 61
SOUTH KOREA CRC (1.40 x 1120 x C) 37841.22 38
CRC (1.40 x 1180 x C) 37841.22 23

India Steel Market Watch 83 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
37841.22 122
CRC (1.40 x 1180 x C)
37841.22 17
CHENNAI June ‘10 SOUTH KOREA CRC (1.40 x 1219 x C) 38566.14 44
CRC (1.40 x 1290 x C) 38566.14 21
CRC (NA) (1.40 x 1100 x C) 39664.34 26
CRC (JSC440WN) (1.40 x 1050 x C) 39698.88 9
CRC (JSC440WN) (1.40 x 1070 x C) 39423.41 11
CRC (JSC440WN) (1.40 x 1285 x C) 39656.70 8
CRC (JSC440WN) (1.40 x 1298 x C) 34529.22 8
CRC (JSC440WN) (1.40 x 760 x C) 39899.77 12
6/1/2010 JAPAN
CRC (JSC440WN) (1.40 x 885 x C) 39899.77 24
CRC (JSC590RN) (1.40 x 1130 x C) 37762.55 19
1.40 CRC (JSC590RN) (1.40 x 1130 x C) 42720.32 12
CRC (JSC590RN) (1.40 x 1220 x C) 42781.40 13
CRC (JSC590RN) (1.40 x 1280 x C) 42851.40 48
KANDLA
6/8/2010 REP OF KOREA PRIME CRC (CSP1D-S) (1.40 x 1450 x C) 34145.79 21
CRC (NA) (JSC590R) (1.4 x 1040 x C) 42677.43 18
CRC (NA) (JSC590R) (1.4 x 1120 x C) 42049.11 23
6/9/2010 JAPAN
CRC (NA) (JSC590R) (1.4 x 1300 x C) 42484.10 10
CRC (NA) (JSC590R) (1.4 x 1440 x C) 42290.77 26
36290.35 18
CRC (1.40 x 1125 x C)
6/10/2010 REP OF KOREA 44177.46 36
CRC (1.40 x 850 x C) 36290.35 18
6/17/2010 REP OF KOREA CRC (JSC270EN) (1.40 x 1080 x C) 44177.46 36
6/30/2010 JAPAN CRC (JSC590RN) (1.40 x 1210 x C) 43654.62 11
46917.13 7
CRC (1.5 x 1312 x C)
46917.13 30
BELGIUM 47334.96 9
CHENNAI June ‘10
CRC (1.5 x 933 x C) 47334.96 78
47334.96 33
SOUTH KOREA CRC (NA) (1.50 x 1219 x C) 39664.34 23
1.50
PRIME CRC (MILL EDGE) (JIS G3141 SPCC-SD) (1.50 x
KANDLA 6/7/2010 REP OF KOREA 33865.27 19
1050 x C)
6/9/2010 REP OF KOREA CRC (NA) (IFH) (1.50 x 1300 x C) 45592.00 45
6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (1.50 x 12) 39215.52 209
MUMBAI
POSCO PRIME CRC (NA) (HSP45E) (1.50 x 1000) 45748.48 20
6/19/2010 REP OF KOREA
PRIME CRC (NA) (1.5 x 1250 x C) 40380.53 82
PRIME CRC (CSP1D-S) (1.55 x 1260 x C) 34145.79 66
1.55 KANDLA 6/8/2010 REP OF KOREA
PRIME CRC (CSP1D-S) (1.55 x 1549 x C) 34145.79 68
CHINA CRC (1.6 x 1250 x C) 39871.01 26
CRC (1.60 x 1000 x C) 38566.14 18
38566.14 83
CRC (1.60 x 1025 x C)
38566.14 75
CRC (1.60 x 1150 x C) 36729.66 40
CHENNAI June ‘10
SOUTH KOREA CRC (1.60 x 1219 x C) 38566.14 44
1.60 CRC (1.60 x 1265 x C) 37841.22 47
CRC (CSP3E-S) (1.60 x 1425 x C) 42668.27 49
CRC (NA) (1.60 x 1219 x C) 39664.34 53
CRC (NA) (1.60 x 1249 x C) 39664.34 42
CRC (JSC440WN) (1.60 x 1480 x C) 39688.94 20
KANDLA 6/1/2010 JAPAN CRC (JSC590RN) (1.60 x 1040 x C) 43065.97 17
CRC (JSC590RN) (1.60 x 1040 x C) 38112.75 13

India Steel Market Watch 84 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
CRC (JSC590RN) (1.60 x 1180 x C) 42587.86 27
6/1/2010 JAPAN CRC (JSC590RN) (1.60 x 773 x C) 43062.23 10
CRC (JSC590RN) (1.60 x 990 x C) 43062.23 12
34145.79 37
KANDLA 6/5/2010 REP OF KOREA PRIME CRC (CSP1D-S) (1.60 x 1328 x C)
34145.79 8
1.60 CRC (NA) (JSC590R) (1.6 x 1235 x C) 42242.44 14
6/9/2010 JAPAN
CRC (NA) (JSC590R) (1.6 x 1295 x C) 42290.77 8
6/10/2010 REP OF KOREA CRC (1.60 x 1148 x C) 36096.80 16
6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (1.60 x 12) 39215.52 309
MUMBAI PRIME CRC (NA) (1.6 x 1165 x C) 36463.37 19
6/19/2010 REP OF KOREA
PRIME CRC (NA) (1.6 x 1420 x C) 41202.65 32
BELGIUM CRC (1.8 x 1052 x C) 47931.87 19
38421.16 9
CRC (1.80 x 1035 x C)
38662.80 28
CHENNAI June ‘10
SOUTH KOREA CRC (1.80 x 1219 x C) 38421.16 22
1.80 CRC (1.80 x 1254 x C) 53131.39 20
CRC (1.80 x 1257 x C) 38662.80 39
CRC (NA) (JSC590R) (1.8 x 1244 x C) 42585.95 19
KANDLA 6/9/2010 JAPAN CRC (NA) (JSC590R) (1.8 x 1355 x C) 43020.99 10
CRC (NA) (JSC590R) (1.8 x 850 x C) 42677.43 37
BELGIUM CRC (2 x 1160 x x C) 53721.90 21
CRC (2.00 x 1060 x C) 38662.80 37
CRC (2.00 x 1250 x C) 38068.84 18
CHENNAI June ‘10 CRC (2.00 x 1257 x C) 38662.80 130
SOUTH KOREA
CRC (2.0 x 1060 x C) 38662.80 17
CRC (NA) (2.00 x 1219 x C) 39809.45 28
CRC (NA) (2.00 x 1249 x C) 39809.45 29
2.00
CRC (JSC440WN) (2.00 x 1250 x C) 34478.03 8
6/1/2010 JAPAN CRC (JSC440WN) (2.00 x 1370 x C) 39847.06 12
CRC (JSC590RN) (2.00 x 1360 x C) 40652.74 31
KANDLA
CRC (NA) (JSC590R) (2.0 x 1180 x C) 42194.11 16
6/9/2010 JAPAN CRC (NA) (JSC590R) (2.0 x 770 x C) 42870.76 14
CRC (NA) (JSC590R) (2.0 x 790 x C) 42677.43 22
MUMBAI 6/18/2010 CHINA PRIME CR LOW CARBON (S 6-DC01-A-M) (2.00 x 12) 39215.52 519
2.25 MUMBAI 6/24/2010 CHINA CRC (NA) IF NON SKIN PANEL (2.25 x 12) 43948.18 70
CRC (2.3 x 805 x C) 47334.96 64
47334.96 7
47334.96 15
BELGIUM
CRC (2.3 x 805 x C) 47334.96 71
47334.96 82
CHENNAI June ‘10
2.30 122366.55 7
38662.80 20
CRC (2.3 x 1110 x C)
38662.80 130
SOUTH KOREA
CRC (NA) (2.30 x 1082 x C) 39809.45 41
CRC (NA) (2.30 x 1106 x C) 39809.45 32
KANDLA 6/9/2010 JAPAN CRC (NA) (JSC590R) (2.3 x 1145 x C) 42779.33 14
CRC (NA) (2.50 x 1158) 39809.46 7
2.50 CHENNAI June ‘10 SOUTH KOREA
CRC (NA) (2.50 x 1158 x C) 39809.45 24
45663.61 9
45663.62 109
2.60 CHENNAI June ‘10 BELGIUM CRC (2.6 x 1162 x C)
45663.62 17
45663.62 85

India Steel Market Watch 85 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
PRIME CRC (MILL EDGE) (JIS G3141 SPCC-SD) (3.00 x
3.00 KANDLA 6/7/2010 REP OF KOREA 34305.40 25
1249 x C)
42915.71 23
1.60 CHENNAI June ‘10 SOUTH KOREA PRIME CRC (CSP3E-S) (1.60)
42915.71 23
JAPAN CRC (SUY P-0 [JISC 2504]1-016) 176944.42 1
CHENNAI June ‘10
SOUTH KOREA CRC (NA) (2.50 x 1158) 37355.16 21
40338 REP OF KOREA CRC (NA) (IFH) (1150 x C) 38823.31 18
37306.87 11
37306.88 11
6/7/2010 SPAIN CRC (NA)
37665.02 11
39037.91 10
38823.31 9
CRC (NA) 38823.31 93
38823.31 29
6/9/2010 REP OF KOREA CRC (NA) (1510 x C) 38823.31 62
CRC (NA) (IFH) (1000 x C) 38823.31 21
CRC (NA) (IFH) (1050 x C) 38823.31 32
CRC (NA) (IFH) (1100 x C) 38823.31 8
CRC (NA) (SPCE-SD) (2080 x C) 45978.78 40
JAPAN 45978.79 69
CRC (NA) (SPCE-SD) (CORRESPONDING TO SS401)
46849.05 25
39509.03 22
46489.76 85
CRC 46974.53 63
47798.65 32
47798.65 52
6/10/2010
CRC (NA) (1085 x C) 45592.00 94
Not REP OF KOREA CRC (NA) (1300 x C) 45592.00 35
Available CRC (NA) (1545 x C) 45592.00 111
MUMBAI
CRC (NA) (1560 x C) 45592.00 42
CRC (NA) (1570 x C) 45592.00 143
CRC (NA) (1610 x C) 45592.00 91
CRC (NA) (1640 x C) 45592.00 137
CRC (NA) (1790 x C) 45592.00 90
6/12/2010 CHINA CRC (NA) 42256.01 61
6/14/2010 CHINA CRC (NA) (BAO SS 4011-MO) 45301.92 22
45592.01 21
45592.01 28
45592.01 32
45592.01 18
CRC (NA)
6/17/2010 REP OF KOREA 45592.01 32
45592.01 51
45592.01 39
45592.01 32
CRC (NA) ( x 1220 x C) 45592.01 76
PRIME CRC (GR ST12) 32390.59 4456
31907.15 7275
KAZAKISTAN PRIME CRC (GR ST-12) (1250 x C) 31907.15 3
6/21/2010 31907.15 3
PRIME CRC (GR ST-12) (1250 x C) 31907.15 7583
39509.06 8
REP OF KOREA CRC (NA) (GR SPCEN-IF)
46974.53 50

India Steel Market Watch 86 July 22, 2010


CRC Imports Through Chennai, Mumbai & Kandla Port June 2010, Contd...

Thickness Unit Price Quantity


PORTS DATES Country of Origin ITEM DESCRIPTION
(in mm) (Rs/ton) (in tons)
46974.53 32
CRC (NA) (GR SPCEN-IF) 47798.65 32
6/21/2010 REP OF KOREA
47798.65 269
CRC (NA) (GR SPRC35) 39993.80 57
42110.96 47
6/23/2010 CHINA CRC (NA) 42256.00 141
42256.00 64
42884.52 106
CRC (NA) (IF P1 NON SKIN PANEL) 42884.52 15
42884.52 19
6/24/2010 CHINA CRC (NA) (IF SKIN PANEL) (0.80 x 16) 44334.96 26
44963.48 46
CRC (NA) IF NON SKIN PANEL (1.25)
44963.48 100
CRC (NA) IF NON SKIN PANEL (1.50) 44818.44 66
42884.53 17
42884.53 8
42884.53 8
43126.27 17
43174.62 28
48831.31 19
48831.31 17
CRC (NA)
48831.31 10
6/26/2010 JAPAN
49073.05 15

Not 49073.05 28
MUMBAI
Available 49073.05 32
49073.05 127
49314.79 99
49363.14 19
49459.83 151
CRC (NA) (JFE-CF SS4011-SP SI)
49459.83 292
48831.31 11
49073.05 102
49073.05 239
49073.05 118
JAPAN CRC (NA) 49073.05 40
6/27/2010
49314.79 121
49363.14 110
49459.83 291
49459.83 160
SPAIN CRC (NA) 35635.53 12
40364.09 120
40364.09 204
CHINA PRIME CRC
6/28/2010 40364.09 428
40364.09 300
RUSSIA CRC (0.60M T12) 40123.85 2859
6/29/2010 JAPAN CRC (NA) (SKIN PANEL JFECF SS4011-SP S) 49459.83 29

CRC (NA) BAKE HARDENABLE (011 SKIN PANEL JFE- 42884.52 3


6/30/2010 JAPAN
CA340H-SP S) 42884.52 6
Grand Total 63555

India Steel Market Watch 87 July 22, 2010


Major CRC Supplier Countries to India Through Chennai,
Kandla and Mumbai Ports During June '10

OTHERS, 5140, 8%

KAZAKISTAN, 19320, 30% REPUBLIC OF KOREA, 8316, 13%

CHINA, 8588, 14%

JAPAN, 9024, 14%


SOUTH KOREA, 13165, 21%

350000
Import price of CRC- 0.6 mm thickness - during June 2010
(different colour code represents different transactions on mentioned date/port)
300000
38518
46581

250000
36730

200000
Rs per ton

36709
36730

150000
36709
36730

36951

100000
39291

38854

35645
35521

35331

50000

45592

44627
43707

42307

40202
37986

38855
36951

0
CHENNAI KANDLA KANDLA KANDLA KANDLA MUMBAI MUMBAI KANDLA
June '10 6/1/2010 6/7/2010 6/9/2010 6/10/2010 6/17/2010 6/18/2010 6/30/2010
0.6

Import price of CRC- 0.70 mm thickness- during June 2010


(different colour code represents different transactions on mentioned date/port)
36826 0

38446
41701

38881
38371 0
41701

44830
38569

38371

43030 0
Rs per ton

41516

45748
38371
38575

42788
41758
37893

40234

49907

42788
38371
38106

37887

45592 0

45748
43030 0

38371

43851
39945

41516

43851 0
49907
45592

45145 0 45145
42788

42304
41949

37887
0 35355 35084

0 45592 0
0 38775 0

0 49907
0 45592

0 45785
0 43549

0 42643
0 39709
37887
36826

0 35355

KANDLA KANDLA KANDLA KANDLA MUMBAI MUMBAI MUMBAI KANDLA MUMBAI MUMBAI MUMBAI MUMBAI MUMBAI
6/1/2010 6/7/2010 6/9/2010 6/10/2010 6/14/2010 6/15/2010 6/17/2010 6/18/2010 6/19/2010 6/24/2010 6/25/2010
0.7

India Steel Market Watch 88 July 22, 2010


Import price of CRC- 0.65 mm thickness- during June 2010
(different colour code represents different transactions on mentioned date/port)
350000

38371
300000

38371
37887 0
250000

38371
38371
Rs per ton
200000

37887
38371
36999

41516
150000

36290
36709

44177
37887
100000

36951

45120
44177
38371
36951

35645
50000

49907
44177
0 39291

38371
0 35645

0 35355
0

0
KANDLA KANDLA KANDLA KANDLA KANDLA MUMBAI
6/1/2010 6/7/2010 6/9/2010 6/10/2010 6/17/2010 6/19/2010
0.65

Import price of CRC- 0.80-0.90 mm thickness- during June 2010


(different colour code represents different transactions on mentioned date/port)
700000

600000

500000

400000
Rs per ton

300000

200000

100000

0
KANDLA KANDLA KANDLA KANDLA MUMBAI MUMBAI MUMBAI KANDLA MUMBAI MUMBAI MUMBAI MUMBAI MUMBAI
6/1/2010 6/7/2010 6/10/2010 6/17/2010 6/18/2010 6/19/2010 6/23/2010 6/24/2010 40336 6/21/2010 6/18/2010 6/19/2010
0.8 0.88 0.9

Import price of CRC- 1.5 - 1.8 mm thickness- during June 2010


(different colour code represents different transactions on mentioned date/port)
300000

250000
43062

200000
43062
Rs per Ton

150000
42588

42677
38113

100000
40381

43021
42291
43066

41203
34146

50000
45592

45748

42586
42242
39216

39689

39216
36097

36463
33865

34146

34146

0
KANDLA MUMBAI MUMBAI MUMBAI KANDLA KANDLA KANDLA KANDLA KANDLA MUMBAI MUMBAI KANDLA
6/7/2010 6/9/2010 6/18/2010 6/19/2010 6/8/2010 6/1/2010 6/5/2010 6/9/2010 6/10/2010 6/18/2010 6/19/2010 6/9/2010
1.5 1.55 1.6 1.8

India Steel Market Watch 89 July 22, 2010


Import price of CRC- 2.0-3.0 mm thickness- during
June 2010
(different colour code represents different transactions on
mentioned date/port)

140000

120000

42677
100000

40653
80000

Rs per Ton

42871
60000

39847
40000

42779
42194

39216
34478

34305
20000

0
KANDLA KANDLA MUMBAI KANDLA KANDLA
6/1/2010 6/9/2010 6/18/2010 6/9/2010 6/7/2010
2 2.3 3

Import price of CRC- for thickness not available - during


June 2010
(different colour code represents different transactions on
mentioned date/port)

600000

500000
45714 45592 45592 45592 45592 45592 45592 45592 45592 45979 46414

400000
Rs per Ton

300000

200000
38823 8823 38823 38823 38823

45811 39994 391 90 31907

42885 44335 44963 44818


7
31

100000
32

46887 49460
45592 45592

24 40364
3

49460
47836
45302
43948

42256

42208

42885
38823

37829

401

0
MUMBAI MUMBAI MUMBAI MUMBAI MUMBAI MUMBAI MUMBAI MUMBAI
6/24/2010 6/7/2010 6/10/2010 6/14/2010 6/21/2010 6/24/2010 6/27/2010 6/29/2010

India Steel Market Watch 90 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10
Thickness Unit Price Quantity
PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
CHENNAI June ‘10 SOUTH KOREA HRC P&O (1.40x1200xC) 30543.61212 50.48
1.4 59062.32554 11.55
MUMBAI 6/10/2010 JAPAN HRC (NA) (1.40x914xC)
59062.32692 0.52
JAPAN HRC (MILL EDGE) (GR: SAE 1006) (1.60x790xC) 28390.38511 1452.85
31534.07337 16.9
6/7/2010 31534.07352 44.75
KANDLA REP OF KOREA PRIME HRC P&O (JS-SPHC) (1.6x1150xC)
31534.075 0.8
1.6 31534.07558 1.72
6/21/2010 JAPAN HRC (NA) (MILL EDGE) (GR - SAE 1006) (1.60x940xC) 27995.54123 995.23
58283.49309 4.34
6/10/2010 JAPAN HRC (NA) (1.6x914xC)
MUMBAI 58283.49478 33.51
6/19/2010 REP OF KOREA PRIME HR (NA) (1.6x1250xC) 39510.04933 54.13
HRC P&O (1.80x1070xC) 31945.13816 9.12
HRC P&O (1.80x1420xC) 31945.13867 13.99
CHENNAI June ‘10 SOUTH KOREA
30253.64095 117.45
HRC P&O (1.80x900xC)
30253.6412 19.37
1.8 6/15/2010 JAPAN HRC (NA) (MILL EDGE) (GR: SAE 1006) (1.80x790xC) 28141.49335 1459.81
KANDLA
6/29/2010 JAPAN HRC (NA) (MILL EDGE) (GR - SAE 1006) (1.80x940xC) 27795.94458 991.34
6/8/2010 JAPAN PRIME HR (NA) (1.8x1130xC) 42448.37461 12.68
MUMBAI 6/19/2010 REP OF KOREA PRIME HR (NA) (1.8x1250xC) 39123.16993 41.37
6/24/2010 JAPAN HRC (NA) (1.8x1130xC) 47821.02037 11.29
1.9 KANDLA 6/7/2010 REP OF KOREA PRIME HRC P&O (JS-SPHC) (1.95x950xC) 31243.88261 112.96
HRC (2.00x1004xC) 30383.82959 10.68
FRANCE HRC (2.00x1170xC) 27209.39991 22.28
CHENNAI June ‘10 HRC (2x1004xC) 32380.09545 9.01
SOUTH KOREA HRC (2.0x1170xC) 34313.23517 18.54
HRC (2.0x1180xC) 35231.47638 19.69
30405.79923 7957.44
PRIME HRC (SPHC & STND ACC. TO JIS G3131-2005)
CHINA 30405.79923 1883.13
(2.00x1250xC)
6/4/2010 30405.79925 6774.84
HRC (NA) (GR SE 1006) (2.00x910xC) 32152.33547 2583.93
JAPAN
HRC (NA) (GR SE 1006) (2.00x925xC) 32152.33544 1055.99
34097.46622 10.51
6/5/2010 REP OF KOREA HRC P&O (JS-SPHC) (2.00x1000xC)
34097.46647 10.14
30856.96144 8.04
KANDLA PRIME HRC P&O (JS-SPHC) (2.00x1249xC)
6/7/2010 REP OF KOREA 30856.96156 35.64
2 PRIME HRC P&O (JS-SPHC) (2.00x1549xC) 30856.96147 45.42
PRIME HRC (NA) (2.0x 1020xC) 34327.87058 368.27
6/16/2010 CHINA PRIME HRC (NA) (2.0x1010xC) 34327.87068 371.34
PRIME HRC (NA) (2.0x1260xC) 34327.87061 251.72
PRIME HRC (NA) (GR - SAE 1006) (2.0x1010xC) 30945.31906 353.69
6/25/2010 CHINA PRIME HRC (NA) (GR - SAE 1006) (2.0x1020xC) 30945.31907 352.686
PRIME HRC (NA) (GR - SAE 1006) (2.0x1260xC) 30945.31912 230.51
6/7/2010 SWEDEN HR DOMEX 450 POLE SHEET (1490x714x2.00) 40589.87989 24.56
6/11/2010 RUSSIA HR SHEETS (GRAD 2.00x1652-1660) 29923.64281 883.334
PRIME HR (NA) (STE 15-50) (2.0x1006xC) 37545.5349 38.68
PRIME HR (NA) (STE 15-50) (2.0x977xC) 37545.5349 33.52
MUMBAI 6/19/2010 REP OF KOREA
PRIME HR (NA) (2.0x1250xC) 38833.01051 21.89
PRIME HR (NA) (STE 310) (2.0x1220xC) 37430.57311 20.45
PQ NSP (GR: SA) (2.00x920xC) 35289.62628 20953.32
6/28/2010 RUSSIA
PRIME HR (NA) (STE 06-A) (2.00x920-126) 34337.78706 2538.98
2.1 CHENNAI June ‘10 SOUTH KOREA HRC (2.1x1080xC) 35231.47636 17.34

India Steel Market Watch 91 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
FRANCE HRC (2.2x1200xC) 27209.4 19.5
CHENNAI June ‘10
SOUTH KOREA HRC (2.2x1190xC) 34313.23497 25.62
PRIME HRC (SPHC & STND ACC. TO JIS G3131-2005)
6/4/2010 CHINA 30405.79925 1975.6
(2.00x1250xC)
30856.96132 14.22
6/7/2010 REP OF KOREA PRIME HRC P&O (JS-SPHC) (2.20x1249xC)
2.2 30856.96145 30.61
KANDLA
PRIME HRC (NA) (2.2x1010xC) 34327.87062 235.59
6/16/2010 CHINA
PRIME HRC (NA) (2.2x1020xC) 34327.87062 233.34
PRIME HRC (NA) (2.2x1020xC) 30945.31913 227.34
6/25/2010 CHINA
PRIME HRC (NA) (GR - SAE 1006) (2.2x1010xC) 30945.31908 236.05
MUMBAI 6/16/2010 REP OF KOREA HRC (UNPIC SAE1095) (2.2x120xC) 35654.82297 386.55
2.25 CHENNAI June ‘10 GERMANY HR SHEET (FIRST GRADE) ( 2.25x1450x6200-12) 41196.62108 171.99
HRC (2.30x1145xC) 39408.46201 257.29
CHENNAI June ‘10 SOUTH KOREA
HRC (2.30x1180xC) 39408.46208 83.06
CHINA HRC (2.3x1250xC) 33805.7309 197.36
KANDLA 6/7/2010 31340.61293 59.11
2.3 REP OF KOREA PRIME HRC P&O (MJSH270D) (2.30x1249xC)
31340.61299 23.1
PRIME HR (NA) (STE 310) (2.3x1050xC) 37527.29286 83.18
MUMBAI 6/19/2010 REP OF KOREA PRIME HR (NA) (STE 370) (2.3x1050xC) 37769.09252 37.18
PRIME HR (NA) (STE 370) (2.3x1230xC) 37672.37267 45.59
HRC (2.50x1145xC) 32880.67992 31.43
CHENNAI June ‘10 SOUTH KOREA
HRC (2.5x1190xC) 34313.23515 24.58
PRIME HRC (SPHC & STND ACC. TO JIS G3131-2005)
6/4/2010 CHINA 30405.79926 1007.49
(2.00x1250xC)
6/7/2010 CHINA HRC (2.5x1250xC) 33805.73078 343.74
PRIME HRC (NA) (2.5x1150xC) 34327.87059 264.36
34327.87049 341.153
KANDLA 6/16/2010 CHINA PRIME HRC (NA) (2.5x1250xC)
34327.87053 482.097
2.5
PRIME HRC (NA) (2.5x1260xC) 34327.87063 806.67
PRIME HRC (NA) (GR - SAE 1006) (2.5x1150xC) 30945.31909 225.294
6/25/2010 CHINA PRIME HRC (NA) (GR - SAE 1006) (2.5x1260xC) 30945.31913 680.45
PRIME HRC (NA) (GR - SAE 1006)(2.5x1250xC) 30945.3191 686.406
38833.0105 28.57
6/19/2010 REP OF KOREA PRIME HR (NA) (2.5x1250xC)
38833.01076 25.1
MUMBAI
28768.50503 1462.648
6/21/2010 CHINA PRIME HR (NA) (J, SIZE:THICK x WIDTH : 2.5 -)
28768.7539 1564.784
2.6 KANDLA 6/7/2010 REP OF KOREA HRC P&O (SAPH440) (2.60x1200xC) 32259.56343 41.46
2.7 CHENNAI June ‘10 SOUTH KOREA HRC (2.7x1325xC) 34168.24948 48.42
33370 0.001
2.75 KANDLA 6/7/2010 CHINA HRC (2.75x1250xC)
33805.73089 209.449
27209.4 78.65
FRANCE HRC (2.8x1210xC)
CHENNAI June ‘10 28997.09958 11.85
SOUTH KOREA HRC (2.8x1210xC) 34168.24952 41.68
6/7/2010 REP OF KOREA PRIME HRC P&O (MJSH270D) (2.80x1150xC) 31388.97788 20.8
2.8 PRIME HRC (NA) (2.8x1235xC) 34327.8706 354.09
6/16/2010 CHINA
PRIME HRC (NA) (2.8x1260xC) 34327.87062 1441.152
KANDLA
PRIME HRC (NA) (GR - SAE 1006) (2.8x1235xC) 30945.31906 354.01
6/25/2010 CHINA 30945.31911 300.558
PRIME HRC (NA) (GR - SAE 1006) (2.8x1260xC)
30945.31912 959.584
CHENNAI June ‘10 SOUTH KOREA HRC P&O (2.9x1100xC) 41175.88213 24.18
6/7/2010 REP OF KOREA HRC P&O (SAPH440) (2.90x1000xC) 32356.2934 18.95
2.9
KANDLA 6/21/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (2.90x1250xC) 28812.42727 372.93
6/25/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (2.90x1250xC) 28812.42713 191.7

India Steel Market Watch 92 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
2.95 KANDLA 6/10/2010 CHINA HRC (NA) (2.95x1115xC) 29388.67571 162.97
CHINA HR PLATES (3x1250x2500) 33105.02254 27.51
CHENNAI June ‘10
SOUTH KOREA HRC P&O (3.00x1070xC) 34216.57797 16.61
KANDLA 6/7/2010 CHINA HRC (3.0x1250xC) 33805.73099 554.25
CHINA PRIME HRC (NA) (3.0x1500xC) 29990.15497 98.15
3
6/7/2010 44768.24988 22.667
SWEDEN HR DOMEX 650 POLE SHEET (1490x714x3.00)
MUMBAI 44768.25038 7.213
6/18/2010 GERMANY HRC (NA) (3.00x1260xC) 24831.76549 20.98
6/19/2010 REP OF KOREA PRIME HRC (NA) (STE 15-50) (3.0x1239xC) 34485.88492 48.14
3.1 CHENNAI June ‘10 SOUTH KOREA HRC (3.1x1180xC) 34264.90654 127.54
3.15 KANDLA 6/10/2010 CHINA HRC (NA) (3.15x1025xC) 29388.67567 210.31
HRC (3.2x1195xC) 30383.83017 23.73
FRANCE
CHENNAI June ‘10 HRC (3.2x1220xC) 27209.4 64.05
SOUTH KOREA HRC (3.2x1130xC) 35183.148 248.51
PRIME HRC (NA) UMES (YA1R0214 001) (3.20x1320xC) 37463.26317 146.9
PRIME HRC (NA) UMES (YA1R0224 001) (3.20x1520xC) 37463.26312 58.3
3.2
6/24/2010 JAPAN PRIME HRC (NA) UMES (YA1R0814 001) (3.20x1320xC) 37463.26316 126.69
KANDLA 37463.26 1
PRIME HRC (NA) UMES (YA1R0824 001) (3.20x1520xC)
37463.26317 63.8
30647.36879 77.55
6/25/2010 JAPAN HRC (NA) UMES (YH8R1733 001) (3.20x1610xC)
30647.37 1
3.25 KANDLA 6/10/2010 CHINA HRC (NA) (3.25x1040xC) 29388.67569 195.34
CHENNAI June ‘10 SOUTH KOREA HRC (3.30x1133xC) 40133.77115 48.11
3.3 6/21/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (3.30x1280xC) 28812.42715 213.11
KANDLA
6/25/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (3.30x1280xC) 28812.42713 307.61
6/10/2010 CHINA HRC (NA) (3.35x1170xC) 29388.67565 169.91
3.35 KANDLA
6/25/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (3.35x1170xC) 28812.42711 62.7
FRANCE HRC (3.4x1180xC) 30384.78526 159.03
JAPAN HRC (3.4x1120xC) 33830.91583 7.96
3.4 CHENNAI June ‘10
HRC (3.40x1050xC) 39408.46193 48.6
SOUTH KOREA
HRC (3.40x1245xC) 39408.46206 26.75
6/1/2010 CHINA HRC (3.5x1250xC) 32952.82626 780.75
3.5 KANDLA
6/10/2010 CHINA HRC (NA) (3.50x1100xC) 29388.67569 268.45
FRANCE HRC (3.6x1250xC) 30383.83005 22.83
3.6 CHENNAI June ‘10 HRC (3.60x1185xC) 39408.46216 27.22
SOUTH KOREA
HRC P&O (3.6x1225xC) 34989.83415 32.62
3.65 KANDLA 6/25/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (3.65x1100xC) 28812.42713 205.49
42416.3822 92.83
3.7 CHENNAI June ‘10 JAPAN PRIME WIDE HRC (3.70x1080xC)
45202.21475 540.11
3.75 KANDLA 6/1/2010 CHINA HRC (3.75x1250xC) 32952.82622 68.42
HRC (4.0x1210xC) 34168.24942 25.66
CHENNAI June ‘10 SOUTH KOREA HRC P&O (4.00x1219xC) 30205.31251 108.35
HRC P&O (4.0x1219xC) 30205.31248 80.71
CHINA HRC (4.00x1250xC) 32952.8262 206.67
33734.67262 147.17
6/1/2010 HRC (NA) (4.00x1010xC)
JAPAN 33734.67273 303.57
4
HRC (NA) (4.00x1255xC) 33636.03321 158.99
KANDLA PRIME HRC (NA) UMES (YA1R0114 001) (4.00x1060xC) 36738.16777 251.12
PRIME HRC (NA) UMES (YA1R0124 001) (4.00x1100xC) 36738.16779 113.24
6/24/2010 JAPAN PRIME HRC (NA) UMES (YA1R0134 001) (4.00x1160xC) 36738.16781 196
PRIME HRC (NA) UMES (YA1R0144 001) (4.00x1200xC) 36738.16783 844.41
PRIME HRC (NA) UMES (YA1R0154 001) (4.00x1320xC) 36738.16777 245.57

India Steel Market Watch 93 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
PRIME HRC (NA) UMES (YA1R0164 001) (4.00x1370xC) 36738.16776 149.8
PRIME HRC (NA) UMES (YA1R0174 001) (4.00x1420xC) 36738.16778 175.17
PRIME HRC (NA) UMES (YA1R0184 001) (4.00x1520xC) 36738.16781 1633.13
PRIME HRC (NA) UMES (YA1R0194 001) (4.00x1610xC) 36738.16776 954.84
PRIME HRC (NA) UMES (YA1R0714 001) (4.00x1060xC) 36738.16777 240.45
PRIME HRC (NA) UMES (YA1R0724 001) (4.00x1100xC) 36738.16782 100.11
6/24/2010 JAPAN PRIME HRC (NA) UMES (YA1R0734 001) (4.00x1160xC) 36738.16777 209.27
PRIME HRC (NA) UMES (YA1R0744 001) (4.00x1200xC) 36738.16776 623.17
PRIME HRC (NA) UMES (YA1R0754 001) (4.00x1320xC) 36738.1678 215.91
PRIME HRC (NA) UMES (YA1R0764 001) (4.00x1370xC) 36738.16777 155.33
PRIME HRC (NA) UMES (YA1R0774 001) (4.00x1420xC) 36738.16779 188.03
KANDLA
PRIME HRC (NA) UMES (YA1R0784 001) (4.00x1520xC) 36738.16781 1637.11
4
PRIME HRC (NA) UMES (YA1R0794 001) (4.00x1610xC) 36738.16783 948.93
HRC (NA) UMES (YH8R16A3 001) (4.00x1610xC) 29922.27325 100.2
PRIME HRC (NA) UMES (YA1R1865 001) (4.00x1370xC) 36738.16869 134.03
36738.16869 104.63
PRIME HRC (NA) UMES (YA1R1895 001) (4.00x1610xC)
36738.17 1
6/25/2010 JAPAN 29100.51489 20.82
PRIME HRC (NA) UMES (YH7R8791 001) (4.00x1610xC)
29100.52 1
PRIME HRC (NA) UMES (YH8R1663 001) (4.00x1320xC) 29922.27307 21.13
PRIME HRC (NA) UMES (YH8R1683 001) (4.00x1420xC) 29922.27312 27.46
PRIME HRC (NA) UMES (YH8R1693 001) (4.00x1520xC) 29922.27329 135.02
6/7/2010 CHINA PRIME HRC (NA) (4.0x1500xC) 29990.15495 98.29
MUMBAI
6/18/2010 GERMANY HRC (NA) (4.00x1260xC) 24758.28305 20.95
6/21/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (4.10x1415xC) 28812.42715 205.36
4.1 KANDLA
6/25/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (4.10x1415xC) 28812.42718 91.25
43394.1 0.1
CHENNAI June ‘10 JAPAN PRIME WIDE HRC (4.20x1080xC)
45203.61441 129.18
4.2
HRC P&O (MILL EDGES) (4.2\x1090xC) 29238.74419 0.43
KANDLA 6/14/2010 FRANCE
HRC P&O (MILL EDGES) (4.2x1090xC) 29238.7427 21.22
4.35 KANDLA 6/25/2010 CHINA HRC (NA) (MILL EDGE) UN (P&O) (4.35x1035xC) 28812.42715 98.28
HRC P&O (4.50x1219xC) 30060.32703 106.29
CHENNAI June ‘10 SOUTH KOREA
HRC P&O (4.5x1219xC) 30060.32685 24.69
4.5
KANDLA 6/1/2010 CHINA HRC (4.5x1250xC) 32952.82656 2033.07
MUMBAI 6/24/2010 JAPAN PRIME HRC (4.5x1024xC) 57097.91263 18.77
HRC (NA) (4.60x1035xC) 29388.67567 196.13
4.6 KANDLA 6/10/2010 CHINA
HRC (NA) (4.60x1100xC) 29388.67569 267.86
4.9 KANDLA 6/10/2010 CHINA HRC (NA) (4.90x1360xC) 29388.67568 299.4
HR PLATES (5x1250x5000) 32863.38001 23.71
CHINA
CHENNAI June ‘10 HR PLATES (5x1500x5000) 31655.16744 28.19
ITALY NA PLATES (S355JO) (5x1500x6300) 43776.82615 26.46
CHINA HRC (5.0x1250xC) 32952.82643 22.93
5
KANDLA 6/1/2010 HRC (NA) (5.00x1010xC) 33685.35286 345.18
JAPAN
HRC (NA) (5.00x1010xC) 33685.35303 364.13
6/5/2010 BELGIUM NA PLATES (5x2500x84) 59757.8539 19.37
MUMBAI
6/7/2010 CHINA PRIME HRC (NA) (5.0x1500xC) 29990.15495 98.03
5.3 KANDLA 6/10/2010 CHINA HRC (NA) (5.30x1410xC) 29388.67579 373.28
5.5 KANDLA 6/1/2010 CHINA HRC (5.5x1250xC) 32952.82624 160.34
PRIME HR PLATES (6000x1800x6.00) 70297.26961 2.04
BELGIUM 70435.38053 7.91
6 CHENNAI June ‘10 PRIME HR PLATES (6000x2000x6.00)
70435.38053 2.26
CHINA HR PLATES (6x1250x3100) 32863.37984 20.14

India Steel Market Watch 94 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
HR PLATES (6x1250x5000) 32863.38015 6.55
CHENNAI June ‘10 CHINA
HR PLATES (6x1500x5000) 31655.16746 50.22
35548.37899 16.28
6/5/2010 REP OF KOREA HRC P&O (JS-SAPH440) (6.00x1219xC)
35548.38 1.5
6 HR PLATES (GR ASTM A 36 OF VARIOUS SIZES -0/+1
KANDLA 32387.63843 248.127
PCT VARIATION) (6.x1420x12000)
6/16/2010 REP OF KOREA
HR PLATES (GR ASTM A 36 OF VARIOUS SIZES -0/+1
32387.63843 143.773
PCT VARIATION) (6.x1580x12000)
MUMBAI 6/7/2010 CHINA PRIME HRC (NA) (6.0x1500xC) 29990.1549 98.32
37212.945 278.17
CHENNAI June ‘10 FRANCE HRC (6.3x900xC) 37212.94502 154.6
6.3
37212.94503 55.85
KANDLA 6/10/2010 CHINA HRC (NA) (6.30x1050xC) 29388.67568 608.16
7.3 KANDLA 6/10/2010 CHINA HRC (NA) (7.30x1370xC) 29388.67569 302.77
7.75 KANDLA 6/1/2010 CHINA HRC (7.75x1250xC) 32952.82626 78.68
29238.73961 1.444
7.8 KANDLA 6/14/2010 FRANCE HRC P&O (MILL EDGES) (7.8x1260xC) 29238.74242 17.16
29238.74246 71.266
PRIME HR PLATES (6000x1800x8.00) 66305.90775 2.71
BELGIUM
PRIME HR PLATES (6000x2000x8.00) 66169.25166 3.02
ITALY NA PLATES (S355JR) (8x1500x6300) 46685.64987 26.59
CHENNAI June ‘10 34291.38489 25.54
HR CUT LENGTHS BOILER PLATES (7254x2438x8.0)
34297.65465 3.33
UK
8 34264.18919 2.96
HR CUT LENGTHS BOILER PLATES (9662x2438x8.0)
34286.27952 63.61
HR PLATES (GR ASTM A 36 OF VARIOUS SIZES-0/+1 PCT
27553.66362 14.24
VARIATION) (8x1890x12000)
KANDLA 6/22/2010 REP OF KOREA
HR PLATES (GR ASTM A 36 OF VARIOUS SIZES-0/+1 PCT
27553.66354 507.87
VARIATION) (8x2365x12000)
MUMBAI 6/7/2010 CHINA PRIME HRC (NA) (8.0x1500xC) 29990.15496 98.54
8.9 CHENNAI June ‘10 MALAYSIA PRIME HRC (SAPH 400) (8.90x1240xC) 38924.65521 1017.46
9.3 MUMBAI 6/9/2010 UKRAINE HR (NA) PLATES (IN VICE DIMENSION) (9.30x1868) 32943.12102 33.944
9.75 KANDLA 6/1/2010 CHINA HRC (9.75x1250xC) 32952.82603 22.59
PRIME HR PLATES (6000x1.800x10.00) 64504.31268 3.39
BELGIUM
PRIME HR PLATES (6000x2000x10.00) 64432.07958 3.77
HR PLATES (0010) (10x1770x6180) 54413.04127 9.45
JAPAN HR PLATES (0130) (10x1700x6100) 52087.36196 1.63
HR PLATES (10x1770x6180) 57926.76744 0.86
10 CHENNAI June ‘10 34624.49353 49.44
NORTH KOREA HR PLATES (10x2500x6300)
36560.67155 39.55
ROMANIA HR PLATES (10x2500x10700) 37067.95951 409.5
HR CUT LENGTHS BOILER PLATES (5300x2000x10.0) 34279.98851 19.14
UK HR CUT LENGTHS BOILER PLATES (7500x1850x10.0) 34284.05088 26.14
HR CUT LENGTHS BOILER PLATES (8000x1850x10.0) 34344.47414 2.32
10.4 CHENNAI June ‘10 CHINA HRC (10.40x1270xC) 35537.07695 97.85
10.6 MUMBAI 6/9/2010 UKRAINE HR (NA) PLATES (IN VICE DIMENSION) (10.60x186) 32000.37778 115.595
31077.73319 209.44
11 CHENNAI June ‘10 CHINA HRC (11.00x1350xC)
35537.07696 243.9
PRIME HRC (GR API 5L GRx52 PSL 2 SOUR SERVICE)
6/14/2010 REP OF KOREA 33837.91405 652.46
(11.10x1500xC)
11.1 KANDLA
HRC (GR API 5L GRx52PSL 2 SOUR SERVICE)
6/21/2010 REP OF KOREA 33837.82823 3076.01
(11.10x1500xC)
32154.32764 138.2
11.2 CHENNAI June ‘10 CHINA HRC (11.20x1270xC)
34573.06817 118.82

India Steel Market Watch 95 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
31077.73317 104.41
11.8 CHENNAI June ‘10 CHINA HRC (11.80x1350xC)
35537.07701 75.06
PRIME HR PLATES (6000x1800x12.00) 64434.60197 4.07
BELGIUM
PRIME HR PLATES (6000x2000x12.00) 64466.28097 4.52
JAPAN HR PLATES (0090) (12x2000x6000) 54418.80088 2.26
HR PLATES (12x2500x12000) 34622.1599 59.35
NORTH KOREA
HR PLATES (12x2500x6300) 36551.78537 10.39
HR PLATES (12x1500x11400) 37065.40299 43.5
12 CHENNAI June ‘10
HR PLATES (12x1500x6800) 37071.46641 21.14
HR PLATES (12x2000x7150) 37066.94034 36.37
ROMANIA HR PLATES (12x2500x10000) 37069.44452 124.81
HR PLATES (12x2500x11000) 37067.95948 103.64
HR PLATES (12x2500x12000) 37067.9595 423.9
HR PLATES (12x2500x9000) 37067.95948 186.56
32154.32761 106.62
12.5 CHENNAI June ‘10 CHINA HRC (12.50x1270xC)
34573.06817 139.22
12.6 MUMBAI 6/9/2010 UKRAINE HR (NA) PLATES (IN VICE DIMENSION) (12.60x185) 32000.37674 96.406
PRIME HRC (GR API 5L GRx52 PSL 2 SOUR SERVICE)
6/14/2010 REP OF KOREA 33837.91409 1651.46
(12.70x1500xC)
KANDLA
12.7 HRC (GR API 5L GRx52PSL 2 SOUR SERVICE)
6/21/2010 REP OF KOREA 33837.82821 4813.55
(12.70x1500xC)
MUMBAI 6/3/2010 FINLAND HR PLATES (ASTM A) (520.00x12.70) 35532.53068 12.06
31077.73318 306.99
13.3 CHENNAI June ‘10 CHINA HRC (13.30x1340xC)
35536.81727 547.43
HR PLATES (14x1700x11000) 37063.6652 43.16
HR PLATES (14x2000x12600) 37065.72856 66.46
HR PLATES (14x2500x11000) 37069.1278 63.46
14 CHENNAI June ‘10 ROMANIA
HR PLATES (14x2500x12000) 37068.13798 207.71
HR PLATES (14x2500x12600) 37068.15241 384.28
HR PLATES (14x2500x13200) 37067.21169 148.71
32154.32768 95.58
CHENNAI June ‘10 CHINA HRC (14.30x1270xC)
34573.0682 145.16
HR PLATES (GR API 5L GRx52 PSL 2 SOUR SERVICE) 36303.15568 5421.264
(14.30x1860x12180) 36303.17326 45.792
33837.82823 4422.798
14.3 KANDLA 6/28/2010 REP OF KOREA HR PLATES (GR API 5Lx60 PSL 2) (14.30x3280x12180) 33837.82828 4683.782
33837.82843 8056.856
PRIME HR PLATES (GR API 5L GRx52 PSL 2 SOUR 36301.12552 7.632
SERVICE) (14.30x1860x12180) 36303.36791 4955.712
6/3/2010 FINLAND HR PLATES (ASTM A) (400.00x14.30) 35532.53045 132.02
MUMBAI
6/9/2010 UKRAINE HR (NA) PLATES (IN VICE DIMENSION) (14.30x185) 32000.37776 88.76
HR PLATES (0020) (15x1920x5850) 54336.6566 2.65
JAPAN
HR PLATES (0100) (15x2000x6000) 54444.46934 4.24
15 CHENNAI June ‘10
HR PLATES (15x1500x12600) 37067.95955 57.85
ROMANIA
HR PLATES (15x2500x12600) 37069.49715 96.43
32154.32765 193.01
15.6 CHENNAI June ‘10 CHINA HRC (15.60x1270xC)
34573.06822 157.28
HRC (GR API 5L GRx52PSL 2 SOUR SERVICE)
15.9 KANDLA 6/21/2010 REP OF KOREA 33837.82813 2357.69
(15.90x1500xC)
HR PLATES (16x2500x12000) 34623.1322 101.74
NORTH KOREA 36558.8228 39.56
16 CHENNAI June ‘10 HR PLATES (16x2500x6300)
37525.98787 9.89
ROMANIA HR PLATES (16x1500x6500) 37067.95977 17.15

India Steel Market Watch 96 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
HR PLATES (16x2500x12600) 37068.72441 193.84
CHENNAI June ‘10 ROMANIA
HR PLATES (16x2500x13200) 37067.9595 373.05
16 HR PLATES (ASTM A) (190.00x16.00) 35532.53041 125.438
6/3/2010 FINLAND
MUMBAI HR PLATES (ASTM A) (350.00x16.00) 35532.53021 17.71
6/14/2010 CHINA PLATES (S355JR) (16.00x20) 36647.6562 199.458
HRC (16.10 x1210xC) 34573.06819 274.68
16.1 CHENNAI June ‘10 CHINA
HRC (16.10x1210xC) 32154.32762 159.85
6/4/2010 REP OF KOREA PRIME HRC (17.5x1500xC) 42548.775 7288.18
45115.3971 16688.531
6/17/2010 CHINA PRIME HRC (17.50x1500xC)
45115.39715 3071.211
KANDLA
6/22/2010 CHINA PRIME HRC (17.5x1500xC) 46416.56938 9912.524
17.5
6/23/2010 REP OF KOREA PRIME HRC (17.50x1500xC) 42550.44516 8798.05
6/28/2010 REP OF KOREA PRIME HRC (17.5x1500xC) 47239.16593 10235.35
HR PLATES (ASTM A) (350.00x17.50) 35532.53045 104.598
MUMBAI 6/3/2010 FINLAND
HR PLATES (ASTM A) (505.00x17.50) 35532.53044 136.257
HR PLATES (18x1500x12600) 37070.2727 64.1
18 CHENNAI June ‘10 ROMANIA HR PLATES (18x2500x12600) 37066.6783 115.73
HR PLATES (18x2500x13200) 37068.06275 359.05
32154.32762 295.8
19.4 CHENNAI June ‘10 CHINA HRC (19.40x1270xC)
34573.06818 161.92
HR PLATES ( 20x2500x6300) 37533.57634 9.89
NORTH KOREA 34624.49355 235.5
HR PLATES (20x2500x12000)
34624.494 5
HR PLATES (20x2500x12600) 37067.95948 123.65
CHENNAI June ‘10 ROMANIA
20 HR PLATES (20x2500x13200) 37067.68075 398.94
29496.56667 3
SOUTH KOREA HR PLATES (20x1500x12500) 29677.96 3
29677.96146 9.6
MUMBAI 6/14/2010 CHINA PLATES (S355JR) (SIZE 20.00x15) 36647.65618 200.34
HR PLATES (22x1500x12600) 37069.70681 84.86
22 CHENNAI June ‘10 ROMANIA HR PLATES (22x2500x12600) 37067.95949 282.88
HR PLATES (22x2500x13200) 37068.30181 108.28
HR PLATES (24x1800x6400) 37067.95945 32.55
24 CHENNAI June ‘10 ROMANIA
HR PLATES (24x2500x12600) 37067.95949 142.44
BELGIUM PRIME HR PLATES (6000x1.800x25.00) 64466.28019 10.6
NORTH KOREA HR PLATES (25x2500x12000) 34624.49354 117.72
27574.92469 17.66
25 CHENNAI June ‘10
29481.5416 5.89
SOUTH KOREA HR PLATES (25x2500x12000)
29496.56556 36
29677.96167 24
HR PLATES (30x2500x10000) 37065.86102 35.33
CHENNAI June ‘10 ROMANIA
HR PLATES (30x2500x13200) 37067.71492 303.11
30
6/3/2010 FINLAND HR PLATES (ASTM A) (030.00x16.00) 35532.53047 94.86
MUMBAI
6/18/2010 REP OF KOREA NA PLATES (30x2500x12000) 43157.30361 7.065
HR PLATES (32x2500x6300) 36558.82255 19.78
NORTH KOREA
HR PLATES (32x3000x11000) 34624.49353 621.75
CHENNAI June ‘10 29496.56554 73.7
32
SOUTH KOREA HR PLATES (32x3000x12000) 29677.96148 55.29
30271.52099 18.1
MUMBAI 6/18/2010 REP OF KOREA NA PLATES (32x2500x12000) 43544.36505 15.072
HR PLATES (0020) (35x1570x5684) 56732.52653 2.45
35 CHENNAI June ‘10 JAPAN
HR PLATES (0040) (35x1570x6172) 56750.18045 2.66

India Steel Market Watch 97 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
HR PLATES (0080) (35x1690x6030) 56686.25 33.6
35 CHENNAI June ‘10 JAPAN
HR PLATES (35x1690x6030) 60410.625 5.6
HR PLATES (0050) (40x1870x6220) 56717.31233 3.65
HR PLATES (0050) (40x1870x7000) 56686.25061 8.22
JAPAN HR PLATES (0060) (40x1870x7000) 56686.25061 4.11
HR PLATES (0070) (40x1870x6740) 56676.69882 23.74
HR PLATES (0110) (40x2000x6000) 56706.31593 11.3
40 CHENNAI June ‘10
NORTH KOREA HR PLATES (40x2500x12000) 34624.49352 471
ROMANIA HR PLATES (40x1500x13200) 37067.95947 124.34
29496.56548 67.2
SOUTH KOREA HR PLATES (40x2500x12000) 29677.96146 48
29677.96159 76.8
NORTH KOREA HR PLATES (45x2500x12000) 35109.02252 148.34
CHENNAI June ‘10
SOUTH KOREA HR PLATES (45x2500x12000) 29496.56574 32.4
45
NA PLATES (45x1500x6000) 41232.91916 9.537
MUMBAI 6/14/2010 GERMANY
NA PLATES (45x2580x7000) 41232.91915 76.56
JAPAN HR PLATES (0120) (50x2000x6000) 56686.25053 4.71
HR PLATES (50x2500x12000) 35105.0946 58.88
50 CHENNAI June ‘10 NORTH KOREA
HR PLATES (50x2500x6300) 36555.86615 24.73
SOUTH KOREA HR PLATES (50x2500x7200) 27574.92427 14.13
CHENNAI June ‘10 NORTH KOREA HR PLATES (56x2500x8000) 35102.75246 26.38
56 NA PLATES (56x2100x8400) 41232.91941 15.51
MUMBAI 6/14/2010 GERMANY
NA PLATES (56x2500x9500) 41232.91926 10.441
NORTH KOREA HR PLATES (60x2500x8000) 35108.07573 28.26
CHENNAI June ‘10
60 ROMANIA HR PLATES (60x2500x7000) 36199.02238 148.37
MUMBAI 6/3/2010 FINLAND HR PLATES (ASTM A) (060.00x14.30) 35532.53033 16.65
35108.07582 49.46
NORTH KOREA HR PLATES (63x2500x8000)
CHENNAI June ‘10 35108.07589 20.16
SOUTH KOREA HR PLATES (63x1500x12000) 29506.50787 8.9
63 NA PLATES (63x1650x6200) 41232.91955 5.059
NA PLATES (63x2500x11000) 41232.91912 13.6
MUMBAI 6/14/2010 GERMANY
NA PLATES (63x2500x7400) 41232.91944 9.149
NA PLATES (63x2500x9600) 41232.91937 11.869
CHENNAI June ‘10 ROMANIA HR PLATES (65x2500x7000) 36198.37522 330.37
NA PLATES (65x1600x5125) 41232.91906 25.104
65 41232.91921 144.7
MUMBAI 6/14/2010 GERMANY NA PLATES (65x2500x5125)
41239.67322 12.21
NA PLATES (65x2500x6700) 41232.91915 34.188
35108.07585 88.2
NORTH KOREA HR PLATES (70x2500x6300)
CHENNAI June ‘10 35109.26895 147.13
SOUTH KOREA HR PLATES (70x1500x12000) 29493.88364 11
70 HR PLATES (MATERIALS 05) (2500x6500x70) 50992.31319 9.1
HR PLATES (MATERIALS 9A) (2000x10000x70) 44895.25518 56
MUMBAI 6/1/2010 GERMANY
HR PLATES (MATERIALS 9A) (2000x11000x70) 44895.25487 12.32
HR PLATES (MATERIALS 9A) (2500x10000x70) 44895.25524 42
75 CHENNAI June ‘10 NORTH KOREA HR PLATES (75x2500x6300) 35104.29057 37.1
NORTH KOREA HR PLATES (80x2500x6300) 35111.62563 39.56
CHENNAI June ‘10 27565.80826 6.05
80 SOUTH KOREA HR PLATES (80x2500x7200)
27584.68584 11.3
MUMBAI 6/1/2010 GERMANY HR PLATES (MATERIALS 9A) (1700x6500x80) 44895.25452 7.072
85 CHENNAI June ‘10 NORTH KOREA HR PLATES (85x2500x6300) 36269.44041 94.57
90 MUMBAI 6/14/2010 GERMANY NA PLATES (90x2100x4200) 41232.91927 6.231

India Steel Market Watch 98 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
90 MUMBAI 6/14/2010 GERMANY NA PLATES (90x2500x4930) 41232.91915 43.54
NA PLATES (95x2400x4800) 41232.91933 25.773
NA PLATES (95x2500x5100) 41232.91965 9.508
95 MUMBAI 6/14/2010 GERMANY NA PLATES (95x2500x5430) 41232.91925 91.116
NA PLATES (95x2500x6100) 41232.91919 22.746
NA PLATES (95x2500x6250) 41232.91924 23.304
CHENNAI June ‘10 SOUTH KOREA HR PLATES (100x1500x6300) 29488.61456 7.42
NA PLATES (100x2300x4600) 41232.91913 49.83
100
MUMBAI 6/14/2010 GERMANY NA PLATES (100x2500x5000) 41232.9192 176.634
NA PLATES (100x2500x5500) 41232.91921 53.97
NORTH KOREA HR PLATES (115x1500x7600) 36268.6734 308.76
27574.92442 40.62
115 CHENNAI June ‘10
SOUTH KOREA HR PLATES (115x1500x7500) 29496.56557 62.22
29677.96161 10.16
NORTH KOREA HR PLATES (130x1500x6300) 36268.33132 106.03
130 CHENNAI June ‘10
SOUTH KOREA HR PLATES (130x1500x6300) 29493.50588 28.92
31433.90197 2601.09
6/12/2010 CHINA PRIME HR (NA) (STE 06) (2.0-3.0x1020-12)
31433.90197 2586.66
2.0-3.0 MUMBAI
6/17/2010 CHINA PRIME HR (NA) (STE 06) (2.0-3.0x1020-12) 34823.10393 2568.24
6/28/2010 CHINA PRIME HR SHEETS (2.0-3.0x1020-1270x) 34823.10378 2545.27
6/24/2010 CHINA PRIME HR (NA) (01 SS400) (SIZE 3.00-16.00) 30213.20691 5068.93
3.00-16 MUMBAI 30214.21689 4631
6/29/2010 CHINA PRIME HR (NA) (SS400) (SIZE:3.00-16.00x125)
30214.2169 372.84
3.0-8.0 MUMBAI 6/16/2010 CHINA PRIME MS HRC (3.0-8.0x1250-1500) 33385.16108 790.74
6/9/2010 CHINA PRIME HR (NA) (2004, SS400) (SIZE:3.00-12) 31290.0875 5025.86
3-12 MUMBAI 6/15/2010 CHINA PRIME HR (NA) (G3101 SS400) (SIZE: 3-12x1) 30840.725 5587.67
6/16/2010 CHINA PRIME MS HRC (THK 3.0-12.0x1250-15) 30866.56162 1276.12
GRTO 30247.63357 76.85
MUMBAI 6/1/2010 UKRAINE HR PLATES (GR TO 30.00x2500x12000)
30.00 30247.63358 4931.605
39396.06022 18.232
AUSTRIA HR (NA) SHEET
39396.06116 3.859
BELGIUM HR PLATES 26095.49255 27.51
30440.84838 24.93
30444.29015 45.7
30446.1657 192.88
30446.3172 190.95
30447.21949 115.13
HR PLATES (GR Q345B STANDARD GB1591 EQUILANT)
30447.27169 96.14
CHINA
30447.47584 116.91
30448.50979 58.75
(blank) CHENNAI June ‘10 30448.94107 45.99
30450.21271 46.73
HR SHEET IN CUT LENGTH NO OILING (Q345B)
47124.60816 96.34
(SIZE:6MM)
GERMANY HR (NA) SHEET 20001.88632 27.71
37551.24449 78.04
SOUTH KOREA PRIME HRC P&O 37551.24453 80.93
38807.78548 104.28
SWEDEN HR (NA) SHEETS [SECONDS] 27163.13568 65.3
34288.34641 69.34
UK WFB PLATES (ASTM A537/A537M-2008 CLASS1 1) 34288.49994 90.03
34288.64579 79.84

India Steel Market Watch 99 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
WFB PLATES (ASTM A537/A537M-2008 CLASS1 74) 34253.85342 3.07
34282.46253 14.01
WFB PLATES (ASTM A537/A537M-2008 CLASS1101)
34290.23622 35.73
34286.28605 64.01
34287.35744 57.24
WFB PLATES (ASTM A537/A537M-2008 CLASS1105)
34288.34641 138.68
CHENNAI June ‘10 UK
34288.44346 63.14
WFB PLATES (ASTM A537/A537M-2008 CLASS1531) 34297.66917 6.65
WFB PLATES (ASTM A537/A537M-2008 CLASS1629) 34287.35882 1.7
WFB PLATES (ASTM A537/A537M-2008 CLASS1653) 34301.85624 4.73
WFB PLATES (ASTM A537/A537M-2008 CLASS1C) 34287.35642 4.91
WFB PLATES (ASTMA537/A537M-2008 CLASS 1 53) 34289.35521 51.49
33330.83743 905.004
33330.83747 154
COCHIN 6/10/2010 CHINA PRIME HR PLATES
33330.83951 3.776
45643.85315 185.695
CHINA HRC (NA) 0 0.27
CZECH 24677.07902 82
HR PLATES (OVER R 52)
REPUBLIC 24677.07904 1470.637
HR (NA) PLATES (0-3000x9100-14320) 25368.67503 106.953
HR (NA) PLATES (1660-3000x10810-15700) 25368.67499 840.637
HR (NA) PLATES (x14420) 26980.33208 51.705
HR (NA) PLATES(00x12000-15000) 25368.67498 106.353
HR (NA) PLATES(1660-3000x12000-14320) 25368.675 771.61
HR (NA) PLATES(-3000x10810-11160) 25965.58498 196.964
HR (NA) PLATES(-3000x10810-14320) 25308.98399 199.21
HR (NA) PLATES(60-3000x10810-14320) 25368.67499 515.032
HR (NA) PLATES(75-3000x12000-14320) 25368.675 522.498
HR (NA) PLATES(x12000) 25308.98399 51.84
6/1/2010 GERMANY
HR (NA) PLATES(x14320) 25965.585 300.72
HR CS PLATES (GR SA 516) (LENGTH 12000MM) 56720.62708 9.6
56720.62649 6.72
HR CS PLATES (GR SA 516) (LENGTH 12000MM) 56720.62649 20.16
59705.92231 9.216
MUMBAI
56123.56944 1.44
HR CS PLATES (GR SA 516) (LENGTH 6000MM) 59705.9213 2.16
59705.92188 1.92
HR CS PLATES (GR SA 516) (LENGTH 8000MM) 59705.92395 2.63
HR PLATES (SA516-60) (x5250-12000) 54654.07833 275.652
HR (NA) (GR- ASME SA516-70, X60) 30090.57931 488.012
UKRAINE HR (NA) (GR- ASTM A36, X65,S235JR) 30090.57905 477.209
HR (NA) (GR- S355J2, SS400,ST52-3) 30090.57913 483.362
JAPAN HR PLATES 70151.26769 4.946
6/2/2010 HR (NA) PLATES(1850,2000, & 2500x5850 &) 33606.64595 201.136
ROMANIA
HR (NA) PLATES(2000&2500x5500-10000) 33606.6464 362.897
29972.03477 11.446
29972.03502 19710
CHINA PRIME HRC (GR:SAE-) (1020-1265xC)
29972.03506 9780
6/3/2010 29972.03566 6.73
HR PLATES (ASTM A) (000.00x10.00) 35532.53062 24.492
FINLAND 35532.53041 40.689
HR PLATES (ASTM A) (600.00x10.00)
35532.53042 24.49

India Steel Market Watch 100 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
35532.53064 21.054
HR PLATES (ASTM A) (600.00x12.70)
35532.53135 3.828
6/3/2010 FINLAND
HR PLATES (ASTM A) (660.00x12.70) 35532.53021 19.86
HR PLATES (MATERI ADE 65/ ASME SA516 GR 70 SZ) 35799.69454 53.82
PRIME HR (NA) STE (2.00x1265, 2.75x1265, 3) 35299.66312 2983.07
CHINA
PRIME HR (NA) STE (2.0x1265,2.2x1265,2.3x1265) 34765.55547 9964.86
HR PLATES (ASME SA516 G) 34313.23885 9.42
34313.23703 3.392
34313.23751 6.783
34313.23766 5.087
34313.23779 18.84
6/4/2010 34313.23798 10.173
ROMANIA 34313.23812 11.868
HR PLATES (EN 10025-S35)
34313.23823 45.216
34313.23828 30.615
34313.23835 10.598
34313.2384 21.98
34313.23864 23.55
34313.23897 4.239
HR PLATES (GR 8x8000) 31181.77685 248.04
HR PLATES (GR x2000-2438x9000-12000) 30698.33846 4957.546
PRIME HR NA STE (2.30x1265,2.50x1265,3.00x12) 35299.66312 6906.52
PRIME HRC (1250-1500xC) 31665.21501 2542.01
UNPICKLED HRC (SIZ 1006) 32872.39935 2295.47
CHINA 32872.39935 1246.725
UNPICKLED HRC (SIZ 1006)
32872.39935 1259.57
MUMBAI 6/7/2010
UNPICKLED HRC (SIZ DE: SAE-1006) 30939.25937 4951.919
33114.04179 1258.325
UNPICKLED HRC (SIZE-1006) 33114.0418 2405.005
33114.0418 1259.405
HR PLATES (GRAD x2000-2500x9700-12000) 29592.192 253.64
UKRAINE 29007.5107 3.27
PRIME HR PLATES
29007.51103 25.834
20589.05544 0.487
HR (NA) PLATES (M TO 100MM)
20589.05646 498.853
BELGIUM
20589.05 0.6
HR (NA) PLATES (M TO 50MM)
20589.05629 747.36
6/8/2010
PQ HR (GR:JIS G3101-2004 SS400) 31615.53106 2560.54
CHINA
PRIME HRC (GR SS400) 30939.55848 1931.67
HR PLATES (A 516 GR.70) (12000MM) 31574.69567 59.229
UKRAINE
HR PLATES (A-36) (8- 5 0 MM) 29011.9604 122.067
36028.32247 845.828
36028.32248 156.105
CHINA HR SHEETS / PLAT (x12000)
36028.32248 398.207
36028.32251 136.376
69215.05003 9.194
6/9/2010 69215.05047 11.492
HR PLATES (SA 537)
69215.05064 9.577
GERMANY 69215.0509 3.831
64760.1897 5.746
HR PLATES (SA537) 64760.18985 15.802
64760.19144 2.873

India Steel Market Watch 101 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
HR PLATES (SA537) 64760.19008 51.716
39146.085 182.12
39146.085 314
39146.08502 169.536
39532.71298 191.295
39532.71299 239.076
PRIME HR PLATES (EC: JS-SM490A) 39532.71301 201.105
39532.71301 301.44
39774.35541 54.95
40015.99803 137.34
40160.98337 28.26
6/9/2010 40837.58217 7.85
REP OF KOREA
39871.01251 219.8
40257.64028 16.485
PRIME HR PLATES (EC: JS-SM490B)
40257.64048 250.068
40257.64067 19.62
37212.94514 31.788
37599.57301 63.585
PRIME HR PLATES (EC: JS-SS400) 37696.22965 11.304
38082.85801 105.948
38179.51433 3.768
37937.87332 2.826
PRIME HR PLATES (JS-SS400)
42529.08006 1.424
31568.2444 1695.49
HRC (NA)
31568.24441 1282.66
CHINA 30214.01695 0.59
MUMBAI PRIME HRC
30214.02509 2366.35
PRIME HRC (I 1250xC) 32892.93438 2347.09
6/10/2010
HR (NA) SHEETS (x3000-11800) 29737.02256 768.19
RUSSIA HR (NA) SLIT STRIPS (I -691xC) 29736.23741 833.84
HRC (NA) 29736.02611 3587.083
PRIME HR (NA) PLATES (E:T8MM-50MMXW2050MM-
UKRAINE 32219.00351 111.511
2500MM)
33036.03353 484.37
PRIME HRC (1250)
33036.03354 437.74
33036.03332 186.69
33036.03351 339.85
PRIME HRC (1250MM) 33036.03352 266.72
33036.03352 532.23
33036.03354 293.38
CHINA 33036.03352 295.97
PRIME HRC (1500)
33036.03352 198.09
6/11/2010 33036.03334 169.19
33036.03337 198.11
PRIME HRC (1500MM) 33036.03352 268.79
33036.03353 392.84
33036.03353 371.33
PRIME HRC (x1250MM) 33036.03335 311.58
HR STRIPS (GR 4x622-861)(>600MM) 29923.64281 907.31
RUSSIA 29923.64281 1187.189
HRC (GR 1040-1700xC)
29923.64281 2530
UKRAINE PRIME HR (NA) 29031.46061 152.82

India Steel Market Watch 102 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
BELGIUM PRIME HR PLATES (00x5900) 42405.93337 55.08
HRC (GR: SS 400) 29730.32502 9635
HRC (GR: SS 400) 29730.32485 5.11
PLATES (SIZE 10.00x20 S355JR) 36647.65618 199.704
PLATES (SIZE 10.0x1500 275JR) 35680.69956 200.34
CHINA 32316.31539 96.8
PRIME HRC (1250xC)
32316.31546 97
32316.31543 97.55
PRIME HRC (x1250xC) 32316.31544 89.97
32316.31549 107.39
6/14/2010 45994.48265 30.772
45994.48276 46.632
45994.4828 23.55
45994.48284 25.002
GERMANY HR (NA) PLATES (SA 516 GR 70/65/60)
45994.48301 12.505
47786.47498 7.234
47786.4753 23.08
47786.47558 35.325
ITALY HR PLATES (S355) 29862.12709 153.44
HRC (x1000, 2.5x1000) 35239.78959 1241.88
REP OF KOREA
HRC (x1150) 35723.18864 245.81
31486.0177 82.48
31486.01771 98.8
31486.01771 79.6
31486.01773 296.04
31486.01775 590.54
MUMBAI
31486.01775 197.18
PQ HR
31486.01776 231.94
CHINA 31486.01777 294.96
31486.01777 177.31
31486.01777 255.52
31486.01778 98.99
31486.01779 98.91
6/16/2010 32291.057 1942.18
PRIME HRC
32291.05714 35
PRIME MS HR (S400) (SIZE: 10.00 -12.00) 33385.13783 629.53
FRANCE WELDING PLATES 36411.5122 2.05
47988.17539 9.613
HR PLATES (SA 51)
50100.89552 1.206
47988.07643 2.355
47988.18773 16.151
HR PLATES (SA51)
GERMANY 47988.20619 29.39
47988.20856 0.748
50100.89385 2.864
HR PLATES (SA516) 50100.8944 3.589
50100.89484 12.058
HR (NA) PENSIONS AND QUALITIES (GR-S2) 24174.11176 2150.96
BELGIUM
HR (NA) PLATES SIONS & QUALITIES (GR-S235,S) 24174.11083 3.97
HR PLATES (GR:ASTM A36) 31197.53758 2534.106
6/17/2010
30457.4243 32.43
CHINA PRIME HR PLATES
30457.42431 2237.373
PRIME HRC 32291.05709 35.91

India Steel Market Watch 103 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
32291.05709 1961
50100.89453 4.371
HR PLATES (SA516 G S)
50100.89519 4.446
47988.1156 3.391
47988.20546 5.383
GERMANY
50100.88942 0.832
HR PLATES (SA516)
50100.8912 0.864
50100.89385 1.432
50100.89526 11.304
39146.08489 38.852
39146.08496 87.92
39532.71293 63.765
39532.71298 68.67
39532.71299 51.81
39532.71349 8.244
39726.02707 13.816
39774.35532 21.98
PRIME HR PLATES (EC: JS-SM490A)
40015.99802 62.784
40354.29737 15.072
40450.95435 8.477
6/18/2010
40547.61146 9.42
40837.58217 7.85
42335.76585 6.594
42432.42301 17.664
REP OF KOREA
42577.40801 7.419
39871.01251 200.175
MUMBAI
40257.64048 118.164
PRIME HR PLATES (EC: JS-SM490B)
40257.64058 10.99
40257.64118 4.905
37212.94451 7.064
37599.57302 24.732
37696.2293 4.71
PRIME HR PLATES (EC: JS-SS400) 37792.88651 5.886
38082.85797 88.29
38179.51592 2.355
38179.51699 1.884
37986.20094 65.94
PRIME HR PLATES (JS-SS400)
42529.08006 1.424
PRIME HRC (JS-SS400) 37696.22996 52.53
6/19/2010 REP OF KOREA PRIME HR (NA) ST LED (GR JS-SAPH440) 32933.10114 18.49
32291.05693 2000
32291.05693 1999
32291.05695 15.98
PRIME HRC
CHINA 32291.05716 16.97
6/21/2010
32291.05753 1982
32291.05773 15.59
PRIME HRC (1500MM) 31684.72247 2499.8
INDIA HRC 38511.31826 27.43
PRIME HRC (G Mx1500-2000xC) 28764.58479 2510.921
6/22/2010 CHINA
PRIME HRC (G x1500-2000xC) 28764.58503 2528.559
6/23/2010 GERMANY HR PLATES (S355J2) (2500x7900) 51035.80506 23.7
6/24/2010 CHINA PRIME HR PLATES 33454.7418 2997.727

India Steel Market Watch 104 July 22, 2010


Import of HR products (Coils, Plates & Strips) during June 10

Thickness Unit Price Quantity


PORTS DATES CTRY ITEM DESCRIPTION
(in mm) (Rs/tons) in tons
33696.36839 1255.596
33696.46681 777.15
33938.0927 830.382
PRIME HRC 29352.42013 942.618
PRIME HRC 29352.42006 66.11
JAPAN HR HIGH TENSILE 56533.30977 76.12
RUSSIA PQ NSP (2.00x920) 30937.53962 4569.45
34563.03228 2344.305
HRC (GR 2.2x1020, 2.5x1235,2.5x1270,2) 34563.03231 2400.523
34563.03236 2389.485
6/25/2010 CHINA 29352.41951 945.483
29352.41982 82.779
PRIME HRC
29352.42051 66.11
29352.42053 962.87
6/26/2010 CHINA HRC (GR 2.2x1020, 2.5x1235,2.5x1270,2) 34563.03229 2436.818
28778.76923 1.17
28778.76972 1883
28778.76972 1936
CHINA PRIME HRC
28778.76973 1.837
6/28/2010
28778.76995 1.504
28778.77004 1970
GERMANY PRIME HR (NA) (ER MTC) 25332.51359 2989.886
MUMBAI RUSSIA PQ NSP (GR:SAE10) (920xC) 35289.16069 10527.41
HRC (2.5MM TO 0) 28769.41347 995.094
CHINA HRC (2.5MM TO 400) 28769.41271 956.5
PRIME HRC 28769.18377 1485.333
6/29/2010 PRIME HR CS (: 3000, LENGTH: 12000) 62827.04965 9.043
PRIME HR CS (H: 2000, LENGTH: 12000) 62827.05032 18.463
FRANCE
PRIME HR CS (H: 3000 , LENGTH: 12000) 62827.04979 15.826
PRIME HR CS (H: 3000, LENGTH: 12000) 62827.05042 7.913
31654.52112 201.47
PRIME HRC (1250)
31654.52113 199.26
31654.52106 88.78
31654.52107 111.04
31654.52109 88.68
PRIME HRC (1250MM)
31654.52111 200.82
31654.52112 88.29
6/30/2010 CHINA 31654.52114 89.17
PRIME HRC (1500) 31654.52112 191.55
31654.52108 192.6
31654.52109 191.6
31654.52109 192.29
PRIME HRC (1500MM)
31654.5211 191.94
31654.5211 192.61
31654.52111 192.09
19.1 MUMBAI 6/3/2010 FINLAND HR PLATES (ASTM A) (410.00x19.10) 35532.53045 101.48
15.1 MUMBAI 6/3/2010 FINLAND HR PLATES (ASTM A) (550.00x15.10) 35532.53031 33.075
125 MUMBAI 6/1/2010 GERMANY HR PLATES (MATERIALS 9A) (2400x6500x125) 52912.26506 31.2
9.53 MUMBAI 6/3/2010 FINLAND HR PLATES (ASTM A) (210.00x9.53) 35532.53024 23.808
9 CHENNAI June ‘10 UK HR CUT LENGTHS BOILER PLATES (8200x2200x9.0) 34271.91765 2.55
Grand Total 449575.809

India Steel Market Watch 105 July 22, 2010


Different categories of stainless steel imports in June 2010
PRODUCT COUNTRY OF UNIT PRICE QTY
PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
S.S. ROUND BAR(3000MM/PEELED/POLISHED BORG
155744.97 0.89
WARNER-
GERMANY 72223099
S.S. ROUND BAR(BAR,52.00 RD,3-5M/PEELED BORG
155744.97 1.49
WERNE
224354.27 7.51
ISRAEL 72223011 S.S. BAR
246789.69 2.70
ITALY 72223019 S.S. ROUND BARS BRIGHT GROUND 190923.28 0.55
620696.76 0.80
COLD FORMED S.S. BAR DSUS440C (5.1MMX2,400MM)
620770.42 0.60
JAPAN 72222019
S.S. PROFILED BAR COLD DRAWN FINISH GRADE
675007.85 0.70
SUS304-
S.S. BAR 303 GRADE SIZE 3/8” SHAPE H LENGTH
241642.50 0.47
3685MM
S.S. BAR 303 GRADE SIZE 5/16” SHAPE H LENGTH
241642.50 0.52
3685M
S.S. BAR 303 GRADE SIZE 7” SHAPE H LENGTH 3685MM 241642.50 0.55
CHENNAI June ‘10 S.S. BAR 303 GRADE SIZE 7/16” SHAPE H LENGTH
227143.95 0.84
BAR 3685M
72221119
S.S. BAR GRADE 303 SIZE 5/16” SHAPE H LENGTH 3685 241642.50 1.07
S.S. BAR GRADE 303 SIZE 7 SHAPE H LENGTH 3685 MM 241642.50 0.54
TAIWAN
S.S. BAR GRADE 303 SIZE 7/16” SHAPE H LENGTH
227143.95 2.71
3685M
S.S. BAR GRADE 303 SIZE 9 SHAPE H LENGTH 3685MM 241642.49 0.47
S.S. BAR GRADE 303 SIZE 9/16” SHAPE H LENGTH
227143.95 0.81
2438M
225461.69 3.63
248007.86 6.97
72223011 S.S. BAR
258105.51 1.17
271141.14 1.01
281163.80 2.63
USA 72149990 S.S. BAR (VALVE PARTS) 299636.70 1.36
299636.70 1.13
S.S. BARS (SIZE: 70 18Ni10Ti20-S) 211928.48 7.97
MUMBAI 6/23/2010 GERMANY 72223099
S.S. BARS(SIZE: 70. 8Ni10Ti20-S) 211928.48 2.47
BAR Total 51.54
S.S. 201 PRIME CRC WITH 2B SURFACE AND MILL
72193410 83596.12168 27.45
EDGE SIZE: [ 0.50
72193590 S.S. CRC 430BA FINISHSIZE 0.30MMX286 83672.34 24.36
S.S. CRC GRADE 201 THICKNESS 0.4 X41 77043.42 5.04
S.S. CRC GRADE 201 THICKNESS 0.4 X43 77043.42 4.62
S.S. CRC GRADE 201 THICKNESS 0.4 X46 77043.42 4.93
S.S. CRC GRADE 201 THICKNESS 0.4 X48 77043.42 5.18
S.S. CRC GRADE 201 THICKNESS 0.4 X51 77043.42 5.11
72202029 S.S. CRC GRADE 201 THICKNESS 0.5 X33 76355.53 4.22
CRC CHENNAI June ‘10 CHINA S.S. CRC GRADE 201 THICKNESS 0.5 X40 76355.53 5.08
S.S. CRC GRADE 201 THICKNESS 0.5 X43 76355.53 4.51
S.S. CRC GRADE 201 THICKNESS 0.5 X51 76355.53 5.30
S.S. CRC GRADE 201 THICKNESS 0.6 X40 76355.53 5.01
S.S. CRC GRADE 201 THICKNESS 0.6 X43 76355.53 4.63
77706.79 4.51
S.S. CRC GRADE 201 THICKNESS 0.18 X4
77706.79 4.31
72202090 S.S. CRC GRADE 201 THICKNESS 0.32 X2 70375.96 4.10
70375.96 4.23
S.S. CRC GRADE 201 THICKNESS 0.32 X3
70375.96 4.49

India Steel Market Watch 106 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
70375.96 3.93
S.S. CRC GRADE 201 THICKNESS 0.32 X4 70375.96 5.53
S.S. CRC GRADE 201 THICKNESS 0.35 X3 83815.82 4.38
70375.96 4.43
70375.96 5.81
70375.96 6.23
75209.05 4.54
75209.05 2.83
S.S. CRC GRADE 201 THICKNESS 0.35 X4
75209.05 4.79
83815.82 5.61
83815.82 4.93
83815.82 4.70
83815.82 2.36
70375.96 6.88
S.S. CRC GRADE 201 THICKNESS 0.35 X5
83815.82 5.56
73833.27 4.56
S.S. CRC GRADE 201 THICKNESS 0.40 X4 73833.27 5.45
73833.27 4.61
CHINA 72202090
68421.07 2.28
68421.07 6.14
68421.07 5.90
S.S. CRC GRADE 201 THICKNESS 0.40 X5 68421.07 4.28
74774.46 5.99
74774.46 5.56
74774.46 3.49
S.S. CRC GRADE 201 THICKNESS 0.48 X5 68421.07 6.72
CRC CHENNAI June ‘10
74041.38 5.39
S.S. CRC GRADE 201 THICKNESS 0.50 X5
74041.38 5.77
85526.34 2.85
S.S. CRC GRADE 201A THICKNESS 0.40X 85526.34 4.94
85526.34 5.61
85526.34 5.32
85526.34 3.11
S.S. CRC GRADE 201A THICKNESS 0.48X
85526.34 3.05
85526.34 2.07
S.S. CRC GRADE:SUH409L/2DSIZE: 2.00 80267.73 2.04
S.S. COILS AISI 304L CR BRUSHED DB SIZE:0. 138219.51 1.12
138219.50 0.40
S.S. COILS AISI 304L CR POLISHED 4N SIZE:1
138219.50 0.69
138219.50 0.51
138219.51 5.33
S.S. CR FINISH COILS AISI 304 2B SIZE: 0.8
138219.52 0.29
160450.62 2.47
FINLAND 72193410
138219.51 3.16
S.S. CR FINISH COILS AISI 304 2B SIZE: 0.9
138219.51 1.11
S.S. CR FINISH COILS AISI 304 2B SIZE: 1.0 138219.51 0.29
S.S. CR FINISH COILS AISI 304 2B SIZE: 1.2 160450.62 2.85
S.S. CR FINISH SHEET AISI 304 2B SIZE: 1. 162867.04 1.34
S.S. CR FINISH SHEET AISI 304L 2B SIZE:1. 162867.05 0.47
S.S. CRC AISI 304 POLISHED 4N SIZE:1. 138219.5 0.36
HONG KONG 72251990 S.S. CRC GRADE 304 SIZE : 0.31 X 1219UP X C 132443.65 21.25
JAPAN 72202090 S.S. CRC JFE 432LTM, KD FINI 100532.30 4.43

India Steel Market Watch 107 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
100551.39 19.11
JAPAN 72202090
100604.54 14.99
80225.31 1.24
S.S. CRC AISI 409L 2B FINISHSIZE: 0.
80225.31 1.32
72492.75 20.28
S.S. CRC AISI 409L 2B FINISHSIZE: 1 72492.75 9.14
72492.75 6.48
72492.75 12.04
S.S. CRC AISI 409L 2B FINISHSIZE: 1. 72492.75 13.90
MALAYSIA 72202090 72492.75 9.85
72492.75 9.54
S.S. CRC AISI 409L, 2D FINISHSIZE:1
72492.75 8.93
86024.73 7.19
S.S. CRC AISI 439L, 2B FINISHSIZE: 86024.73 9.17
86024.73 7.08
70076.32 3.14
S.S. CRC AISI-409L, 2B FINISH SIZE:
70076.33 9.66
NETHERLANDS 72210090 S.S. CRC -(ART NO .4840 , BD 1,50 X1 173103.90 22.41
92307.43 17.50
S.S. CRC 2D FINISH SLIT EDGEPOS439 92307.43 17.52
92307.43 12.76
76828.41 16.58
S.S. CRC 2D FINISH SLIT EDGESUH409
77307.94 17.51
S.S. CRC 2D FINISH SLITEDGE SUH409 76842.31 16.84
72193390 S.S. CRC 2D FINISH SLITEDGE SUS430 105806.26 15.96
SOUTH KOREA S.S. CRC POS439 2D FINISHSLIT EDGE 92307.44 11.42
CRC CHENNAI June ‘10
76836.78 27.78
S.S. CRC SUH 409L 2DFINISH SLIT E 76843.68 112.31
76850.29 19.28
76846.91 16.72
S.S. CRC SUH409L2D FINISH SLIT EDG
76846.96 49.58
S.S. CR IN COILS 2D FINISH SLIT EDGESUH40 85038.46 17.27
72193490
S.S. CRC 2D FINISH SLIT EDGESUH409 76842.31 8.89
SWEDEN 72193410 S.S. CRC FINISH 2B 2000MM X 3000MM X 148517.97 23.52
94131.94 3.47
94240.57 2.65
94394.56 3.06
95105.21 4.67
96721.87 2.98
116035.17 2.48
72199013 S.S. CRC GRADE 304, YU1 AND YU4 2B 116188.38 1.74
119801.53 4.51
123432.06 3.17
TAIWAN
154056.38 0.78
154582.47 4.50
154859.48 2.97
155142.16 1.26
S.S. CRC AISI 304 GRADE 0.6MMX124MMX 176622.19 2.72
S.S. CRC AISI 304 GRADE 0.6MMX130MMX 176943.73 5.76
72209090 S.S. CRC AISI 304 GRADE 0.6MMX150MMX 176925.14 8.26
S.S. CRC AISI 304 GRADE 0.8MMX121MMX 175432.46 5.99
S.S. CRC AISI 304 GRADE 0.8MMX159.4M 175594.89 3.24

India Steel Market Watch 108 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
175453.55 16.63
S.S. CRC AISI 304 GRADE 0.8MMX205MMX
182216.72 19.94
S.S. CRC AISI 304 GRADE 0.8MMX83MMXC 175623.66 3.67
S.S. CRC AISI 304 GRADE 1.0MMX101MMX 174196.08 3.26
CHENNAI June ‘10
174293.28 2.24
S.S. CRC AISI 304 GRADE 1.0MMX120MMX
180931.17 1.98
S.S. CRC AISI 304 GRADE 1.2MMX245MMX 172714.36 4.75
S.S. CRC AISI 304 GRADE 1.2MMX257MMX 172360.21 5.00
73345.73364 2.14
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1045xC 73345.73492 4.78
73345.73626 6.37
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1050xC 73224.82269 50.05
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1071xC 67711.19627 13.19
73224.82245 19.60
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1101xC 73224.82297 12.71
73224.82334 3.74
73224.82246 15.94
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1171xC
73224.82248 13.04
REPUBLIC OF
6/16/2010 72193390 S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1197xC 73345.73567 16.37
KOREA
73224.82274 33.65
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1210xC
73224.82432 2.96
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1233xC 67953.02238 37.53
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1236xC 67953.0223 19.15
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.2x1068xC 73224.8229 16.91
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 73224.82253 2.93
1.2x1084.5xC 73224.8227 15.12
CRC
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.2x1148xC 67953.02213 17.49
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 73224.82273 48.91
1.2x1172.5xC 73224.82284 8.58
73345.73505 9.70
KANDLA S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1043xC
73345.73567 16.77
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.00X
73224.82293 14.74
1219xC
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.00X
73345.7355 34.34
1256xC
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.15X
73345.73551 16.36
1000xC
73224.82261 27.51
73224.82293 9.18
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.15X
73224.82609 1.15
1198xC
REPUBLIC OF 73345.72574 19.33
6/17/2010 72193390
KOREA 73345.73525 18.47
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.15X
73224.82267 36.63
1219xC
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.15X
73345.73543 35.88
1256xC
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.2x1025xC 73224.82361 4.25
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.2x1034xC 73224.82256 44.30
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.2x1060xC 73345.73519 16.68
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.2x1106xC 73345.73535 17.63
73224.82234 7.09
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.2x1196xC 73224.82261 31.23
73345.73526 15.19

India Steel Market Watch 109 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
73345.73563 22.62
73345.73529 25.16
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.2x1198xC 73345.7354 8.73
73345.73729 2.36
73224.82143 0.62
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.5x1000xC 73224.82337 3.68
73224.82436 2.14
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.5x1140xC 73224.82205 7.17
73345.73547 8.43
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.5x1196xC
73345.73566 17.05
72193390 S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.15X
73224.82274 32.16
1000xC
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.2x1025xC 73224.82256 28.46
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.2x1034xC 73345.73562 13.13
73224.82239 10.81
73224.82256 52.30
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.2x1198xC
73224.82276 12.72
73345.73558 33.95
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.5x1000xC 73224.82276 9.14
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.5x1140xC 73224.8223 11.09
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.5x1196xC 73345.73547 6.88
REPUBLIC OF S.S. CRC EN10088-1.4512, 2D IN MILL EDGE 1.0x1100xC 73345.74 11.58
KANDLA 6/17/2010
KOREA
73345.74 6.50
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.0x1100xC 73345.74 16.52
73345.74 30.19
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.0x1110xC 73224.82 18.04
CRC 73345.74 10.85
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.0x1204xC
73345.74 8.26
73224.82 0.22
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.0x1228xC 73224.82 15.52
73224.82 1.53
73224.81 0.21
72193490
73224.82 3.32
73224.82 3.07
73224.82 6.08
73224.82 15.55
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.0x1256xC 73224.82 19.98
73224.82 14.06
73224.82 7.80
73224.82 5.32
73224.83 0.69
73224.83 0.59
S.S. CRC EN10088-1.4512, 2D IN MILL EDGE1.0x1259xC 73224.82 18.13
106322.70 1.20
6/7/2010 ITALY 72199090 S.S. CR SE IDTH ABOVE 1251 MM)
106323.00 0.01
121546.18 10.66
6/9/2010 TAIWAN 72193190 S.S. CRC OVE 1250 MM
121546.18 8.52
REPUBLIC OF
MUMBAI 6/10/2010 72202090 S.S. CRC 1.45 MM X 495 MM X COILS 75054.16 78.31
KOREA
S.S. CRC- AS DGE : 1.0M X 1255 MM X C 164639.95 9.32
REPUBLIC OF S.S. CRC- EN : 1.2M X 1219 MM X C 74607.75 44.76
6/11/2010 72199090
KOREA S.S. CRC- EN : 1.5M X 1219 MM X C 74607.76 13.86
S.S. CRC- EN : 1.8M X 1250 MM X C 74607.75 28.72

India Steel Market Watch 110 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
89790.38 7.79
S.S. CRC- PO X 1219MM X C
89790.41 49.98
REPUBLIC OF S.S. CRC JIS E (SIZE:1.2MM X 1255 MM X COILS) 73459.32 19.77
6/14/2010 72199090
KOREA S.S. CRC JIS E (SIZE:1.2MM X 1255MM X COILS) 73459.32 40.46
S.S. CRC x 2046MM x COILS) 224727.52 3.34
BELGIUM 72199090
6/17/2010 S.S. CRC x 2059MM x COILS) 224727.52 4.12
GERMANY 72193111 S.S. CRC H ABOVE 1251 MM) 175915.74 6.69
REPUBLIC OF
72193290 S.S. PRIME CRC ST 2 SIZE(MM): 1.5X1075XC 73002.38745 17.59
KOREA
6/18/2010
122498.25 60.54
TAIWAN 72193111 S.S. CRC H ABOVE 1500MM)
122498.33 0.03
63503.65 6.45
REPUBLIC OF
6/21/2010 72193390 S.S. CRC 1.5MM X 1240MM X C) 63503.65 19.68
KOREA
63503.65 8.52
125170.81 19.24
GERMANY 72193111 S.S. CRC H ABOVE 1251MM) 178332.00 0.02
178332.17 8.04
S.S. CRC- AS DGE : 1.0M X 1255 MM X C 164639.94 9.48
6/22/2010 S.S. CRC- EN : 1.0M X 1219 MM X C 104054.36 15.81
REPUBLIC OF 74607.87 37.89
72199090 S.S. CRC- EN : 1.5M X 1219 MM X C
CRC KOREA 101104.87 16.55
S.S. CRC H, MILL EDGE, : 1.2MM X 1240MM 64711.86 49.40
S.S. CRC- PO X 1219MM X C 89790.35 7.54
74425.89 24.36
CHINA 72202090 S.S. CRC K (WIDTH BELOW 600MM)
74426.00 0.04
6/25/2010
111155.55 11.91
ITALY 72199090 S.S. CRC WIDTH ABOVE 1250 MM)
111155.55 2.08
CHINA 72202090 S.S. CRC BELOW 600MM) 52500.06 53.17
6/28/2010 REPUBLIC OF
72199090 S.S. CRC- EN : 1.9M X 1219 MM X C 74607.72 19.68
KOREA
S.S. CRC SH IZE:1.2MM X 460MM X COILS 72061.89 37.59
S.S. CRC SH IZE:1.5MM X 351MM X COILS 72061.89 77.16
6/29/2010 JAPAN 72202021
S.S. CRC SH M X 438MM X COILS 72061.89 25.82
S.S. CRC SH X 1244MM X COILS 72061.89 62.52
CRC Total 3228.06
71448.60 2.64
71448.60 6.70
71448.60 7.44
DEEP DRAW QUALITY 201 GRADE S.S. COILS 71448.60 6.33
DDQ CHENNAI June ‘10 CHINA 72202090
THICKNESS0. 71448.60 4.16
72136.48 8.91
72136.48 8.97
72136.48 4.88
DDQ Total 50.03
CHENNAI June ‘10 TAIWAN 72193520 S.S. HRC NO.1 FINISH,ASPER AISI 304 PR 141569.27 7.04
108255.84 19.97
REPUBLIC OF
72199090 S.S. HRC 108255.84 19.49
KOREA
6/7/2010 108256.00 0.01
HRC 111155.55 19.98
MUMBAI TAIWAN 72199090 S.S. HRC
111156.00 0.01
S.S. HRC 2045MM x C) 164316.90 7.58
6/17/2010 BELGIUM 72199090 S.S. HRC 1566MM x C) 224727.52 2.46
S.S. HRC 2047MM x C) 164316.90 3.71

India Steel Market Watch 111 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
S.S. HRC NO.1 F 0MMX1500.00MM (EX-STOCK LOT) 207812.55 11.16
HRC MUMBAI 6/18/2010 SINGAPORE 72191112 S.S. HRC NO.1 F MMX1524.00MM (EX-STOCK LOT) 207812.55 2.55
S.S. HRC NO.1 F MMX1536.00MM (EX-STOCK LOT) 207812.55 1.18
HRC Total 95.14
HRS MUMBAI 6/17/2010 BELGIUM 72199090 S.S. HRC 2048MM x C) 224727.53 4.36
HRS Total 4.36
68834.62 1.73
68834.63 1.03
69476.65 0.93
NON DEEP DRAW QUALITY 201 GRADE S.S. COILS
NDDQ CHENNAI June ‘10 CHINA 72202090 69476.65 1.13
THICKNE
69476.65 3.39
69476.65 4.67
69476.65 4.15
NDDQ Total 17.03
S.S. COILS, GRADE:18CRCB 0.70MM X 435.00MM 117788.83 2.74
S.S. COILS, GRADE:18CRCB 1.20MM X 232.00MM 110354.30 3.95
BELGIUM 72202090
S.S. COILS, GRADE:439UF 0.60MM X 526.00MM 109643.17 14.68
S.S. COILS, GRADE:439UF 1.00MMX168.00MM 100915.68 4.62
S.S. 201 COILS - 8K (MIRROR) 96990.04 26.13
CHINA 72210019
S.S. 201 COILS - SURFACE 2B 86361.50 26.38
S.S. COILS GRADE 304 THICKNESS 3.00 X 1250 MM 141766.13 1.72
72193220
S.S. COILS GRADE 304 THICKNESS 4.0 X 1302 MM 128335.65 1.51
S.S. COILS GRADE 304 THICKNESS 2.0 X 1298 MM 140273.85 1.42
S.S. COILS GRADE 304 THICKNESS 0.81 X 1250 MM 141766.13 1.20
S.S. COILS GRADE 304 THICKNESS 1.0 X 1044 MM 128335.65 0.95
S.S. COILS GRADE 304 THICKNESS 1.0 X 1049 MM 128335.65 1.26
S.S. COILS GRADE 304 THICKNESS 1.0 X 1050 MM 128335.65 1.15
S.S. COILS GRADE 304 THICKNESS 1.0 X 1290 MM 128335.65 1.12
S.S. COILS GRADE 304 THICKNESS 1.0 X 1292 MM 128335.65 1.50
128335.65 0.44
S.S. COILS GRADE 304 THICKNESS 1.0 X 1538 MM
128335.65 1.38
140273.85 1.38
S.S. COILS GRADE 304 THICKNESS 1.0 X 949 MM
140273.85 1.09
OTHERS CHENNAI June ‘10
S.S. COILS GRADE 304 THICKNESS 1.0 X 955 MM 140273.85 1.32
S.S. COILS GRADE 304 THICKNESS 1.13 X 1038 MM 128335.65 1.52
S.S. COILS GRADE 304 THICKNESS 1.18 X 1294 MM 128335.65 1.69
FRANCE
128335.65 1.05
72193320
S.S. COILS GRADE 304 THICKNESS 1.18 X 1295 MM 128335.65 0.91
128335.66 0.53
S.S. COILS GRADE 304 THICKNESS 1.2 X 1050 MM 128335.65 2.56
S.S. COILS GRADE 304 THICKNESS 1.20 X 1042 MM 141766.13 1.44
S.S. COILS GRADE 304 THICKNESS 1.24 X 1044 MM 141766.12 0.73
S.S. COILS GRADE 304 THICKNESS 1.24 X 1047 MM 141766.13 1.03
S.S. COILS GRADE 304 THICKNESS 1.26 X 1297 MM 141766.12 1.77
S.S. COILS GRADE 304 THICKNESS 1.40 X 1292 MM 141766.12 1.81
S.S. COILS GRADE 304 THICKNESS 1.40 X 1294 MM 141766.13 1.73
S.S. COILS GRADE 304 THICKNESS 1.42 X 1295 MM 140273.85 1.22
S.S. COILS GRADE 304 THICKNESS 1.50 X 1048 MM 140273.85 1.45
S.S. COILS GRADE 304 THICKNESS 1.50 X 1256 MM 140273.85 1.56
141766.12 1.69
S.S. COILS GRADE 304 THICKNESS 1.50 X 1269 MM
141766.13 1.67
S.S. COILS GRADE 304 THICKNESS 1.50 X 1295 MM 140273.85 1.45

India Steel Market Watch 112 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
S.S. COILS GRADE 304 THICKNESS 1.50 X 1298 MM 140273.85 1.93
S.S. COILS GRADE 304 THICKNESS 1.50 X 1500 MM 128335.65 1.58
S.S. COILS GRADE 304 THICKNESS 1.50 X 1543 MM 140273.85 2.30
S.S. COILS GRADE 304 THICKNESS 1.50 X 1544 MM 140273.85 1.86
S.S. COILS GRADE 304 THICKNESS 1.50 X 1549 MM 140273.85 1.67
72193320 141766.12 0.38
FRANCE S.S. COILS GRADE 304 THICKNESS 1.52 X 1555 MM
141766.13 0.19
140273.83 0.30
S.S. COILS GRADE 304 THICKNESS 1.85 X 1043 MM
140273.85 0.74
S.S. COILS GRADE 304 THICKNESS 2.0 X 1296 MM 141766.13 1.51
S.S. COILS GRADE 304 THICKNESS 2.0 X 1544 MM 141766.13 1.48
72202090 S.S. COILS GRADE 304 THICKNESS 4.00 X 73 MM 141766.13 0.54
S.S. COILS GRADE 304 FINISH BA [ 0.70 MM X 460 MM 166733.33 16.28
MALAYSIA 72193410
S.S. COILS GRADE 304-DDQ FINISH BA [ 0.60 MM X 49 166733.32 6.48
SOUTH KOREA 72119090 S.S. COILS (SUS304H) (0.4*46) 236906.85 0.54
S.S. COILS GRADE 304 FINISH 2B [ 0.70 MM X 1020 MM 154651.20 0.40
S.S. COILS GRADE 304 FINISH 2B [ 0.80 MM X 1217 MM 154651.20 1.97
S.S. COILS GRADE 304 FINISH 2B [ 0.80 MM X 1528 MMX 152234.78 1.35
S.S. COILS GRADE 304 FINISH 2D [ 1.00 MM X 937 MMX 152234.77 2.17
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 1016 MMX 152234.78 0.73
152234.77 0.47
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 1020 MMX
152234.78 1.26
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 1219 MMX 152234.77 2.12
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 1260 MMX 152234.77 1.10
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 1262 MMX 152234.77 1.68
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 934 MMX 154651.20 2.82
OTHERS CHENNAI June ‘10
152234.77 1.76
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 935 MMX
154651.20 4.75
152234.78 0.59
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 936 MMX
154651.19 0.67
S.S. COILS GRADE 304 FINISH BA [ 0.50 MM X 940 MMX 154651.20 0.50
S.S. COILS GRADE 304 FINISH BA [ 0.60 MM X 1017 MM 154651.20 0.86
S.S. COILS GRADE 304 FINISH BA [ 0.60 MM X 1221 MM 154651.20 0.87
SPAIN 72193410 S.S. COILS GRADE 304 FINISH BA [ 0.60 MM X 1222 MM 154651.20 0.50
S.S. COILS GRADE 304 FINISH BA [ 0.60 MM X 1224 MM 154651.19 0.35
154651.20 1.23
S.S. COILS GRADE 304 FINISH BA [ 0.60 MM X 1245 MM
154651.20 0.54
S.S. COILS GRADE 304 FINISH BA [ 0.60 MM X 937 MMX 154651.20 0.41
S.S. COILS GRADE 304 FINISH BA [ 0.60 MM X 938 MMX 154651.20 2.71
S.S. COILS GRADE 304 FINISH BA [ 0.60 MM X 940 MMX 152234.77 0.65
S.S. COILS GRADE 304 FINISH BA [ 0.65 MM X 1218 MMX 152234.77 1.03
S.S. COILS GRADE 304 FINISH BA [ 0.70 MM X 1021 MMX 152234.77 1.72
S.S. COILS GRADE 304 FINISH BA [ 0.80 MM X 1010 MMX 152234.77 0.96
S.S. COILS GRADE 304 FINISH BA [ 0.80 MM X 1200 MM 154651.20 3.42
S.S. COILS GRADE 304 FINISH BA [ 0.85 MM X 1226 MMX 152234.77 0.87
S.S. COILS GRADE 304 FINISH BA [ 0.90 MM X 1222 MMX 152234.78 0.67
S.S. COILS GRADE 304 FINISH BA [ 0.95 MM X 1272 MMX 152234.78 0.59
S.S. COILS GRADE 304 FINISH BA [ 1.50 MM X 1021 MMX 152234.78 0.58
S.S. COILS GRADE 304 FINISH SB [ 0.60 MM X 992 MMX 154651.21 0.48
S.S. COILS GRADE 304 FINISH SB [ 0.80 MM X 1263 MM 154651.20 0.71
S.S. COILS GRADE 304-DDQ FINISH 2B [ 0.50 MM X 1017 152234.77 2.29
S.S. COILS GRADE 304-DDQ FINISH 2B [ 0.70 MM X 1017 152234.77 0.43

India Steel Market Watch 113 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
S.S. COILS GRADE 304DDQ FINISH 2B [ 0.80 MM X 950M 154651.20 0.51
S.S. COILS GRADE 304-DDQ FINISH 2B [ 1.00 MM X 1526 152234.77 1.77
S.S. COILS GRADE 304DDQ FINISH BA [ 0.70 MM X 1266 154651.19 0.67
S.S. COILS GRADE 304-DDQ FINISH BA [ 0.85 MM X 1022 152234.77 2.43
S.S. COILS GRADE 304-L FINISH 2B [ 0.60 MM X 1250M 154651.20 0.69
S.S. COILS GRADE 304L FINISH 2B [ 0.60 MM X 1260 MM 152234.77 2.38
S.S. COILS GRADE 304-L FINISH 2B [ 0.60 MM X 1260M 154651.19 0.57
S.S. COILS GRADE 304-L FINISH 2B [ 0.60 MM X 1262M 154651.21 0.66
S.S. COILS GRADE 304L FINISH 2B [ 0.90 MM X 1266 MM 152234.78 1.88
S.S. COILS GRADE 304L FINISH 2B [ 0.90 MM X 1272 MM 152234.77 0.69
S.S. COILS GRADE 304L FINISH 2B [ 1.00 MM X 1250 MM 152234.78 0.55
S.S. COILS GRADE 304L FINISH 2D [ 0.60 MM X 1268 MM 152234.78 0.40
S.S. COILS GRADE 304L FINISH BA [ 0.80 MM X 1018 MM 152234.77 1.99
S.S. COILS GRADE 304L FINISH BA [ 1.00 MM X 1269 MM 152234.77 1.89
S.S. COILS GRADE 304L FINISH BA [ 1.00 MM X 1270 MM 152234.78 0.45
CHENNAI June ‘10 SPAIN 72193410 154651.19 0.62
S.S. COILS GRADE 304L FINISH NO.4 [ 0.80 MM X 1250
154651.20 0.88
S.S. COILS GRADE 304L FINISH NO.4 [ 1.00 MM X 1250M 152234.77 0.47
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1000MM 212645.40 0.69
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1013MM 212645.40 2.22
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1021MM 212645.40 2.42
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1025MM 212645.40 0.43
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1262MM 212645.40 0.42
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1266M 212645.40 0.53
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1266MM 212645.40 0.87
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1525MM 212645.40 0.78
OTHERS
S.S. COILS GRADE 316L FINISH 2B [ 0.70 MM X 1532MM 212645.39 0.56
S.S. COILS GRADE 316L FINISH BA [ 0.70 MM X 1264MM 212645.40 0.61
S.S. COILS GRADE 316L FINISH BA [ 0.80 MM X 1250MM 212645.39 0.61
S.S. COILS GRADE 316TI FINISH 2B [ 0.80 MM X 1000 212645.41 0.38
S.S. COILS GRADE 321 FINISH 2B [ 0.80 MM X 1250 MM 154651.19 0.50
6/8/2010 SPAIN 72191111 S.S. COILS, GRADE 3 LAND) 101489.85 7.77
73512.80 17.70
73512.80 15.72
73512.80 55.99
REPUBLIC OF 73512.80 44.00
6/9/2010 72202021 S.S. IN COILS SUH40
KOREA 73512.80 48.12
73512.80 67.47
73512.80 61.12
73512.80 50.81
S.S. COILS GRADE 30 1251 MM & ABOVE) 120821.33 0.03
MUMBAI S.S. COILS GRADE 30 251 MM & ABOVE) 120821.25 15.07
GERMANY 72193111
169149.75 17.79
S.S. COILS, GRADE 3 TH 1251MM & ABOVE)
6/18/2010 169150.00 0.02
111155.55 34.70
SPAIN 72193111 S.S. COILS/ SHEETS/ -STOCK (WIDTH ABOVE 1251 MM) 111155.55 13.50
111155.67 0.03
155714.43 15.82
S.S. COILS GRADE 30
72193111 155714.43 11.91
6/21/2010 GERMANY
S.S. COILS, GRADE 3 155714.43 29.92
72202090 S.S. COILS, GRADE 3 155714.43 25.56
6/24/2010 SOUTH AFRICA 72191111 S.S. COILS GRADE AI 169149.75 47.77

India Steel Market Watch 114 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
178815.45 40.07
72191111 S.S. COILS, GRADE 3 CA) 149818.35 40.41
111155.55 21.60
OTHERS MUMBAI 6/28/2010 SPAIN S.S. COILS, GRADE 3
111155.55 20.65
72193111
S.S. COILS, GRADE 3 A) 111155.55 23.67
S.S. COILS, GRADE 3 CA) 111155.55 3.73
OTHERS Total 967.12
S.S. STRIP SUS 304-3/4H 1.0MMX109MMXCOILS [P.O.
249419.49 0.22
NO:
S.S. STRIP SUS 304-3/4H 1.0MMX88.5MMXCOILS [P.O.
249419.50 0.34
NO
JAPAN 72202090 S.S. STRIP SUS304-3/4H 1.0MMX109MMXCOILS 265806.75 0.21
S.S. STRIP SUS304-3/4H 1.0MMX134 MMXCOILS 265806.74 0.51
S.S. STRIP SUS304-3/4H 1.0MMX18.5MMXCOILS 265806.76 0.14
S.S. STRIP SUS304-3/4H 1.MMX88.5MMXCOILS 265806.75 0.35
S.S. STRIP SUS304-H SIZE:0.3MMX62MMXCOILS 383594.65 0.25
MALAYSIA 72202090 S.S. STRIPS IN COILS, GRADE 304 ,0.50X590.00X0.00M 157067.63 13.40
S.S. STRIP IN COILS SUS 301 CSP-1/2H 338452.37 0.35
SIZE:0.2MMX36M 358964.64 0.30
SINGAPORE 72202090
S.S. STRIP IN COILS SUS 304 CSP FH
348211.06 0.43
0.15MMX29MMXCOILS
130486.95 4.89
S.S. STRIPS IN COILS GRADE 304 AND/OR 304L
SOUTH AFRICA 72202090 130486.95 2.95
THICKNE
130486.95 3.79
S.S. STRIPS IN COILS GRADE 304 AND/OR 304L 140152.65 9.85
SPAIN 72202090
CHENNAI June ‘10 THICKNE 140152.65 6.91
S.S. STRIP COILS - AISI304 (0.8MM THICK X 58MM WIDT 215189.07 0.50
S.S. STRIP COILS - AISI430 (0.63MM THICK X 40MM WID 115794.57 1.44
S.S. STRIP COILS - AISI430 (0.80MM THICK X 113MM WI 112812.74 0.45
STRIP
S.S. STRIP COILS - AISI430 (0.80MM THICK X 66MM WID 112812.74 1.63
S.S. STRIP COILS - AISI430 (0.80MM THICK X 83MM WID 112812.74 1.11
S.S. STRIP COILS - AISI430 (0.8MM THICK X 75MM WIDT 112812.74 3.01
72201129
S.S. STRIP COILS - AISI430 (0.8MM THICK X 93MM WIDT 112812.75 0.50
S.S. STRIP COILS - AISI430 (1.00MM THICK X 104MM WI 110327.87 0.51
TAIWAN S.S. STRIP COILS - AISI430 (1.00MM THICK X 112MM WI 110327.87 0.54
S.S. STRIP COILS - AISI430 (1.00MM THICK X 64MM WID 110327.86 0.21
S.S. STRIP COILS - AISI430 (1.0MM THICK X 47MM WIDT 110327.88 0.50
S.S. STRIP COILS - AISI430 (1.0MM THICK X 68MM WIDT 110327.88 0.44
S.S. STRIPS SUS-304BA SIZE : 0.5 MM X 30 MM X COILS 236809.66 0.58
S.S. STRIPS SUS-304BA SIZE : 0.5MM X 40 MM X COILS 236809.67 0.18
72202090 S.S. STRIPS SUS-304BA SIZE : 0.6 MM X 40 MM X COILS 236809.65 2.19
S.S. STRIPS SUS-304BA SIZE : 0.6 MM X 50 MM X COILS 236809.67 0.12
S.S. STRIPS SUS-304BA SIZE : 0.6MM X 45 MM X COILS 236809.64 0.44
S.S. STRIPS COILS, G , EX-STOCK (WIDTH BELOW
111155.55 11.71
600MM)
6/15/2010 SPAIN 72202090 S.S. STRIPS COILS, G H BELOW 600MM) (ITALY) 111155.55 0.16
S.S. STRIPS COILS, G WIDTH BELOW 600MM)
MUMBAI 111155.55 8.10
(BELGIUM)
39242.74 9.24
6/16/2010 ITALY 72202090 S.S. STRIP COILS, G H BELOW 600MM) 39242.75 0.08
112822.88 42.28
STRIP Total 130.84
6/7/2010 ITALY 72209090 S.S. CR SE 304 (WIDTH LESS THAN 600MM) 106322.70 24.57
CR MUMBAI REPUBLIC OF
6/17/2010 72193290 S.S. CR SH 12 SIZE(MM): 1.00-1.200X1071- 73002.35 101.37
KOREA

India Steel Market Watch 115 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY


PORTS DATES CTH ITEM DESCRIPTION
CATEGORY ORIGIN (inRs) (inTons)
S.S. CR SH 409L SIZE(MM): 1.00-1.200X370- 75419.65 82.73
REPUBLIC OF
6/18/2010 72193310 S.S. PRIME CR ST 2 SIZE(MM): 1.0-1.2X1071-1200X 73002.37 35.86
KOREA
57994.15 0.05
6/21/2010 CHINA 72202090 S.S. CR BELOW 600 MM)
57994.20 53.05
REPUBLIC OF
6/22/2010 72199090 S.S. CR S RFACE FINISH MILL EDGE, : 1.2M 64615.20 95.12
KOREA
S.S. CR SE 304 (WIDTH ABOVE 1251MM) 112258.18 6.84
6/23/2010 BELGIUM 72193111
S.S. CR SE GRADE 304 (WIDTH ABOVE 1251MM) 112258.18 4.69
106081.06 23.06
6/24/2010 BRAZIL 72193111 S.S. CR SE G , GRADE 304
106081.33 0.02
ITALY 72199090 S.S. CR SH D CHOICE (WIDTH ABOVE 1250 MM) 159484.05 3.88

CR MUMBAI 6/25/2010 62903.29 41.93


MEXICO 72193111 S.S. CR SE G, GRADE 202
62903.33 0.03
112500.00 0.02
BELGIUM 72193111 S.S. CR SE 304 (WIDTH ABOVE 1250MM)
112500.15 24.09
161900.00 0.01
S.S. CR SE 1250 MM GRADE 316
6/28/2010 ITALY 72193590 161900.47 3.08
S.S. CR SE WIDTH ABOVE 1250 MM GRADE 304 113571.97 18.26
101489.85 49.99
JAPAN 72193111 S.S. CR SE 304
101490.00 0.02
S.S. CR SH 304, EX-STOCK (THICKNESS ABOVE 125654.10 1.71
S.S. CR SH 304/304L, EX-STOCK (WIDTH ABOV 125654.10 17.78
6/29/2010 GERMANY 72193111
S.S. CR SH 316, EX-STOCK (THICKNESS ABOVE 178815.47 0.30
S.S. CR SH 316/316L, EX-STOCK (WIDTH ABOV 178815.45 1.89
CR Total 590.33
REPUBLIC OF 68642.47 4.96
HR MUMBAI 6/2/2010 72191300 S.S. HR IN RADE: POS410B
KOREA 68642.47 75.66
HR Total 80.62
CHINA 72189990 MELT EXTRACT S.S. FIBRE GRADE SS 304 173982.60 20.00
FRANCE 72222019 S.S. RODS Z7 CNU16.04/17-4 ANNEALED 313427.86 2.41
AVESTA 308L-SI/MVR-SI (GTAW 1.6 X1000MM) - S.S.
539129.50 0.02
ELECTROR
AVESTA 308L-SI/MVR-SI (GTAW 2.0 X1000MM) - S.S.
521531.25 0.04
ELECTROR
AVESTA 308L-SI/MVR-SI (GTAW 2.4 X1000MM) - S.S.
499166.75 0.04
ELECTROR
AVESTA 309L-SI (GTAW 1.6 X1000MM) - S.S. ELECTRO
GERMANY 72222019 ROD 668427.50 0.02

AVESTA 309L-SI (GTAW 2.0 X1000MM) - S.S. ELECTRO


651990.40 0.03
ROD
AVESTA 309L-SI (GTAW 2.4 X1000MM) - S.S. ELECTRO
629626.00 0.02
OTHERS CHENNAI June ‘10 ROD
S.S. EN 10088-3 (RM-098) 300573.57 1.61
S.S. EN 10088-3 (RM-112) 290295.55 0.47
S.S. ROLLS WITH THIN RUBBER COAT 001T/#1600
700385.40 1.59
METAKO
JAPAN 72201290
S.S. ROLLS WITH THIN RUBBER COAT 002 T/#1600
696321.69 5.23
METAK
SINGAPORE 72202090 S.S. AISI GRADE 304/304L 171566.18 27.69
SOUTH KOREA 72191190 S.S. SHOT CHRONITAL S20 471558.90 1.00
S.S. FLAT SUS-304 2D SIZE : 2.4 MM X 35 MM X 1241M 222311.07 0.16
TAIWAN 72202090
S.S. FLAT SUS-304 2D SIZE : 2.5 MM X 48 MM X 1241M 222311.10 0.16
S.S. T430 BA FINISH 77.2X.71MM PART NO.3975117 92376.28 13.24
UK 72209090
S.S. TYPE 304S31-BA FINISH 24X0.5MM -PART NO:39751 197272.89 0.20

India Steel Market Watch 116 July 22, 2010


Different categories of stainless steel imports in June 2010, Contd...

PRODUCT COUNTRY OF UNIT PRICE QTY