MEPS - INDIAN STEEL
PURCHASING PRICE INDEX (SPPI)
January 2009 = 100
Based on MEPS Indian Average Carbon Steel
Prices (Rs/metric ton)
All price tables and forecasts are updated
Copyright © 2018
by MEPS International Ltd.
Prices in the above table are for reference only. No data may be
reproduced in any manner whatsoever without written permission from
Price indices are developed from MEPS Indian price using January
To calculate an index number, divide the selected month’s price by
the starting (base) value. Then multiply by 100. For example: Index
number = ($720 / $500) x 100 = 144. To calculate the month-on-month
percentage change, divide this month’s value by last month’s value.
Then subtract 1 and multiply by 100. For example: Percentage change
= ((120 / 110) -1) x 100 = +9%.
Flat Products - Delhi.
Long Product Prices - Mumbai.
Hot-Rolled Wide Coil - 2-3mm thickness, width over 1.1 metres.
Hot-Rolled Plates - 15-40mm thickness, width over 2.0 metres.
Cold-Rolled Coils - 0.8mm thickness, width over 1.3 metres.
Hot Dipped Galvanised Coils - 0.63-0.8mm thickness, width over 1.1
metres, coating thickness 275 gm/m2.
Wire Rod (Mesh Quality) - 8-12mm diameter.
Medium Sections and Beams - 240mm x 240mm H Beam.
Reinforcing Bar (Deformed) - 16-20mm diameter.
Merchant Bar - 50 x 50mm x 6mm equal angle.
Steel transaction prices are
also available for Brazil, Russia, India and China in
for product and price definitions
price and market data is researched by MEPS staff and our local
information in the tables, charts and commentaries have been
calculated from respondents who we consider provide accurate
intelligence on the relevant steel markets. We make our best
endeavors to be assured that the information is correct and that
our analysis is reliable.
Our predictions are based on a wide experience of steel consumption
patterns. The econometric models we have constructed take into
account raw material costs, macro-economic factors, past price
trends and the dynamics of the market. However, steel prices can be
influenced by a number of other factors. These include currency
exchange rates, trade regulations including import safeguard
measures, anti-dumping actions and other government interference in
normal trade patterns. More than one third of all steel produced is
sold outside the country of manufacture. Accordingly, changes in
market conditions in one country can impact on pricing in other
parts of the world. Consequently, these forecasts should be used
only as a guide to future tendencies. MEPS (INTERNATIONAL) LTD
cannot be made liable for any loss resulting from the use of these
price forecasts however it may arise.
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