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MEPS - INDIAN STEEL PRICES - Rs/metric ton

All tables and forecasts are updated monthly.

 

Copyright 2017 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 MEPS.

Note: Indian domestic steel transaction prices relate to those agreed by steelmakers and service centres for prime material in the specified products. The prices are for regular business transactions between customers and their local steel mills, negotiated during the current month for delivery in the future. Delivery charges and local taxes are not included in the quoted prices. Long term contract deals arranged in the domestic market, or agreements for lots of imported steel, are specifically excluded from our independent price evaluation.

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 MEPS Developing Markets Steel Review

Click here for product and price definitions
All price and market data is researched by MEPS staff and our local correspondents. The 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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