News
Monday Market Monitor - Scrap (WEEK 05) - Marching southward - 08 Feb, 2010
Steel scrap prices continued to move down last week in most of the important markets. But despite lower offers, most of the buyers were hesitant in buying expecting prices to come down further.

Offers are reported to have come below USD 350 per tonne CFR for HMS 80:20 as well as shredded

FOB Rotterdam
Change
-2%
Change is on February 5th 2010 as compared to January 29th 2009

Indian domestic
LocationChange
Chennai-500
Hyderabad-1500
Kandla100
Kanpur-711
Kolkata0
Mandi-277
Mumbai200
Rudrapur-888

Change is on February 5th 2010 as compared to January 29th 2009
Change is in INR per tonne

Chinese domestic
LocationCNYUSD
Acheng00
Anyang00
Beijing00
Benxi00
Chongqing00
Dalian-20-3
Guangzhou-43-6
Hefei-21-3
Jiangyin-51-7
Jinan00
Kunming00
Laiwu00
Lanzhou00
Lingyuan00
Liupanshui00
Loudi7912
Tangshan-20-3
Tianjin00
Tonghua00
Wuhan00
Wuyang-54-8
Zhangjiagang-30-4

Change is on February 5th 2010 as compared to January 29th 2009
Change is per tonne

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(Sourced from www.steelprices-europe.com)



Today's News
Main News
0blt1 GC steel HDG price up in Delhi on February 2
0blt1 Traders suspend steel shipments from Russia to Iran
International News
0blt1 Only few spots left for Steel Scrap Summit on February 9 in Gurgaon
0blt1 Chinese domestic steel beam price remains flat on February 02
0blt1 Declining billet levels make European buyers circumspect
0blt1 Northern European Plate mills idle with cheap imports


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Price Index - MEA
  Jan-19 Jan-12
MLPPI 5065 5065 Same
MFPPI 5994 5994 Same
MEASPI 5346 5346 Same
Currency Rates
03 Feb, 2012
USD 1.0000
AUD 0.9350
BRL 1.7197
CAD 0.9992
CNY 6.3063
EUR 0.7606
GBP 0.6320
INR 48.9864
JPY 76.1995
RUB 30.2110
ZAR 7.6560
Source: http://www.xe.com
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