Indian spot steel prices start move up in first week of June

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BL reported that steel prices in the spot markets of Delhi, Mumbai and Chennai have gone up during the first week of June 2008.

Delhi
Product 1-Jun 9-Jun Change %
Pig Iron 34,000 34,500 500 1.5%
Rounds 43,500 44,500 1,000 2.3%
Rebar 47,300 48,300 1,000 2.1%
HRC (2mm) 46,000 47,200 1,200 2.6%
Price in INR

Mumbai
Product 1-Jun 9-Jun Change %
Pig Iron 35,000 34,800 -200 -0.6%
Rounds 44,000 43,250 -750 -1.7%
Rebar 44,250 45,900 1,650 3.7%
HRC (2mm) 44,500 44,750 250 0.6%
Price in INR

Chennai
Product 1-Jun 9-Jun Change %
Pig Iron 31,200 34,320 3,120 10.0%
Rounds 44,720 49,700 4,980 11.1%
Rebar 46,800 48,880 2,080 4.4%
HRC (2mm) 47,840 49,400 1,560 3.3%

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