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Home > India Steel Price Index                                                                                       Also see Indian Steel Price

MEPS - INDIAN STEEL PRICE INDEX - WITH INDIVIDUAL PRODUCT FORECASTS
  Index - January 2009 = 100

Based on domestic steel prices in India (Rs/tonne)

 

Copyright 2014 by MEPS International Ltd.

To view the latest pricing you are required to subscribe to our on-line subscription service. Steel price tables are updated each month with the latest reference prices/indexes (not forecasts) and include a rolling two year historical series.

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.

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.

Indian steel price forecasts are now available in our monthly PDF report Developing Markets' Steel Review.

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 endeavours to be assured that the information is correct and that our analysis is reliable.  

MEPS (INTERNATIONAL) LTD cannot be made liable for any loss resulting from the use of this data however it may arise. (See License Terms and Conditions).