MEPS - INDIA CARBON STEEL PRICES

All prices are in Rupees per tonne

Month  Hot Rolled Coil  Hot Rolled Plate  Cold Rolled Coil  Hot Dipped Galvanised Coil  Wire Rod (Mesh)  Structural Sections and Beams  Rebar  Merchant Bar  
Apr-2016  28500  28200  30000  40000  26400  26000  24850  25600 
May-2016  29000  29500  32000  41000  25700  25100  24000  25000 
Jun-2016  28900  27800  32000  38000  23900  24300  23800  24900 
Jul-2016  28200  27800  31765  38000  23400  23200  22100  23400 
Aug-2016  27600  28000  31750  35604  22500  23000  21800  23100 
Sep-2016  28900  29000  33000  37700  24500  24700  24000  24800 
Oct-2016  31400  31000  35700  39700  24800  26800  25200  26400 
Nov-2016  31100  30900  36600  42500  24800  26800  26500  27600 
Dec-2016  34200  33500  39700  42980  26000  28300  26700  28000 
Jan-2017  37350  36200  41700  43650  28000  30000  30200  30700 
Feb-2017  35100  34000  40600  43650  26800  29300  29400  29600 
Mar-2017  Latest prices available on subscription
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Jul-2017  One year forecast updated monthly for GBP 400 per annum Buy One year forecast updated monthly for GBP 400 per annum Buy One year forecast updated monthly for GBP 400 per annum Buy One year forecast updated monthly for GBP 400 per annum Buy One year forecast updated monthly for GBP 400 per annum Buy One year forecast updated monthly for GBP 400 per annum Buy One year forecast updated monthly for GBP 400 per annum Buy One year forecast updated monthly for GBP 400 per annum Buy
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Copyright © 2017 by MEPS International Ltd.

Prices in the above table are for reference only. No data may be reprodcued in any manner whatsoever without written permission from MEPS.

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%.

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.

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 this data however it may arise.
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