Steel Raw Material Prices In India

Meps world average indices for raw materials and semi finished steel are derived from prices in various countries.

Steel raw material prices in india. Indices are calculated by comparing the current price with the corresponding value in january 2012. Domestic steel prices are influenced by trends in raw material prices demand supply conditions in the market and international price trends among others. Steel is one of the world s most important materials used in construction cars and all sorts of machines and appliances. By far the biggest producer of crude steel is china followed by european union japan united states india russia and south korea.

This base value has an index number of 100. Price regulation of iron and steel was abolished on 16 january 1992. Since then steel prices have been determined by an interplay of market forces. Steelorbis is the primary information source preferred by thousands of firms for its up to date indian steel prices indian market analyses and news as it closely follows the indian iron ore flat steel billet and wire rod markets.

World raw materials semi finished steel index. India steel prices news and analysis. Costmasters consulting services operates as a research outsourcing and consulting service provider in india we have domain expertise in product cost management services including raw material price tracking spend analysis sourcing services and designing best in class procurement processes that revolves around profitability for you. Fastmarkets calculated the steel scrap shredded index import cfr nhava sheva india at 317 57 per tonne on friday down from 323 20 per tonne one week before.

Steel guru s provide prices of steel metals product including current steel prices in india steel price index steel historical data steel prices 2019 india steel price analysis 2017 steel prices 2013 2014 iron ore prices in india. The steel prices displayed in trading economics are based on over the counter otc and.