INDIAN STEEL PRICES RISE SHARPLY IN FEBRUARY

In India, steel product quotations increased dramatically in February. The price rises have been attributed to successive hikes in raw material costs.

Indian hot rolled coil domestic selling values continue to exhibit a positive tendency. The latest increase has been attributed to the expectation of firmer demand from the automotive and consumer durables sectors, as well as successive hikes in raw material costs. Shortage fears also fuelled speculative buying from distributors and end-users.

There has been a further series of announcements from the Indian platemakers, tabling more increases for February. Producers contend that the upward movement was due to restocking, combined with fears of possible increases in coking coal prices.

Indian long products producers are focused on supplying state-funded infrastructure projects. Consumption by the private sector remains subdued. At present, mill utilisation rates exceed demand levels.

@MEPS

It is absolutely fantastic to have a lovely and unprompted comment from one of our valuable clients, praising Oakley Steel and its staff. The comment especially talks about our lovely salesperson Aidi Sarabia – Well done Aidi! Keep those compliments coming

Here is the  Oakley Steel March 2011 Newsletter. You can read within this issue about: Producers trying to keep up momentum of flat steel price rise, Weight Density Update,  Stock Sale Promotion.

* The Oakley bag images are under www.oakley.com copyright

Contest rules: One entry per person, per company. The winner will be chosen at random from qualified entries. All entries must be received no later than 24 March 2011.

1. ASTM A 516 60/65/70 HIC Tested

What is it used for?

Oakley Steel’s most popular product is HIC resistant carbon steel boiler plate for use in sour service. HIC resistance is a quality which is established by the testing of carbon steel plates after rolling to see if they meet the stringent requirement of the HIC test.

First 2011 newsletter for Oakley Steel has been released.

In this issue you can find:

Our core steel products include:

	ASTM A 516		A516 to HIC		Quality Steel Plate
	ASME SA 516		SSC		Construction
	ASTM A387		Boiler Plate		HIC
	ASME SA 387		Pressure Vessel		Other Steels

Our main markets are the Asia Pacific region and the Middle East.

We have released the Oakley Steel February Newsletter. You can read about Oakley steel news updates, shipment and container vessel schedule, and much much more.