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Cartelization in Steel Sector
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....artelization in Steel Sector <br>News and Press Release<br>Dated:- 20-12-2012<br><BR>Press Information Bureau Government of India Ministry of Steel 20-December-2012 16:40 IST The Minister of Steel, Shri Beni Prasad Verma has said that the prices of steel items in the domestic market have been fluctuating in accordance with the domestic market conditions, international steel prices, raw materia....
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....l prices and other inputs. A table indicating quarterly price movement in respect of HR Coil and TMT bar in the domestic market for the period from December, 2009 to November, 2012 is at Annex-I. A table indicating the quarterly price movement of critical raw materials like iron ore and coking coal for the period from December, 2009 to November, 2012 is at Annex-II. In a written reply in the Rajy....
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....a Sabha today Shri Verma said, the prices of crucial raw material, Coking Coal have increased (in rupee terms) by 7.78% and that of Iron ore by 29.56% (in rupee terms) during the last 3 years. On the other hand, prices of steel products like Hot Rolled Coil and TMT bar have increased by 38.06% and 53.54% respectively during the said period due to increase in cost of crucial raw materials, labour, ....
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....transportation and other inputs. As per information available no case of cartelization in steel sector has been reported during the last three years, the Minister said. Annex-I Retail Steel price Movement in Delhi Market during December 2009 to November 2012 Rs/tonnes Month Hot Rolled Coils 2.00mm TMT 10mm Dec. 2009 35310 32290 March 2010 36240 35100 June 2010 44660 39210 Sept. 2....
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....010 43320 36350 Dec. 2010 44840 36930 March 2011 45540 41990 June 2011 43330 43220 Sept. 2011 43210 43870 December 2011 47430 46370 March 2012 47630 47670 June 2012 49050 50280 September 2012 48840 49580 November 2012 48750 49580 Indicative price in Delhi market inclusive of transportation, taxes & duties (Source:JPC) Annex-II Price of Critical Raw Materials for Ste....
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....el During December 2009 to November 2012 Month $/Tonne * Exchange Rate Rs. Per US $ ** Rs. / Tonne *** Coking Coal Iron Ore Coking Coal Iron Ore Dec. 09 172.5 110.0 46.67 8051 5134 Mar. 10 232.5 143.0 45.59 10600 6520 Jun. 10 225.0 148.5 46.41 10442 6892 Sep. 10 202.5 145.5 46.81 9478 6810 Dec. 10 222.5 173.5 45.33 10086 7865 Mar. 11 325.0 173.5 45.25 14....
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....705 7850 Jun. 11 310.0 176.0 44.76 13876 7878 Sep. 11 302.5 186.5 47.55 14385 8869 Dec. 11 225.0 141.5 53.54 12046 7575 Mar. 12 214.5 148.5 50.38 10806 7481 June 12 223.5 137.5 55.41 12385 7619 Sept. 12 146 103.5 54.30 7928 5620 Nov. 12 158.5 121.5 54.75 8678 6652 Note: Price of Coking Coal are spot prices of hard coking coal FOB Australia Price of Iro....
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....n Ore are spot prices of 63.5% Fe Iron Ore CFR China (Source: * SBB, as provided by Economic Research Unit, Ministry of Steel; ** Economic Research Unit, Ministry of Steel *** Estimated by Economic Research Unit, Ministry of Steel) *** NSK/DB<BR> News - Press release - PIB....