Comments on: Have Flat Steel Prices Bottomed? http://blog.sbispat.com/2009/12/have-flat-steel-prices-bottomed/ Steel Industry News Sat, 31 Jul 2010 04:27:00 +0000 http://wordpress.org/?v=2.6.2 By: smehta http://blog.sbispat.com/2009/12/have-flat-steel-prices-bottomed/#comment-111 smehta Wed, 26 May 2010 12:29:41 +0000 http://blog.sbispat.com/?p=29#comment-111 Dear Mr. Maulik Mashkaria, Please excuse my extended absence on my Blog due to various reasons. Your prediction was spot on that commodity prices of H.R.Coils would rise beyond 700. Unfortunately, within 3 weeks they have reversed to 600. Personally I believe that 600 is as close to the bottom as you can get and would eventually see this settling at an average of 650 over a 12 months period with 50$ swings either way. In spite of quarterly negotiations becoming a norm, eventual price is demand driven and if demand slows down or projects are put on hold, logic of costs go out of the window. Best Regards, Sanjiv Mehta Dear Mr. Maulik Mashkaria,

Please excuse my extended absence on my Blog due to various reasons.

Your prediction was spot on that commodity prices of H.R.Coils would rise beyond 700. Unfortunately, within 3 weeks they have reversed to 600.

Personally I believe that 600 is as close to the bottom as you can get and would eventually see this settling at an average of 650 over a 12 months period with 50$ swings either way.

In spite of quarterly negotiations becoming a norm, eventual price is demand driven and if demand slows down or projects are put on hold, logic of costs go out of the window.

Best Regards,
Sanjiv Mehta

]]> By: Maulik Mashkaria http://blog.sbispat.com/2009/12/have-flat-steel-prices-bottomed/#comment-107 Maulik Mashkaria Tue, 30 Mar 2010 12:48:33 +0000 http://blog.sbispat.com/?p=29#comment-107 In the light of substantial price hikes in raw material prices; I believe that these incremental cost of approx. US$150/ton will be passed on to the consumers and steel prices will inch upwards to US$675-US$700/ton. Also, I think that quarterly negotiations of coking coal and iron ore contracts will be a new norm for the industry which will decide the volatility in steel prices going forward. Your comments please! Regards, Maulik Mashkaria +91-9820147360 In the light of substantial price hikes in raw material prices; I believe that these incremental cost of approx. US$150/ton will be passed on to the consumers and steel prices will inch upwards to US$675-US$700/ton.

Also, I think that quarterly negotiations of coking coal and iron ore contracts will be a new norm for the industry which will decide the volatility in steel prices going forward.

Your comments please!

Regards,
Maulik Mashkaria
+91-9820147360

]]> By: Diundbeisee http://blog.sbispat.com/2009/12/have-flat-steel-prices-bottomed/#comment-105 Diundbeisee Tue, 02 Mar 2010 08:09:28 +0000 http://blog.sbispat.com/?p=29#comment-105 I do think this is a most incredible website for proclaiming great wonders of Our God! I do think this is a most incredible website for proclaiming great wonders of Our God!

]]> By: Xlncinxs http://blog.sbispat.com/2009/12/have-flat-steel-prices-bottomed/#comment-104 Xlncinxs Fri, 12 Feb 2010 15:14:08 +0000 http://blog.sbispat.com/?p=29#comment-104 Hello. Its been a long time that you have commented on a forecast. If you could give your thought on prices of plates. Hello. Its been a long time that you have commented on a forecast. If you could give your thought on prices of plates.

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