Steel Product Price Levels across 2011 - 2012 Current prices & historic pricing levels.

World Carbon Steel Transaction Prices

World Steel Prices Hot Rolled US $/tonne Steel Coil Hot Cold Rolled Rolled Steel Plate Steel Coil 847 887 978 1065 1160 1225 1307 1300 1243 1150 1000 901 806 716 772 890 985 1080 1144 1186 1179 1046 940 802 659 666 Steel Wire Medium Steel Rod Sections

Jan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Sep 2011 Oct 2011 Nov 2011 Dec 2011 Jan 2012

639 699 800 915 998 1073 1099 1093 973 865 716 565 575

621 687 758 852 920 1005 1067 1062 977 811 676 609 626

871 905 970 1042 1105 1184 1234 1227 1154 1045 898 780 791

All steel prices above are in US $/metric tonne. Steel price information last updated on 30th Jan 2012.

PRICE COMPARISON OF FLAT PRODUCTS(PRICES IN US$/TON)

1600

1400

1200

1000

EU 800 N.AMERICA WORLD ASIA 600

400

200

0 May-08 JUNE JULY AUG SEPT OCT NOV DEC Jan-12

COST OF PRODUCTION OF HRB(US$/METRIC TON)

USA

Europe Japan S KoreaGlobal Avg China

India

CIS

Brazil

SOURCE:TATA STEEL PRESENTATION

From the above figure it can be said that developing countries like China,India,Brazil and Other coundries of central Asia are in favourable condition to produce and export steel. in fact These countries are called BRIC(BRAZIL,RUSSIA,INDIA,CHINA) countries in business world.

PRICE OF STEEL IN INDIA April2011

(RS/TON)

ITEM P IG IR O N

KOLKATA 31825

DELHI M UMBAI 34500 36500

CHENNAI 35350

H R C O IL (2 M M )

47300

49000

48450

47850

HR CO IL(3.15M M )

44950

48000

48450

45775

CR COIL(0.63M M )

49000

52000

52000

52000

CR COIL(1.0 M M ) SOURCE:JPC 48750 51000 51000 51475