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Saturday, March 8, 2008

Steel prices hit the roof

In an unprecedented move, Rashtriya Ispat Nigam Limited (RINL) has hiked the prices of mild steel (MS) rounds and wire rods by Rs 5,500 to Rs 7,500 per metric tonne yesterday.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
06:30 Consumer Inflation Expectations 2 4.2% 3.6%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 2 223K 219K
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Consumer Price Index ex Food & Energy (YoY) 3 3.0% 3.1%
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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