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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, Jun 12
20:00 EIA Natural Gas Storage Change 1 109B 108B 122B
21:00 4-Week Bill Auction 1 4.08% 4.17%
21:30 USDA WASDE Report 1
22:30 30-Year Bond Auction 1 4.844% 4.819%
Friday, Jun 13
04:00 Business NZ PMI 2 47.5 53.9
14:00 Consumer Inflation Expectations 2 3.4%
18:00 Manufacturing Sales (MoM) 1 -2.0% -1.4%
18:00 Capacity Utilization 1 79.8% 79.8%
18:00 Wholesale Sales (MoM) 1 -0.9% 0.2%
19:30 UoM 5-year Consumer Inflation Expectation 2 4.2%
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