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Steel Guru’s Steel Price Indices are barometer to track and measure steel price movements on a daily basis in India and China

They outlines overall domestic steel market price movements on a daily basis thereby facilitating steel buyers, steel makers, bankers and analyst take accurate pricing decisions.

Daily domestic price input at important locations in India and China drives these indices with their base of 10000 taken as on 1st July 2008

Region-wise sales pattern is considered to give weightage for each item. Based on this, the Price Index (PI) for each product is determined. Share of each product in total Long product and in total Flat product sales are interpolated. Thus, we arrive at the Indian/ Chinese Long Product Price Index, Indian/Chinese Flat Product Price Index. Based on the ratio of long to flat in total sales, the Indian/Chinese Steel Price Index is calculated

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