It is reported that the domestic prices of benchmark size 0.7mm HDG coils during the first 1 days of January 2009 remained more or less stable in MEA with exception of Bahrain where 6% surge is seen.
| Country | CUR | Dec | Jan | Change |
| UAE | AED | 3571 | 3550 | -1% |
| Saudi Arabia | SAR | 3611 | 3600 | 0% |
| Qatar | QAR | 3551 | 3540 | 0% |
| Kuwait | KWD | 272 | 265 | -2% |
| Bahrain | BHD | 362 | 386 | 6% |
Prices indicated are monthly average
On the other hand, the price movement during last 6 months across UAE, Saudi Arabia, Qatar, Kuwait and Bahrain during July to December 2008, shows reduction by about 20% to 40%.
| Country | CUR | Jul | Aug | Sep | Oct | Nov | Dec | Change |
| UAE | AED | 5335 | 5500 | 5500 | 5395 | 4815 | 3571 | -33% |
| Saudi Arabia | SAR | 5908 | 5793 | 5558 | 5160 | 3900 | 3611 | -39% |
| Qatar | QAR | 5786 | 5677 | 5467 | 5021 | 3839 | 3551 | -39% |
| Kuwait | KWD | 382 | 397 | 397 | 395 | 357 | 272 | -29% |
| Bahrain | BHD | 531 | 579 | 556 | 516 | 405 | 362 | -32% |
Prices indicated are monthly average
Whereas the price movement of HDG in SGCC DX 51D 140gms for 1.0x1250 since July 2008 FOB China reflects about 46% reduction.
| July | Jan | Change |
| 1140-1200 | 620-670 | -46% |
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(Sourced from www.steelprices-middleeast.com)
