It is reported that extremely weak sentiments among buyers and stockiest continued to play havoc with steel market in Middle East last week depressing the levels further.
While stockiest laden with huge high priced inventories are desperate to liquidate even by booking losses, buyers remain in cautious mode limiting their buying to minimal levels as the weak signals are emanating from global markets.
The Middle East Long Product Price Index MLPPI has gone down by 74 points last week whereas the Middle East Flat Products Index MFPPI has also dropped by 50 points. The overall price index Middle East MEASPI declined by 66 points.
| Class | 2-Feb | 9-Feb | Change | % |
| MLPPI | 5061 | 4987 | -74 | -1.5% |
| MFPPI | 5963 | 5913 | -50 | -0.8% |
| MEASPI | 5334 | 5268 | -66 | -1.2% |
MLPPI - Middle East Long Product Price Index
MFPPI - Middle East Flat Product Price Index
MEASPI - Middle East Steel Price Index
Long products
| Category | 02-Feb | 09-Feb | Change | % |
| PI – Rebar | 4890 | 4803 | -87 | -1.8% |
| PI - WRC | 4794 | 4706 | -88 | -1.8% |
| PI - Angle | 5761 | 5761 | 0 | 0.0% |
| PI – Structural | 6140 | 6140 | 0 | 0.0% |
| PI – HEA | 6205 | 6160 | -45 | -0.7% |
PI - Product Index
Flat products
| Category | 02-Feb | 09-Feb | Change | % |
| PI - Narrow Plates | 5728 | 5636 | -92 | -1.6% |
| PI - Wide Plates | 6450 | 6450 | 0 | 0.0% |
| PI - Hot Rolled | 5234 | 5185 | -49 | -0.9% |
| PI - Cold Rolled | 5991 | 5833 | -158 | -2.6% |
| PI - Galvanized | 6410 | 6410 | 0 | 0.0% |
PI - Product Index
W Section
A36/S275JR
| Location | CUR | Change | USD |
| Bahrain | BHD | 0 | 0 |
| Dammam | SAR | 0 | 0 |
| Dubai | AED | 0 | 0 |
| Jeddah | SAR | 0 | 0 |
| Kuwait | KWD | 0 | 0 |
| Qatar | QAR | 0 | 0 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
Angles
A36/S275JR
| Location | CUR | Change | USD |
| Bahrain | BHD | -3 | -8 |
| Dammam | SAR | -50 | -13 |
| Dubai | AED | -50 | -14 |
| Jeddah | SAR | -50 | -13 |
| Kuwait | KWD | -6 | -23 |
| Qatar | QAR | -50 | -14 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
Channels
A36/S275JR
| Location | CUR | Change | USD |
| Bahrain | BHD | 0 | 0 |
| Dammam | SAR | -50 | -13 |
| Dubai | AED | -50 | -14 |
| Jeddah | SAR | -50 | -13 |
| Kuwait | KWD | -4 | -15 |
| Qatar | QAR | -50 | -14 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
Rebars
BS4449 Grade 460B
| Location | CUR | Change | USD |
| Bahrain | BDR | 0 | 0 |
| Dammam | SAR | 0 | 0 |
| Dubai | AED | 0 | 0 |
| Jeddah | SAR | 0 | 0 |
| Kuwait | KDW | -1 | -4 |
| Qatar | QAR | 0 | 0 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
Wire Rod
SAE 1008
| Location | CUR | Change | USD |
| Bahrain | BDR | 0 | 0 |
| Dammam | SAR | 0 | 0 |
| Dubai | AED | 0 | 0 |
| Jeddah | SAR | 0 | 0 |
| Kuwait | KDW | -1 | -4 |
| Qatar | QAR | 0 | 0 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
Plates 3x12
S275 JR
| Location | CUR | Change | USD |
| Bahrain | BDR | 0 | 0 |
| Dammam | SAR | 0 | 0 |
| Dubai | AED | 0 | 0 |
| Jeddah | SAR | 0 | 0 |
| Kuwait | KDW | 0 | 0 |
| Qatar | QAR | 0 | 0 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
HRC
| Location | CUR | Change | USD |
| Bahrain | BDR | 0 | 0 |
| Dammam | SAR | 0 | 0 |
| Dubai | AED | 0 | 0 |
| Jeddah | SAR | 0 | 0 |
| Kuwait | KDW | 0 | 0 |
| Qatar | QAR | 0 | 0 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
CR
| Location | CUR | Change | USD |
| Bahrain | BDR | 0 | 0 |
| Dammam | SAR | 0 | 0 |
| Dubai | AED | 0 | 0 |
| Jeddah | SAR | 0 | 0 |
| Kuwait | KDW | 0 | 0 |
| Qatar | QAR | 0 | 0 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
IPE
14-16-18
| Location | CUR | Change | USD |
| Bahrain | BDR | 1 | 3 |
| Dammam | SAR | -100 | -27 |
| Dubai | AED | -100 | -27 |
| Jeddah | SAR | -100 | -27 |
| Kuwait | KDW | -5 | -19 |
| Qatar | QAR | -100 | -27 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
Structural
| Location | CUR | Change | USD |
| Bahrain | BDR | -5 | -13 |
| Dammam | SAR | -50 | -13 |
| Dubai | AED | -50 | -14 |
| Jeddah | SAR | -50 | -13 |
| Kuwait | KDW | 0 | 0 |
| Qatar | QAR | -50 | -14 |
Change is on Feb 10th as compared to 3rd Feb 2012
Change is per tonne
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