The steel market in Middle East was affected badly last week by the spreading fire of political unrest pushing down prices of longs visibly across all countries and containing the price hike in flats despite higher global levels.

With the wave of political unrest extending to several countries, the situation is taking a grim turn and no immediate solution is in sight. The unrest that started with Tunisia and Egypt has swept Yemen, Libya, Algeria, Bahrain and Iran etc.

This has led to erosion of some of the important destinations for Turkish and CIS steel mills producing billets and rebars forcing them to look for buyers in alternate countries thus depressing prices to some extant.

The Middle East Long Product Price Index MLPPI is gone down by 143 points last week whereas the Middle East Flat Products Index MFPPI is went up by 21 points. The overall price index Middle East MEASPI declined by 94 points.

MLPPI - Middle East Long Product Price Index
MFPPI - Middle East Flat Product Price Index
MEASPI - Middle East Steel Price Index

Long products

PI - Product Index

Flat products

PI - Product Index

W Section
A36/S275JR

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

Angles
A36/S275JR

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

Channels
A36/S275JR

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

Rebars
BS4449 Grade 460B

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

Wire Rod
SAE 1008

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

Plates 3x12
S275 JR

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

HRC

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

HDG
0.7

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

CR

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

IPE
14-16-18

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

Structural

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

HEA

Change is on Feb 24th as compared to 17th Feb 2011
Change is per tonne

www.steelprices-middleeast.com is a comprehensive service for tracking real time domestic steel prices and trends in Middle East.

The scope of service includes
1. Domestic pricing information in UAE, Saudi Arab, Qatar, Kuwait and Bahrain
2. Export levels from Turkey, Rotterdam, China, India and Black Sea

The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region

Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Average transaction levels which have settled well, based on continuous interactions with domestic mills, service centers, stockiest, traders and buyers
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site

Products covered
1. Long Products
2. Flat Products
3. FOB levels for export FOB Black Sea, China, Turkey and India

Other features

The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.

In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.

Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.

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How to subscribe
1. Register at www.steelprices-middleeast.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-middleeast.com

(Sourced from www.steelprices-middleeast.com)