Steel prices in MEA weakened last week. The Middle East Long Product Price Index MLPPI decreased by 46 points whereas Middle East Flat Products Index MFPPI dipped by 25 points. The overall price index MEASPI decreased by 40 points.
| Class | 22-Oct | 29-Oct | Change | % |
| MLPPI | 3695 | 3648 | -46 | -1.3% |
| MFPPI | 5214 | 5189 | -25 | -0.5% |
| MEASPI | 4155 | 4115 | -40 | -1.0% |
MLPPI - Middle East Long Product Price Index
MFPPI - Middle East Flat Product Price Index
MEASPI - Middle East Steel Price Index
Long Products
| Category | 22-Oct | 29-Oct | Change | % |
| PI – Rebar | 3427 | 3421 | -7 | -0.2% |
| PI - WRC | 3478 | 3395 | -83 | -2.4% |
| PI - Angle | 4754 | 4774 | 20 | 0.4% |
| PI – Structural | 4598 | 4473 | -126 | -2.7% |
| PI – HEA | 4959 | 4910 | -49 | -1.0% |
PI- Product Index
Flat Products
| Category | 22-Oct | 29-Oct | Change | % |
| PI - Narrow Plates | 4886 | 4885 | -1 | 0.0% |
| PI - Wide Plates | 6490 | 6490 | 0 | 0.0% |
| PI - Hot Rolled | 4570 | 4502 | -67 | -1.5% |
| PI - Cold Rolled | 4752 | 4752 | 0 | 0.0% |
| PI - Galvanized | 5170 | 5125 | -45 | -0.9% |
PI- Product Index
The Middle East market continues in ambiguity. It was much expected that post Ramadan buyers would troop back to the market. However expectation soon faded in absence of demand.
With the advent of cheaper offers from China hopes where once again rekindled about some activity as lucrative offers would suck buyers sitting over low stock levels. However nothing seems to be spurring the market.
Not much activity is expected despite all the permutations of cheaper offers and multiplicity of suppliers as the demand fundamental remains weak and the stockiest are reluctant to replenish it as they don’t want to increase immovable.
Rebars
BS4449 Grade 460B
| Location | CUR | Change | USD |
| Dubai | AED | -15 | -4 |
| Dammam | SAR | 0 | 0 |
| Bahrain | BDR | -1 | -2 |
| Kuwait | KDW | -1 | -3 |
| Qatar | QAR | 0 | 0 |
| Jeddah | SAR | 0 | 0 |
Change is on October 29th as compared to October 22nd 2009
Change is per tonne
Wire rod
SAE 1008
| Location | CUR | Change | USD |
| Dubai | AED | -40 | -11 |
| Dammam | SAR | -50 | -13 |
| Bahrain | BDR | -6 | -15 |
| Kuwait | KDW | -3 | -11 |
| Qatar | QAR | -48 | -13 |
| Jeddah | SAR | -50 | -13 |
Change is on October 29th as compared to October 22nd 2009
Change is per tonne
Plates 3x12
S275 JR
| Location | CUR | Change | USD |
| Dubai | AED | 0 | 0 |
| Dammam | SAR | 0 | 0 |
| Bahrain | BDR | -1 | -3 |
| Kuwait | KDW | 0 | 2 |
| Jeddah | SAR | 0 | 0 |
Change is on October 29th as compared to October 22nd 2009
Change is per tonne
Turkey Export Prices
| Product | Grade | Size mm | Change |
| Billets | SAE 1008 | 125 x 125 | 0 |
| Rebars | BSt500 | 8 to 32 | 0 |
| Wire Rod | SAE 1008 | 5,5 to 16 | 0 |
Change is on October 30th as compared to October 23rd 2009
Change is in USD per tonne
Turkey Import Prices
| Product | Grade | Size mm | Change |
| Scrap | A3 | 500x500x1500 | -15 |
| Billets | 3Sp/Ps | 125x125 | -10 |
| HRC | S235JR | 3-12x1000-1500 | -10 |
| PLTS | S275JR | 10-40x2500-3000 | -20 |
Change is on October 30th as compared to October 23rd 2009
Change is in USD per tonne
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(Sourced from www.steelprices-middleeast.com)