The relentless slide in steel prices in Middle east continued for the second consecutive week under pressure from cheap imports offers from Ukraine and Russia and existence of old stock.
The Middle East Long Product Price Index MLPPI dipped by 51 points, whereas the Middle East Flat Products Index MFPPI crashed by 182 points. The overall price index MEASPI reduce by 90 points
Class | 19-Feb | 26-Feb | Change |
MLPPI | 4074 | 4023 | -51 |
MFPPI | 5855 | 5673 | -182 |
MEDASPI | 4614 | 4523 | -90 |
MLPPI - Middle East Long Product Price Index
MFPPI - Middle East Flat Product Price Index
MEASPI - Middle East Steel Price Index
Long products
Category | 19-Feb | 26-Feb | Change |
PI – Rebar | 3501 | 3443 | -58 |
PI - WRC | 4126 | 4126 | 0 |
PI - Angle | 5004 | 4807 | -197 |
PI – Structural | 4941 | 4941 | 0 |
PI – HEA | 5759 | 5518 | -241 |
Flat Products
Category | 19-Feb | 26-Feb | Change |
PI - Narrow Plates | 5773 | 5617 | -156 |
PI - Wide Plates | 7887 | 7885 | -2 |
PI - Hot Rolled | 4470 | 4307 | -163 |
PI - Cold Rolled | 5565 | 4860 | -705 |
PI - Galvanized | 5467 | 5353 | -114 |