Domestic steel prices in Middle East for both long and flat products crashed by almost 3% during and November 26th and November 25th 2008.
The downslide was led by rebars, for which the Product Index declined by 11.5% during November 26th and November 25th 2008.
Class | 25-Nov | 26-Nov | Change | % |
MLPPI | 4567 | 4338 | -229 | -5.0% |
MFPPI | 6567 | 6550 | -17 | -0.3% |
MEDSPI | 5173 | 5008 | -165 | -3.2% |
MLPPI – MiddleEast Long Product Price Index
MFPPI – MiddleEast Flat Product Price Index
MEASPI – MiddleEast Steel Price Index
Long products
Category | 25-Nov | 26-Nov | Change | % |
PI – Rebar | 4058 | 3590 | -468 | -11.5% |
PI - WRC | 4125 | 4125 | | 0.0% |
PI - Angle | 5925 | 5925 | | 0.0% |
PI – Structural | 6841 | 6456 | -385 | -5.6% |
PI – HEA | 7284 | 7038 | -245 | -3.4% |
Flat products
Category | 25-Nov | 26-Nov | Change | % |
PI - Narrow Plates | 6833 | 6833 | | 0.0% |
PI - Wide Plates | 6616 | 6616 | | 0.0% |
PI - Hot Rolled | 6028 | 6028 | | 0.0% |
PI - Cold Rolled | 6603 | 6467 | -137 | -2.1% |
PI - Galvanized | 6766 | 6766 | | 0.0% |