Domestic prices remained stable in most of the markets, except for Saudi Arab, which saw dip in some of the products.
In addition a sever jump is reported in HDG prices in Abu Dhabi.
The trend for the most important steel product rebar is given below, which indicates that USD 1500 levels are prevailing across the region except for Qatar, where government is subsidizing the retail prices.
Rebar
Location
Currency
17-Jul
25-Jul
Change
%
USD
Dubai
AED
5750
5750
0
0.0%
1565
Abu Dhabi
AED
5750
5750
0
0.0%
1565
Dammam
SAR
5600
5600
0
0.0%
1493
Jeddah
SAR
5600
5600
0
0.0%
1493
Bahrain
BHD
640
640
0
0.0%
1697
Iran
USD
1700
1700
0
0.0%
1700
Kuwait
KWD
408
408
0
0.0%
1535
Qatar
QAR
3250
3250
0
0.0%
893
Prices for other some other locations are as under
Dammam
Product
Grade
17 Jul
24 Jul
Change
%
USD
W section
A36/S275JR
5500
5400
-100
-1.8%
1440
Angles
A36/S275JR
5200
5000
-200
-3.8%
1333
Channels
A36/S275JR
5500
5250
-250
-4.5%
1400
Plates 2x6
A36/SS400
5600
5450
-150
-2.7%
1453
Plates 3x12
S275 JR
5800
5650
-150
-2.6%
1507
Sheets HRC
4800
5000
4900
-100
-2.0%
1307
Wire Rods
SAE 1008
6000
6000
0.0%
1600
HDG
0.70 Coils
5900
5750
-150
-2.5%
1533
CRS
Commercial
5700
5600
-100
-1.8%
1493
IPE
14-16-18
5400
5250
-150
-2.8%
1400
Structural
5400
5250
-150
-2.8%
1400
HEA
5500
5400
-100
-1.80%
1440
In SAR per tonne
Abu Dhabi
Product
Grade
17 Jul
24 Jul
Change
%
USD
W section
A36/S275JR
5200
5200
0
0.0%
1416
Angles
A36/S275JR
4800
4800
0
0.0%
1307
Channels
A36/S275JR
5000
5000
0
0.0%
1361
Plates 2x6
A36/SS400
4800
4800
0
0.0%
1307
Plates 3x12
S275 JR
5600
5600
0
0.0%
1524
Sheets HRC
4800
4700
4700
0
0.0%
1279
Wire Rods
SAE 1008
5000
5000
0
0.0%
1361
HDG
0.70 Coils
5200
5500
300
5.8%
1497
CRS
Commercial
4800
4800
0
0.0%
1307
IPE
14-16-18
4600
4600
0
0.0%
1252
Structural
4800
4800
0
0.0%
1307
HEA
5500
5500
0
0.0%
1497
In AED per tonne
But, with the weakening of import offers, the prices should be moving downwards in near future
