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Steel Price Index Middle East. About us We are a part of SteelGuru.com the most popular English based steel portal in world with average 40,000 page hits.

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Presentation on theme: "Steel Price Index Middle East. About us We are a part of SteelGuru.com the most popular English based steel portal in world with average 40,000 page hits."— Presentation transcript:

1 Steel Price Index Middle East

2 About us We are a part of SteelGuru.com the most popular English based steel portal in world with average 40,000 page hits per day. SteelGuru.com is ranked around 100,000 amongst the global web sites, ahead of renowned names in steel publications SteelGuru.coms e mail based daily news letter Steel Trade Today has an ever growing bank of subscribers spread over 168 countries. SteelGuru.com provides a host of other services for steel and related industry SteelGuru.com is providing steel pricing information in Middle East, India & China through separate ventures

3 Global spread Steel Trade Today

4 steelprices.com Why ……. Provide bench mark to users to compare the transaction prices What….. Provide daily prices for benchmark products in commercially vital location in Middle East Trend analysis and movements of prices Export levels from major trading countries like Ukraine and China General information related to the industry

5 Steel price indices What ….. Barometer to track and measure price movements on a daily basis. Why …. Steel prices, accounting for a major portion of the Wholesale Price Index, are a critical factor in monitoring and controlling the Inflationary pressure. Outlines the way local steel market is moving on a daily basis thereby facilitating steel buyers, bankers and analyst take accurate decisions

6 Methodology Basis …. Price Input from steelprices-middleeast.com 5 days a week 5 reference locations at UAE, Saudi Arabia, Bahrain, Kuwait & Qatar as major volumes are transacted there Base price taken on 30 th June

7 Methodology Bench mark products - Long Product Grade Bars BS 4449 Grade 460 B Rods SAE 1008 Angles A 36/275JR Structural HEA Bench mark products - Flat Product Grade Size HRC Tube 2.5 x 1250 Plates A36/SS400 8 x 1250 Plates S275 JR HRS HDG 0.70 MM CRS Commercial

8 Methodology How …. We have taken country wise sales pattern to give weight age for each item Based on this Price Index (PI) for each product is arrived at Than we have taken share of each product in total Long product sale and in Total Flat product sale. This gives us Long Product Price Index (LPPI) Flat Product Price Index (FPPI) Based on this ratio of long to flat in total sales Steel Price Index (MEASPI) is calculated

9 Movement so far…

10 Long products

11 Flat products

12 Thank you…. 704 B, Millennium Plaza, Susahnt Lok 1, Gurgaon India (P); (F);


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