Billet
Billet
price was downward by beginning of last week and billet size 150 mm from import
origins dropped to Rials13.65million/mt and size 125 mm was Rials13.5
million/mt on truck in Anzali including 8% VAT. By middle of the week, sellers
stopped offering and kept waiting policy for a better market. Domestic billet
size 150 mm was around Rials13.3-13.5million/mt and size 120 mm around
Rials13.1-13.2 milion/mt exworks including 8% VAT.
As scrap price is downward and billet demand is
declining, many market participants expect downward prices continue. There are
some others which believe billet price has bottomed in Iran. Market future
trend dpends on debar demand leve in near future till year end in Iran and market leader Khouzestan steel co policy.
Generally market sentiment is deppressed.
Long products
Long
products market was deppressed and downward during last week in Iran. Debar
price started the week Rials500,000-100,000/mt down and continued dropping till
end of the week.
Market
leader Esfahan steel co offered I-beam size 14-18 mm but just sold 20% of the
supplied amount. Its debar offer also didn’t get any interest from buyers.
long products demand level is downward and
market sentiment pessimistic. Market participants expect long product prices
reach low levels of 2 years ago.
Flat Products
HRC
2 mm thickness experienced downward trend by beginning of last week and was
Rials16.3 million/mt on truck in Anzali including 8% VAT by Monday. After that
market leaders stopped offering and this made prices up by Rials100,000/mt.
Import level has declined significantly and currency allocation for import is
delaying up to 40 days, so upward trend in prices is possible. Importers have
been faced with big losses during last 2
months, so they are not interested in import purchases any more. HRC is being
offered at USD450/mt cfr northern ports, though its cost price won't be higher
than Rials16 million/mt including 8% VAT.
Other
sizes of HRC were mostly downard during last week except 3 mm thickness due to
low supply. HRP price was stable.
CRC
market continued declining and supply level is high. HDG price also decreased
around Rials100,000-300,000/mt.
Ex-rate:
In Exchange Room: Rials 34,190/1USD
In free market: Rials27,560 /1USD
Iran steel
service center