Billet
Billet market was almost stable during
last week in Iran, but improved a little by end of the week. Price of domestic
production billet size 150 mm increased by Rials100,000/mt to Rials13.8
million/mt ex-works including 8% VAT. Billet size 150 mm from Esfahan Steel Co
was offered at Rials13.5million/mt at IME. Imported billet was not being
offered in Anzali port due to current harsh declines.
Domestic billet size 125 mm was not being
offered due to lower production level.
Besides, there would be just another
active working week available for billet consumers in current Iranian Year (
end at 20 March), therefore they have reduced transactions level too.
Long products
Long products were down a little as debar
price declined by average Rials200,000/mt. Debar diameter 14-25 mm in Ahwas
market dropped by Rials300,000/mt to Rials15.6 million/mt ex-works including 8%
VAT. Same material from Esfahan Steel Co was down from Rials15.75 million/mt to
Rials15.50million/mt.
I-beam size 14,16 and 18 mm experienced
around Rials400,000/mt decline to Rials16.8million/mt ex-work Esfahan including
8% VAT.
Many sellers will gradually leave the
market for Iranian New Year Holidays in coming weeks, therefore downward trend
would be marginal unless lack of liquidity force mills to give big discounts to
real buyers.
Flat Products
Hot
rolled coil 2 mm thickness started the week with deals at Rials17.2million/mt
on truck in Anzali including 8% VAT, then was downward by around
Rials600,000/mt by Tuesday. With sellers avoiding new offers by Tuesday, prices
started rising to around Rials17.1million/mt by end of the week.
Limited supply level from market leader
Mobarakeh Steel Co made HRC 2.5 – 6 mm thickness stable. For thickness 6-15 mm,
as import offers were limited and demand level is also low, prices were
unchanged. In HRP market, as market
leader Oxin Co supply level has stopped currently, prices didn’t changed.
CRC market was a little downward during
last week. With new import offers in Southern Iranian ports, prices will be
downward in coming days.
HDG market was stable during the week,
but new Chinese offers by end of the week will made prices downward in near
future.
Ex-rate:
In Exchange Room : Rials 27,744/1USD
In free
market :
Rials 34,260/1USD
Iran steel service center