Billet price was stable during last week in Iran
domestic market. Khouzestan Steel Co billet was transacted at USD 375 /mt
ex-work including 9% VAT, but supply level was limited. Khorasan Steel co supply
has been unavailable around a month. Other mills billet size 150 mm was being
offered at USD 370/mt ex-work including VAT by beginning of the week and
improved by USD 1.3 /mt during the week. Billet size 125 mm stayed stable at around
USD 367 /mt. Currently Khouzestan Steel co’s billet is not available at IME
(Iran Mercantile Exchange). Seems the mill is active in export market.
Billet supply level is limited and long products
market is depressed. Due to lack of DRI in the market, improvement in billet
price is likely. DRI price has improved currently from USD 185-187.5 /mt to USD
193-195 /mt. Pellet and DRI export has made this shortage. But it’s a chance
for long products market as limited billet supply level is a benefit for long
products when it is in a depressed market. DRI supply level won’t improve at
least till end of Holy Ramadan.
Long products market experienced a calm week. Average
price of debar diameter 14-25 mm dropped by USD 4/mt to USD 405/mt ex-work
including 9% VAT. Esfahan Steel co debar dropped by USD 3 /mt to USD 426 /mt
ex-work including VAT.
I-beam price started rising especially for size 18 mm
which improved by USD 5 /mt in Esfahan market.
Market was generally quiet and demand level was
HRC 2 mm thickness experienced USD 3 /mt downward
trend during last week and reached USD 571 /mt on truck in Anzali including VAT
and custom duty. Import level has been limited currently but domestic leader
Mobarakeh Steel co products is available a lot. Besides, demand is limited in
pipe and profile market.
Size of other thicknesses up to 15 mm didn’t change significantly.
Some sizes were down up to USD 8 /mt. For thickness 15 mm or higher downward
trend was visible. Kavian co HRP was available in the market but demand is
scarce. Oxin co HRP products supply level was limited. The mill is trying to
control market but demand is in shortage and prices were down up to USD 5 /mt.
Prices won’t improve at least till end of Holy month of Ramadan.
market was downward, prices dropped by up to USD 13/mt. Just for thicknesses
0.5 and 0.60 mm were stable but it’s likely to follow market trend.
market was almost stable with Amir Kabir steel co increased its prices
by USD 13 /mt despite down ward trend in CRC and Zinc price globally.
In free market: Rials 37.320 /1USD
Steel Service Center