News

Iran steel market Trend in Week 47th , 2017

Billet

Iran domestic billet market passed a silent week. Average price of billet size 150 mm was USD 456.5 /mr ex-work including 9% VAT on Saturday 18 Nov and finished the week at USD 459 /mt. size 125 mm improved by USD 10 /mt to USD 459 /mt.

Actually long products market quiet sentiment affected billet market. Scarp supply shortage continued but DRI current supply level is almost equal to demand level as billet production has declined. If this trend continues, billet supply level will decline but may have no upward influence on price as long products demand is limited. Generally market participants didn’t expect any significant change in billet market in near future.

 

Long products

Average price of debar diameter 14-25 mm was stable in Esfahan market during last week at around USD 554 /mt ex-work including 9% VAT. Same production of Roohina Steel co in Dezfool discounted by USD 2 /mt by end of the week to USD 522 /mt.

Average price of I-beam 14-18 was around USD 660.5 /mt ex-work Esfahan including 9% VAT. By Wednesday some sellers were ready for USD 4 /mt discount.

Generally long products market was quiet during week 47 and is not expected to face any significant change in coming weeks.

 

Flat Products

HRC 2 mm thickness experienced around USD 2 /mt decline during last week in Iran import market to reach USD 719 /mt on truck in Anzali port  including 9% Vat AND custom duties.  In domestic market, Mobarakeh Steel co sold 15247 tones if its HRC class B at base price of USD 631 /mt ex-work excluding VAT at IME( Iran Mercantile Exchange). Average price of HRC 2.5-15 mm was almost stable in retail market at around USD 607 /mt ex-work including 9% VAT. Some sellers were looking for around USD 2 /mt increase in prices especially for thickness under 10 mm, but market sadness didn’t let it happen.

HRP thickness higher than 15 mm was upward. Kavian co product with width of 1.25 mm was in limited supply and width 1.5 mm was upward in price by around USD 17 /mt. By end of the week Oxin co stopped offering and market was talking about USD 24 /mt increase in price.

CRC market was quiet and experienced around USD 7 /mt decline by end of week 47.  HDG market was also calm with no serious fluctuation in price.

 

Ex-rate:
In free market:  Rials 41,180  /1USD

Nov 27 ,2017

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Iran Steel News Bulletin

http://www.ifnaa.ir/en/home

Nov 27, 2017 08:28
Number of visit : 196

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