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.
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.
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.
In free market: Rials 41,180 /1USD
Nov 27 ,2017
Iran Steel News Bulletin