News

Iran steel market Trend in Week 38th , 2018

Billet

Billet average price started week 38th at USD 891 /mt ex-work including 9% VAT, rose to USD 917 /mt ex-work including VAT for size 150 mm by Tuesday. Khouzestan Steel co sold its billet last Saturday at USD 817 /mt ex-work including VAT when base price at IME was USD 570/mt excluding VAT. South Kaveh Steel co also sold its billet at IME by last Sunday at USD 851/mt. Transactions were not done in a competitive condition and demand is not likely to improve in near future.

 

long products

Long products were downward from last Saturday till Tuesday. By Saturday, average price of sizes 8-32 mm in retail market was USD 1092/mt and reached USD 1084/mt by Tuesday. But at IME, Esfahan Steel co sold its debar basket at USD 875.5 /mt ex-work excluding VAT, by Sunday it reached USD 836/mt.  I-beam was sold at IME last Saturday at USD 876 /mt base price but Sunday sold at USD 794/mt. Actually debar base price at IME dropped by USD 43/mt and I-beam was down by USD 82/mt within one day. This price trend just add to market confusion and there is no conformity between prices.

Therefore, Khouzestan Steel co billet was USD 817/mt, Esfahan Steel co debar was USD 839/mt and I-beam was USD 794/mt !!!

 

Flat products

Imported HRC 2 mm thickness was USD 1357 /mt in Anzali including VAT and custom duties last Sunday. Domestic mills prices were USD 1298 /mt ex-work including VAT for Saba Steel co and USD 1238 /mt for Ahwaz Rolling and Pipe co. Prices stayed stable till Tuesday as Mobarakeh Steel co offer at IME was canceled. Average price of thickness 3-15 mm dropped from USD 993/mt to USD 971/mt  ex-work including VAT.

Oxin co HRP rose from USD 945 /mt to USD 957 /mt ex-work including VAT, when buying Oxin co HRP is not profitable for traders at the moment.

CRC market was quiet. Mobarakeh Steel co offered its CRC at USD 754/mt ex-work excluding VAT at IME, but no deal was done.

HDG market was stable. There is a large gap between retail market price and IME price. As in retail market average price is USD 1745/mt but latest sale price at IME including VAT has been USD 1119/mt. 

-----------------------------

Official Ex-rate (CBI):

Rials 42,000/1USD

Sep 24, 2018

----------------------------------------------

Iran Steel News Bulletin

Oct 3, 2018 08:16
Number of visit : 55

Comments

Sender name is required
Email is required
Characters left: 500
Comment is required

Address

Tehran- Karimkhan Boulevard- South Khordadin St.- Shahid Vafaei Vermsabadi-Alley-2

1584813451

021-83750

021-83750