News

Iran steel market Trend in Week 41st , 2019

Iran steel market Trend in Week 41st   , 2019

Billet

Billet price remained stable during last week in Iran. Average price of sizes 150 and 125 mm changed from USD 350/mt ex-work including 9% VAT to USD 348/mt by end of the week, which was relatively stable due to some factors including:

1- First, market quiet situation due to the religious observance of Arbaeen coming.  

2- Second, demand has reached its bottom.

3- Third, price is also at the bottom and has no more space to decline.

So the market will remain in wait and see approach until after Arbaeen (next Saturday).

 With a 25% duty rate for iron ore export from Iran, export attractiveness of the product will decrease but its impact will not be quickly reflected in the market as iron ore exporters like slab, billet and other steel products suppliers have closed sales for the next three months. Therefore, availability of pellet has been very poor and its base price has increased to about USD 98 /mt , as well as DRI being priced at USD 184 -185/mt ex-work excluding VAT.

Long Products

Price of rebar was down slowly over the past week in Iran. Average price of diameters 8 to 32 mm, which was USD 390/mt on Saturday, reached to USD 388/mt ex-work including 9% VAT on Wednesday. Such fluctuation was something natural due to upcoming Religious Holiday and market’s lack of activity. Besides, it would be noted that debar price has reached the bottom in Iran and has no more space to decline based on current billet market trend.

The average price of I-beam size 14-18, which was USD 443/mt on Saturday, reached USD 442/mt ex-work including 9% VAT on last Wednesday, with its market still under control of Isfahan Steel co.

Flat Products

Price of Mobarkeh steel co HRC 2 mm thickness in Isfahan reduced a little during last week from USD 494/mt to USD 489/mt on Wednesday and in Ahwaz, Rolling and Pipe co.’s product price fell by USD 9/mt  to reach USD 475/mt. Whatever market demand is, lower slab price has made HRC price downward.

HRC thickness of 3 to 15 mm of Mobarkeh steel co which was USD 500/mt last Saturday, increased to USD 503/mt on Wednesday.

Oxin co HRP thickness 10-40 mm, with an average price of USD 495/mt on last Saturday, reduced to USD 494/mt on Wednesday, due to transportation restrictions in Khuzestan province. However, supply of Oxin co products is gradually decreasing in the market. The problem of ST52 quality shortage is still badly felt in the market and it is unlikely to be resolved within next two weeks although we have seen limited supply of this product over the past week. Kavian co HRC thickness 12 to 25mm was offered in the market last week, with its price almost stable throughout the week. It just changed from USD 481/mt to USD 483/mt.

CRC thickness 0.40 to 2 mm of Mobarkeh Steel co products did not change significantly and rose from USD 658/mt to USD 656/mt. Supply of thicknesses over 0.90 mm was effective in reducing the price of this product.

HDG price was downward and the average price dropped from USD 730/mt to USD 713/mt. Its market is still quiet.

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

CBI weekly average ex-rate for Steel Products (SANA): Rials 107.325 / 1USD

14 Oct, 2019

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

Iran Steel News Bulletin                                                              

Oct 14, 2019 14:01
Number of visit : 87

Comments

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