average price of billet on last Monday was USD 428 /mt ex-work including 9% VAT.
By Tuesday some factors including higher ex-rate made prices at IME increase, this
affected retail market too as price reached an average of USD 452 /mt. With the
cancellation of billet transactions at IME, the price returned to USD 438 /mt ex-work
including 9% VAT on Wednesday.
main reason of higher price of billet at IME was the increase in the base
price, which is due to the increase in export price and higher currency rate.
seems that authorities’ efforts to control prices will not succeed for reasons
including lack of pellet supply, export price trend and exchange rate.
price of rebar on last Monday was USD 461/mt ex-work including VAT. With the
increase in billet price at IME, many mills increased their prices, and for
this reason, the average price reached USD 494/mt on last Tuesday, but with the
cancellation of billet deal at IME, long products market also became calm.
price of I-beam on Monday was USD 606 /mt, which reached USD 637/mt by
Wednesday with higher price at IME.
mm thickness started the week at USD 755 /mt ex-work Esfahan and USD 727 /mt
ex-work Ahwaz, but on Wednesday it experienced a relative improvement and
reached USD 797 /mt in Esfahan and USD 769 /mt in Ahwaz.
Steel co HRC thickness 3- 15 mm, which was USD 652/mt on Monday, reached USD 674
/mt until Wednesday. Lower supply level and higher ex-rate made prices upward.
Co HRP thickness 10 - 40 mm was priced at USD 660 /mt ex-work including 9% VAT
on Monday, which reached USD 665 /mt by Wednesday. On Monday, Kavian co HRP
thicknesses 15, 20, 25 mm were priced at USD 574 /mt, but increased to USD 592/mt
by Wednesday. A part of this upward trend was due to higher slab base price at
IME which rose from USD 385/mt to USD 395/mt.
0.40 to 2.5 mm was priced at an average of USD 1017 /mt on last Monday, which
rose to USD 1046 /mt ex-work
including 9% VAT by Wednesday.
price also experienced some upward trend from USD 965/mt to USD 983 /mt on
Wednesday. As zinc price in global markets improved, on Wednesday HDG market
price was not clear.
CBI weekly average ex-rate for Steel Products (SANA):
Rials 213.199 / 1USD
07 Sep 2020