During last week
billet price in Iran domestic market was downward until Monday, as global
upward trend affected Iran market sentiment too. It was believed that as global
prices are high Iran market prices should increase, but there was less competition
on the price. Only purchased volume increased compared to a week ago and
reached more than 87000 tons.
Billet sales volume in
September with a record of 436300 tons was the highest this year, while in
November it reached 225100 tons, but in December sales have increased and
reached 334514 tons.
Rebar price remained stable and did not
change significantly during last week in Iran, there is no demand in the market
and the issue of government controlling policy has stopped traders.
In November, 66,968 tons of rebar were
sold on IME, which was the lowest trading volume this year, but in December, it
has reached 21,7276 tons due to the gradual increase in IME prices, which is due
to higher export level and billet price.
I-beam market was slow like rebar.
Warehouses inventories can satisfy market limited demand. In October, 81686
tons of I-beam was traded in IME, which was the highest monthly figure, but in
November, it decreased to 20966 tons.
HRC 2 mm thickness
was USD 818 /mt on last Saturday and reached USD 841 /mt by end of the week. Mobarakeh
Steel co lower HRC quota has strengthened the market and improved prices. But
inventory levels are not impressive, especially for thickness of less than 6
HRC in June hit the
highest sales record which was 474297 tons, but in November it dropped to
154000 tons, so limited supply of this product will be intensified due to high
prices and export volume.
Oxin co HRP price was
upward. The mill is controlling prices carefully. Also, Kavian co HRP, which is
being offered cautiously, has caused a kind of reassurance for market
CRC market was in
very limited demand, so there was no serious price fluctuation.
100,368 tons of CRC
was sold in October at IME, but in December, 112,000 tons has been sold. Rising
prices in the global market is the best incentive to replace exports with
domestic supply. Lack of demand made HDG market quiet and stable.
weekly average ex-rate for Steel Products (SANA): Rials 256,749 USD