Iran steel market Trend in Week 51st , 2020

Iran steel market Trend in Week 51st   , 2020


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.

Long Products

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.

Flat Products

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 mm.

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 participants.

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.

CBI weekly average ex-rate for Steel Products (SANA): Rials 256,749 USD

21 Dec 2020

Dec 21, 2020 19:24
Number of visit : 544


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