Billet price was almost unchanged during last week in Iran domestic market
due to lack of long products demand. It started the week at USD 476.4 /mt and finished
it at USD 475.5/mt ex-work including 9% VAT.
Rebar market was
quiet. Limited demand and market future ambiguities didn’t let prices improve. Rebar
price was around USD 534/mt by end of the week.
declined by USD 4/mt till end of the week to USD 539 /mt. This product was also
faced with lack of demand and didn’t change much.
Iran steel market is
in a fragile condition. Demand level has reached its bottom, so any change in the
price of long products depends on two factors; Exchange rate and supply level.
HRC 2 mm
thickness was USD 859 /mt on Saturday ex-work Esfahan, which reached USD 867 /mt
ex-work including VAT by the end of the week. Absence of some big traders
caused this upward trend.
3 to 15
mm thickness HRC also followed the same trend.
HRP was faced with a price increase. The mill has not yet made a decision to
sell its product, and this has led to a decrease in market inventory and an
increase in its price. Its price rose from USD 823/mt to USD 837/mt ex-work
HRP had a limited price increase of USD 4 /mt to USD 743 /mt, which was mostly
affected by higher ex- rate on Tuesday.
market was also quiet and just changed a little by Tuesday due to higher
ex-rate. It increased from USD 1130/mt to USD 1142/mt ex-work including VAT.
market was unchanged at around USD 1083/mt due to quiet sentiment of HRC
weekly average ex-rate for Steel Products (SANA): Rials 236,394USD