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Iran steel market Trend in Week 07th , 2021

Iran steel market Trend in Week 07th     , 2021

Billet

Billet price was almost stable during last week in Iran. Market participants expect upward trend of Asian markets after Lunar New Year Holiday in China affect Iran domestic market too. Billet average price was around USD 472 /mt ex-work including 9% VAT.

Long Products

Rebar price did not change significantly. From beginning of the week, it was expected to decrease, but higher ex-rate stabilized the market. Rebar price was around USD 520 /mt including VAT by end of the week.

I-beam market was also like rebar and didn’t change much.

Flat Products

HRC 2 mm thickness was USD 884 /mt on last Saturday and reached USD 864 /mt ex-work Esfahan including VAT by end of the week. Mobarakeh Steel co HRC 3 to 15 mm thickness was around USD 775 /mt  as the mill was controlling supply level. Its base price at IME was announced at USD 695 /mt, and made market stable.

Oxin co HRP market inventory was limited with its price changed from USD 744 /mt to USD 854 /mt by end of the week.

As Oxin co HRP supply level was limited Kavian co HRP demand increased with its price improved by USD 8 /mt to USD 719 /mt ex-work including VAT.

CRC market was quiet and stable as demand is quiet by end of the year in Iran. Its price declined from USD 1113 /mt to USD 1103/mt. HDG price increased by middle of the week as HRC price increased and ex-rate improved from USD1059/mt to USD1088/mt but moved back to USD1080 /mt by end of the week.  

CBI weekly average ex-rate for Steel Products (SANA): Rials 248,910 USD

22 Feb 2021

 

Feb 22, 2021 18:12
Number of visit : 727

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