Due to the market recession and ambiguity in authorities’
policies, there was no desire to buy billet in Iran domestic market, so its
price remained stable at an average of USD484/mt ex-work including VAT.
Lack of demand made rebar market quiet and prices didn’t change
significantly during the week from USD 540/mt to just USD539/mt by end of the
Market inventory level and higher supply level from Esfahan Steel co
also didn’t let I-beam market change significantly. Its average price started
the week at USD 556/mt and finished at USD 543/mt.
thickness 2 mm was traded at USD 888 /mt on last Saturday, which did not change
until the weekend. Other HRC items were at an unchanged price. HRC demand is
approaching its minimum level.
weak demand, oxin co HRP price decreased slightly from USD 1024/mt to USD 1002/mt,
but its market inventory is limited and does not allow further reductions.
HRP faced with a price improvement due to its supply control, from USD 780/mt
to USD 787/mt ex-work including VAT.
CRC experienced a slight decline from USD 1144/mt to USD 1135/mt.
Demand for this product has reached its lowest point, but its price cannot be
reduced much due to supply constraints.
market had an almost stable trend and changed from USD1138/mt to USD1134/mt by
end of the week.
weekly average ex-rate for Steel Products (SANA): Rials 235,366 USD
08 Mar 2021