Billet: The recession in rebar market reduced billet demand and its price.
Long Products
Rebar: Lack of demand made rebar price downward.
I-beam: Supply management was the reason behind higher I-beam price.
Flat Products
HRC: The slump in demand, coupled with the supply of products that were cheap purchased, made HRC market down.
HRP: Limited supply made HRP market almost unchanged.
CRC: The slump in demand, coupled with power outages among consumers of this product, pulled CRC market down slightly.
HDG: HDG price has reached its bottom. The fluctuation of this product was only due to changes in the price of a few thicknesses, which by end of the week returned to almost the same level as the beginning of the week.
Weekly Analysis:
In the world market: Oil price has risen due to Israel's war against Iran, but this is the effect of politics on the economy. Since it is not rooted in demand, it has not affected steel price. Price of all steel products has remained almost unchanged. This situation will continue until Ukraine situation is clear. When the Russians are relieved of Ukraine, the situation of the Middle East will also be clear. After that, the market must be analyzed because while the conflict in Ukraine and the Middle East continues, Chinese are expanding their activities in Pakistan and Afghanistan, two vast and hungry markets. Price of billet, scrap and rebar was the same as last week, but non-ferrous metals had a weak downward trend.
In the domestic market: Weak demand and uncertainty about the future have stagnated the market, war conditions exacerbate this situation. Government economic management is very important in these circumstances, the government will undoubtedly work more concentrated and activities will be slower, in the current conditions long products market will be more serious than flat products and efforts should be more focused on export because the only factor affecting the market is the exchange rate. There is no possibility of a price drop because all goods have reached their bottom, but the debt problem may in some cases cause offers below the price, which does not reflect the market situation.
CBI average ex-rate for Steel Products (SANA): Rials 687.518 / 1USD
16 June 2025
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM