Billet
Last week billet market was silently downward in Iran. Billet size 150 mm started the week at USD727/mt on truck in Anzali port including 4% VAT, but low demand and downward prices in long products market, made billet price drop during the week. It finished the week at USD717- 719/mt. Supply level was limited and also buying interest scarce.
At the moment billet import market is depressed, as there are limitations in importing and offer prices are high besides sections market is depressed. Import offer prices have not changed, but it’s expected to drop at least USD10/mt to USD665-670/mt cfr Anzali port in near future.
Long products
Sections market started week 27 depressed. Debar and I-beam were downward by beginning of the week, but merchant bars were up around USD5/mt. Debar price decrease till end of the week but I-beam market stabilize a little. Angle and UNP prices were stable during the week as supply level is so limited. It’s notable that angle is not being imported during recent months and UNP import level is just about 10,000 tons per month.
Isfahan Steel is controlling its I-beam supply level so its price is not volatile. Besides the mill has transacted about 100,000 tones of debar in IME last month with delivery of July- August. So if I-beam demand stays limited, a price decrease is expected as its price has picked. But in debar market competition is considerable between mills and traders. Debar price has reached the bottom but high competition of suppliers besides depressed market do not let prices increase.
Flat products
Flat products market is depressed in Iran. HDG supply level is limited for some sizes like 0.50and 0.6 mm, so its price is upward. CRC supply is limited but lack of demand made the market silent. Besides it’s likely that foreign suppliers especially Kazakhstan suppliers decline prices by USD20-50/mt in near future. Khazakhstan – origin CRC price declined around USD19/mt in Iran market and was offered at USD880/mt or lower in Anzali port including 19% custom duty and VAT.
Mobarake Steel products are available in domestic market but demand is not supporting the market. Last transactions of Mobarake steel in IME during 2 months ago will be delivered during coming 2 months, so any rise in the prices is unlikely.
HRC 2 mm thickness started the week dropping, after USD 7/mt decline reached USD 823/mt on truck in Anzali including 4% VAT. Kavian Steel and Oxin steel prices didn’t changed strictly but for some sizes dropped by USD 10/mt due to limited demand. 2.5-15 mm thickness HRC of Mobarake Steel that had been downward due to high supply level, were increased around USD10-30/mt during last week and now is like 10 days ago level.
In import market, Kazakhstan origin HDG is offered around USD980-1000/mt, CRC about USD790/mt and HRC is around USD750/mt CFR Northern ports of Iran.
Iran Steel Service Center