Billet
Billet price was downward during week 39 in Iran. Size 150 mm price dropped by USD10/mt to USD793/mt or lower on truck in Anzali port including 4% VAT. Demand was limited generally.
Domestic 120 mm billet was USD765/mt . Lack of demand and depressed sections market is influencing billet market. Appreciation of exchange rate have supported billet market a little and made downward trend slower but any improve in billet market is unlikely in coming week.
In import market 150 mm billet was offered USD695/mt cfr Anzali which declined due to market stagnancy.
Long products
Iran long products market was downward during last week. Average debar price dropped from USD890/mt ex-warehouse in Tehran to USD882/mt or lower at the end of the week. Supply level is becoming more limited due to lower production of mills. They are adjusting their production level to demand, but lower supply didn''t attract buyers. Merchant bars prices were stable but for some sizes fluctuate around USD5/mt.
I-beam market was stable but its demand has declined apparently. Imported materials availability has increased in the market which is not just due to higher import level but mostly due to lack of demand.
Big investors in steel market have preferred going to exchange market and smaller ones are holing lowest inventories in warehouses. Accordingly, sections price won''t stay stable during coming months unless producers decline production level more and more.
Flat products
2 mm hot rolled coil was offered USD975/mt on truck in Anzali but dropped to USD952/mt by end of the week. HRC with thickness higher than 15 mm from Mobarake steel was down by USD14/mt due to lower demand and USD10/mt lower offer prices for imported material. Kavian and Oxin steel mills HRC products prices were stable due to supply shortage especially for thickness of 30 mm or higher.
HDG market was almost stable but some rumors about possible drops in market prices were heard. CRC market price was unchanged but its inventory level is dropping due to supply shortage as demand is scarce.
In import market HRC was USD795/mt, hot rolled plate about USD810/mt and CRC offered around USD810-820/mt cfr Northern ports from Kazakhstan suppliers.
Iran Steel Service Center