Billet
Billet market was stable during last week in Iran, due to religious holidays. Ex-rate increased and billet supply level at Anzali port declined. Holidays beside winter weather made billet transportation difficult, as a result transactions level was very limited.
Billet size 150 mm was around USD605/mt on truck in Anzali including 6% VAT during the week. Billet size 120 mm by domestic producers was offered around USD564-573/mt ex-works including 6% VAT.
Long products
Long products prices were mostly stable during last week. Just I-beam price increased due to limited supply level of domestic leader producer Esfahan Steel Co. Esfahan Steel has used this policy for selling its debar, I-beam basket at IME.
Christmas holidays in global markets made ex-rate increase in Iran and market participants hopeful about better prices, but they didn''t change. Low demand level and high supply level didn''t let prices improve. As investors are not eager to work in steel market at the moment, expecting continuous downward trend in long products market won''t be unlikely. Esfahan debar with diameter 12-25 mm has been offered at USD649 /mt ex-work excluding 6% VAT recently at IME which increases possibility of downward trend in near future.
Flat products
HRC 2 mm thickness was around USD762/mt on truck in Anzali including 6% VAT during last week in Iran. Limited supply level and higher ex-rate didn''t change prices but made transactions level improved. HRC thickness 2.5-15 mm was also in limited supply but prices stable. Hot rolled plate from Kavian Steel and Oxin Steel mills was also stable in price. Oxin Steel supply level is limited at the moment and this has made prices from Kavian Co and import market almost stable despite lack of demand. HRP from Kavian Steel was purchasable at USD2/mt lower than a week ago at USD710/mt ex-work including 6% VAT.
It should be noted that Iran CRC and HDG markets are quiet. Low supply level and lack of demand have currently stayed in these markets.
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(Ex-rate: In Exchange Room: Rials 24,792/USD)
Note: Prices have been converted from Rials to USD using exchange room rate as a base.
Iran Steel Service Center