Billet
Billet price was upward during last week In Iran due to cold and snowy weather which influenced transportations and also gas supply at mills. Billet size 150 mm was up by USD8 /mt to USD605 /mt on truck in Anzali including 6% VAT. Domestic billet size 120 mm was also up from USD 569-577 / mt to USD 581/mt ex-work including 6% VAT at the end of the week. As there was no improvement in demand and price rises were due to cold weather, no significant deal was done.
Snowy weather made scrap supply almost impossible and gas shortage was lead to production stoppage at some mills. Khouzestan Steel Co offered billet at IME at USD16 /mt lower than last transaction at USD565 /mt and was succeeded to sell it. By end of the week as roads were open and weather condition improved prices were back to beginning of the week level. As billet demand level was scarce due to limited demand in long products market, downward prices are expected in Iran billet market in near future.
Long products
Long products prices declined slowly up to USD 4/mt during last week despite bad weather and many markets closure. These closures due to snowy weather in many cities made transactions scarce.
Average price of debar size 8-32 mm in Ahwaz market changed from USD679 /mt to USD674 /mt ex-work including 6% VAT by end of the week. I-beam size 14-18 mm from Esfahan Steel declined by USD 9/mt to USD698 /mt ex-work including 6% VAT.
Generally long products market was almost close during last week due to seasonal factors and there is no sign of improvement in near future.
Flat products
HRC 2 mm thickness was downward due to lack of demand during last week and dropped from USD764/mt to USD750 /mt on truck in Anzali including 6% VAT. When transactions level improve in coming week prices will rise. HRC 2.5-15 mm thickness from Mobarakeh Steel Co dropped by USD2-4 /mt . These products prices have reached the bottom.
HRP price of Kavian and Oxin co also dropped by USD4-8 /mt but lack of demand due to seasonal factors made markets almost closed.
CRC market was also quiet , prices have bottomed and there is no demand. Availability of some sizes was also limited.
HDG market also experienced same situation like previous weeks, quiet and calm but prices didn’t change significantly despite lack of demand.
(Ex-rate: In Exchange Room: Rials 24,798/USD)
Note: Prices have been converted from Rials to USD using exchange room rate as a base.
Iran Steel Service Center