Billet
Billet market was quiet during last week in Iran. Prices didn’t change significantly. Low supply level and bottomed prices are the reason behind this situation. Billet size 120 mm from domestic producers was offered at Riasl16,600,000-16,700,000 /mt ex-work including 8% VAT with around Rials 100,000/mt fluctuation till end of the week. Imported billet size 150 mm was unchanged at Rilas17,900,000 /mt on truck in Anzali including 8% VAT and custom duties. A reason behind stable price of imported billet was higher ex-rate which has reduced fluctuations of prices.
Domestic production billet was in low supply as producers are trying to cope with market demand level. Market participants are looking at possible supply of domestic producers Khouzestan Steel Co at IME, if its price doesn’t change, any improvement in billet market is unlikely in coming weeks ahead.
Long products
Long products market was just upward in prices on Saturday morning due to mental impacts of nuclear negotiations. But supply level was too high and prices became downward till end of the week. Just some sizes of I-beam were improved at the end of the week.
There are high stocks of long products in warehouses which have been purchased at cheap prices. Though, any improvement in prices will be cancelled by this availability in the market. Market needs more confidence and also low inventory levels to show any improvement. Energy subsidies reduction will show its impact in coming weeks and won’t let prices decline.
Debar diameter 12-32 mm from Esfahan Steel Co was offered at IME with price of Rials 17,300,000/mt ex-work excluding 8% VAT and it sold just one basket of it.
Market is waiting for final result of negotiations of Iran with 5+1 . Any improvement in market sentiment is unlikely in coming weeks as there would be some holidays in coming week.
Flat products
HRC 2 mm thickness was offered at Rials20,200,000/mt on truck in Anzali including 8% VAT by beginning of the week and declined by Rials300,000/mt during the week. Higher ex-rate avoids prices from more declines.
HRC 2.5-15 mm thickness from domestic producer was stable in price. HRP market was downward due to higher import supply level, by Wednesday domestic supplier declined supply level so market participants expect some improvement in prices.
CRC and HDG market were stable but buyers not interested in dealing. HDG import parcels will arrive in coming weeks , so will influence the market trend.
Ex-rate:
In Exchange Room: Rials 25,566/USD
In free market: Rials 32,900/USD
Iran Steel Service Center
Billet
Billet market was quiet during last week in Iran. Prices didn’t change significantly. Low supply level and bottomed prices are the reason behind this situation. Billet size 120 mm from domestic producers was offered at Riasl16,600,000-16,700,000 /mt ex-work including 8% VAT with around Rials 100,000/mt fluctuation till end of the week. Imported billet size 150 mm was unchanged at Rilas17,900,000 /mt on truck in Anzali including 8% VAT and custom duties. A reason behind stable price of imported billet was higher ex-rate which has reduced fluctuations of prices.
Domestic production billet was in low supply as producers are trying to cope with market demand level. Market participants are looking at possible supply of domestic producers Khouzestan Steel Co at IME, if its price doesn’t change, any improvement in billet market is unlikely in coming weeks ahead.
Long products
Long products market was just upward in prices on Saturday morning due to mental impacts of nuclear negotiations. But supply level was too high and prices became downward till end of the week. Just some sizes of I-beam were improved at the end of the week.
There are high stocks of long products in warehouses which have been purchased at cheap prices. Though, any improvement in prices will be cancelled by this availability in the market. Market needs more confidence and also low inventory levels to show any improvement. Energy subsidies reduction will show its impact in coming weeks and won’t let prices decline.
Debar diameter 12-32 mm from Esfahan Steel Co was offered at IME with price of Rials 17,300,000/mt ex-work excluding 8% VAT and it sold just one basket of it.
Market is waiting for final result of negotiations of Iran with 5+1 . Any improvement in market sentiment is unlikely in coming weeks as there would be some holidays in coming week.
Flat products
HRC 2 mm thickness was offered at Rials20,200,000/mt on truck in Anzali including 8% VAT by beginning of the week and declined by Rials300,000/mt during the week. Higher ex-rate avoids prices from more declines.
HRC 2.5-15 mm thickness from domestic producer was stable in price. HRP market was downward due to higher import supply level, by Wednesday domestic supplier declined supply level so market participants expect some improvement in prices.
CRC and HDG market were stable but buyers not interested in dealing. HDG import parcels will arrive in coming weeks , so will influence the market trend.
Ex-rate:
In Exchange Room: Rials 25,566/USD
In free market: Rials 32,900/USD
Iran Steel Service Center