Billet
Price of billet size 150 mm was stable
during last week in Iran. Domestic billet was Rials12.5 and 12.6 million/mt
ex-work including 9% VAT , respectively for product of Khuzestan Steel co and
Arfaa Steel co. Domestic billet size 125 mm was also Rials11.8-12.1 million /mt
ex-work, but no buying interest.
Last Monday final nuclear agreement
between Iran and 5+1 was announced and this made billet market in wait and see
policy despite obvious downward trend in long products market. Many longs
producers hope a downward trend in billet market in coming future will help
them.
Long Products
Long products were downward during last week in Iran. Debar price
of Esfahan Steel Co dropped by Rials200,000/mt for some sizes and dropped by
Rials100,000/mt in Ahwaz market.
I-beam size 14-18 mm was upward by first half of the week but after
nuclear agreement on Monday, market became unstable. Price of I-beam size 20 mm
or higher from Esfahan Steel Co has a significant gap with other producers as
for size 20 mm it is Rials 22.9 million /mt , which is around Rials5.8
million/mt higher than Arian Co product.
Market participants believe the gap is just a policy of market
leader Esfahan Steel co.
Angle and channel were down by Rials200,000/mt during last week in
Iran and is expected to decline in coming future as demand is limited.
Besides, market participants
expect production costs decline as nuclear agreement has finalized, therefore
steel price would decrease.
Flat Products
By week 29th, price of HRC
thickness 2 mm was stable at around Rials15.5 million/mt on truck in Anzali
Port and Rials15.2 million/mt on truck
in Imam Khomeini Port including 9% VAT and custom duties.
HRC market was almost stable but HRP
price is expected to decline as lower price announcement by Mobarakeh Steel Co
a week ago will decline slab price too. This will affect Kavian Co and Oxin Co
HRP prices.
CRC market was quiet during last week.
Import price of the material has reached bottom at USD440-450 /mt cfr Iranian
Ports.
HDG price dropped by Rials200,000/mt
during last week.
Generally, nuclear agreement by last week
has made market confused and it takes time for the market to get a clear view
of the situation.
Ex-rate:
In Exchange Room: Rials29,570/1USD
In free market: Rials32,420/1USD
Iran steel service center