Billet
Billet
market continued downward during last week in Iran. Billet size 150 mm from
domestic producers was being offered at Rials12.1-12.3 million/mt ex-works
including 9% VAT.
Depressed
long products market has affected billet market. Market participants expect
more downward trend in billet market in coming days as long products were
declining and Khouzestan steel co sold billet at cheap price in IME( Iran
Mercantile Exchange).
Long products
Long
products were down slowly but continuously during week 33rd.
Khorasan Steel Co debar declined by Rials150,000/mt during the week. INSIG co
debar also dropped by Rials100,000/mt. Esfahan Steel Co debar diameter 14-32 mm
also declined from Rials14.375 million to Rials14.433 million/mt ex-works
including 9%VAT.
I-beam
size 14,16,18 mm from Esfahan Steel Co also declined from Rials17.1 million /mt
to Rials16.783 million/mt. Esfahan Steel Co is trying to fix I-beam price by
reducing supply level but other producers are offering at cheaper prices in
retail market. Besides, demand level is low.
Billet
market is also downward and investors are moving cautiously in long products
market.
Flat products
Flat
products were downward like other steel products. HRC 2 mm thickness was
transacted at Rials15.4 million/mt on truck in Anzali jncluding 9% VAT and
Rials15.1 million/mt on truck in Imam Khomeini Port. Domestic production
thickness 2.5 mm in Esfahan market was down by Rials400,000/mt and thickness 3
mm or higher was down by Rials300,000/mt. Generally demand was low and sellers
were ready for more discounts.
For
thickness 8-15 mm, market experienced more declines and may continue downward
seriously in coming days as domestic production of Kavian Steel co in Ahwaz and
Chinese cargo in Imam Khomini port was down by Rials500,000/mt.
HRP
thickness higher than 15 mm decreased to Rials17.5million/mt ex-works including
9% VAT from kavian Co. But market expect HRC price decline to lower than
Rials17 million/mt.
Oxin
Co HRP price declined by Rials100,000/mt due to lack of supply . It is expected
to drop more as the gap between Oxin and Kavian HRP price has increased.
CRC
market was quiet with demand level still depressed. Besides, importers are
moving cautiously due to downward trend in China and CIS.
HDG
market was quiet and down by Rials300,000/mt. This trend will continue in
coming future.
Ex-rate:
In Exchange Room: Rials 29,766 /1USD
In free market: Rials 33,600/1USD
Iran
Steel Service Center