Billet
Billet
price was unchanged during last week in Iran despite lack of demand and market depression.
Meanwhile, market leader Khouzestan Steel Co is trying to improve its export
level to avoid domestic market from downward trend. When sanctions are released
Iran billet export will improve definitely as the problems about receiving money
from buyers will be solved.
Market
participants expect ex-rate increase for many reasons, therefore billet export
would be more interesting than domestic sales for the Iranian producers and it
will help domestic billet price.
Long Products
Long
products were downward during last week in Iran. Debar price was declining and
is expected to continue this trend due to the gap it has with billet price.
I-beam
price was also downward. Angle and channel will also continue declining in coming
weeks.
Flat Products
HRC
2 mm thickness declined during the week at Northern and Southern port as
expected to respectively Rials14 million/mt and Rials13.4 million/mt on truck
including 9% VAT and cutom duties. A week ago it was Rials15.7 million/mt and
Rials14.7 million/mt in Anzali and Imam Khomein Ports. This downward trend is
expected to continue.
HRC
thickness 2.5-6 mm was in limited supply from market leader Mobarakeh Steel Co.
Its import offer is USD300/mt cfr, therefore importing from Kazakhstan or China
with free market ex-rate is affordable and interesting. Mobarakeh Steel Co
policy of fixing prices will help import market.
In
HRP market lack of demand made prices downward despite low supply level.
CRC
price was downward significantly. Some sizes dropped by Rials700,000/mt. Hopes
of improvement in import market due to releasing sanctions affected domestic
market trend.
HDG
market also continued its downward trend.
Ex-rate:
In Exchange Room : Rials 30,119/1USD
In free market :
Rials 36,290/1USD