Billet
Domestic billet size 150 mm from Khouzestan Steel co dropped by
Rials100,000/mt to Rials9.9 million/mt ex-works including 9% VAT during last
week. An offer at Rials9.8 million/mt also was heard in the market. Long
products market is depressed, therefore billet demand is low. Price fluctuation
was not significant during last weeks.
Buyers are bidding low and sellers insist on their offer prices.
Billet size 150 mm from domestic private sectors was around Rials9.9-10.2
million/mt ex-works including VAT and size 120 mm was around 9.5-9.7
million/mt.
Long products market is quiet, though; any significant change in
billet market seems unlikely.
Long Products
Long products market was downward as I-beam price
dropped every day. Debar size 14-32 mm from Esfahan Steel Co dropped from
Rials11.75million/mt to Rials11.5 million/mt ex-works including 9% VAT.
Downward trend continued till Tuesday. After that Esfahan Steel co debar
delivery time changed and made prices up by Rials100,00-200,000/mt depending on size. But price of other
producers was unchanged.
Angle and channel price dropped by Rials200,000/mt and
by middle of the week their market became quiet. Most producers finished the
week with losses as current last weeks. Therefore limited supply level is
increasing for many sizes of different long products.
Flat Products
By beginning of last week, imported HRC 2
mm thickness was priced at Rials12.7 million/mt on truck in Anzali port
including 9% VAT and custom duties for CIS origin product and
Rials12.4million/mt on truck in Imam Khomeini port for Chinese material. HRC
sellers have agreed with delayed payment of 10 days after delivery despite cash
payment which has affected market quiet sentiment more. As import prices
dropped by USD30-40/mt, import level increased from 57,132 mt to 119,791 mt
during last Iranian month ( 22 Dec-20 Jan). Market players believe this is the
main reason of downward prices. Mobarakeh Steel co tried controlling market with low
supply level of thickness 3-10 mm, therefore its price was unchanged.
Low supply level of HRP from Kavian co and Oxin co made
its price improve by Rials200,000/mt to Rials13.8 million/mt for thickness more
than 20 mm.
CRC market was in limited supply, but demand level was
also low. Sellers were resisting against decreasing prices and were offering at
Rials16.5-16.8 million/mt on truck in Iranian ports including 9% VAT and custom
duties but by Tuesday prices dropped by Rials200,000/mt.
HDG market was also quiet with prices drop by
Rials200,000/mt during last week.
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Ex-rate:
In Exchange Room :30,186 Rials /1USD
In free market : 36,290 Rials /1USD