Billet
Billet market continued declining during last week in Iran.
Domestic billet size 150 mm was around Rials9.6-9.8 million/mt ex-works
including 9% VAT. Size 120 mm was also offered by domestic producers at around
Rials9million/mt ex-works including 9% VAT.
Downward trend is expected to continue as demand level is limited.
Besides, market participants expect Iran billet export increase in coming
future as sanctions have eliminated. Turkey and Fareast have shown their
interest on buying billet from Iran. But improvement in price is unexpected as
long products are downward.
Long Products
Long Products continued downward during last week. Khorasan Steel
Co debar price dropped by Rials400,000/mt and made whole market trend downward.
Debar diameter 14-25 mm decreased from Rials11.85 million/mt to
Rials11.6million/mt ex-works including 9% VAT.
I-beam market was also depressed as Esfahan Steel Co I-beam size
14-18 mm dropped by Rials100,000/mt to Rials14.2 million/mt ex-works including
9% VAT.
Angle and channel were also down by Rials200,000/mt.
Parliamentary elections ( on 26th
Feb) has made Iran market more quiet, besides year end is near. Therefore any
change in market sentiment may occur within next Iranian Year ( begin at 21st
March).
Flat Products
CIS and Chinese origin HRC 2 mm thickness were stable during last
week in Iran and were respectively Rials12.2 million/mt on truck in Anzali port
and Rials12 million/mt on truck in Imam Khomeini Port including VAT and custom
duties. Market participants expect dumping of Chinese material after Chinese
New Year Holidays in Iranian Southern Ports.
In domestic market, Mobarakeh Steel Co HRC 2.5-6 mm thickness was
unchanged as demand is low but prices have reached the bottom and supply level
is limited. For sizes 6-15 mm prices were up by Rials100,000/mt, but market
depression continued. For sizes more than 15 mm, prices were stable and some
sellers’ tries for increasing prices were unsuccessful.
CRC market experienced one of its most
quiet weeks. Demand is scares and sellers cannot afford to reduce prices more.
Year-end sentiment will gradually make market more depressed. Besides,
traditionally CRC demand is low within first half of each year, therefore
improvement in market situation would be unlikely in coming future. CIS sellers
are eager to give discount for February production, April shipment. Ex-rate is
also expected to be stable, therefore CRC market would be quiet for a while.
HDG market was also silent and prices
were down by Rials300,000/mt.
Ex-rate:
In Exchange Room :30,180 Rials /1USD
In free
market : 35,170 Rials /1USD