Billet
Billet market was stable during last week in Iran. Domestic billet
size 150 mm from Khouzestan Steel co was transacted at USD362.5-364/mt ex-work
including 9%VAT but also at limited tonnage. Other mills were also offering
around the same price for size 150 mm.
Billet size 125 mm was offered at USD351-357/mt ex-work including
9%VAT. Market is quiet and demand level is limited. Customers just buy for
their immediate needs.
By middle of the week, Iran billet market was almost stopped and is
unlikely to change in coming weeks as long products market sentiment is
depressed.
Long Products
Long products market was quiet during last week. By beginning of
the week some mills efforts for rising prices worked, but general sentiment was
so upset and debar price became stable after some improvements. By Sunday it started
declining and was unchanged by middle of the week onward.
I-beam price experienced some improvements due to Esfahan Steel Co
policies. The upward trend was obvious for sizes 20 mm or higher but fluctuated
between USD5.5-8/mt.
Angle and channel were downward by up to USD14/mt.
There are some hopes that long products prices may improve next
week after religious mourning holidays in coming days.
Flat Products
HRC 2 mm thickness experienced some
fluctuations during last week in Iran. It was USD538/mt on truck in Anzali
including 9% VAT and custom duty by Saturday, dropped to USD530/mt on Tuesday
and finished the week at USD538/mt again. Ex-rate fluctuation is a main reason
behind these changes. Coming months import supply by foreign origins is not
clear and has made market vague.
HRC2.5-6 mm thickness was faced with
limited supply and its price was upward, in some cases it was up by USD8.3/mt.
For sizes 8-15 mm market was upward as Mobarakeh Steel co had increased
prices a week ago at IME. Market participants expect MSC to rise prices in its
next announcement too. Prices became up by USD14/mt . Some thicknesses
especially 12 mm were scarce in the market. For thickness more than 15 mm
Kavian co didn’t offer in HRP market and Oxin co material was available at
limited tonnage. But market is significantly depressed and any rise due to
limited supply would be unlikely.
CRC market was upward during last week especially for import
cargoes due to ex-rate fluctuations. For some sizes imported CRC price became
more expensive than MSC product irregularly, especially for thickness 0.70 mm.
If ex-rate upward trend continues, CRC market would be upward.
HDG market was downward but average price didn’t change against a
week ago.
Ex-rate:
In open market: Rials 35,860 /1USD
08 Oct 2016
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Mona Taban
Iran Steel Service Center
IFNAA News Agency
http://www.ifnaa.ir/en/home