Billet
Billet
market experienced a stable week in Iran. Domestic billet size 150 mm was
offered by market leader Khouzestan Steel Co at USD359-362/mt ex-work including
9%VAT. Billet size 125 mm was also available at USD351-356/mt ex-work including
9%VAT but demand was scarce.
Imported
billet was also available at limited tonnage during week 42 at USD362/mt on
truck in Anzali including 9% VAT and custom duty. Demand level is low at the
moment and any significant change in billet market seems unlikely.
Long Products
Long
products were upward during last week in Iran. Esfahan origin debar diameter
14-25 mm changed from USD443/mt to USD448/mt ex-work including 9%VAT. Ahwaz
origin debar also improved by USD5.5/mt to reach USD420/mt ex-work including
9%VAT by end of the week.
I-beam
experienced most rises as it was upward almost every day especially for size 14
mm. Sizes 14, 16, 18 mm were up from USD462/mt to USD473/mt ex-work Esfahan
including VAT by end of the week. Esfahan Steel co pricing policy was the only
reason behind this change.
Angle
and channel were up till middle of the week then started dropping. They were up
by USD8/mt but declined by USD28/mt.
Steel
producers are trying to sell their cargoes at higher prices in cash payment but
two negative factors are resisting against them; including low demand and high
competition. Change in prices also won’t let demand improve.
Flat Products
HRC
2 mm thickness stayed stable at USD547/mt on truck in Anzali including 9% VAT.
Lack of demand didn’t let prices improve.
Some
market participants expect improvements in prices as global coking coal price
has increased which made Chinese prices rise. Besides, Kazakhstan origin HRC
won’t be available till next January. Some others believe market is depressed
and last cheap price purchases would be enough for current demand level till
January, thus won’t let prices improve.
HRC
2.5-4 mm thicknesses were also upward by USD13.9/mt to USD532/mt on truck in
Anzali including 9% VAT. For thickness 8-15 mm prices were up due to previous
weeks rises at IME. HRP thickness higher than 15 mm was stable as Oxin
and Kavian co products were available in the market. Demand is low and more
improvements seems unaccepted but some participants expect up to USD13.9/mt
rise due to changes in global markets.
CRC
import supply level is low, but last purchased cargoes are enough for current
demand level. Some participants were expecting market leader Mobarakeh Steel co
increase prices at IME but it didn’t happen and in retail market prices
increased up to USD13.9/mt. Market was quiet by end of the week.
HDG
thickness lower than 70 mm was in limited supply, therefore prices improved
Ex-rate:
In open market: Rials 35,910
/1USD
23 Oct
2016
------------
Mona
Taban
Iran
Steel Service Center
IFNAA
News Agency
http://www.ifnaa.ir/en/home