Billet
Billet Market
was downward during last week in Iran. Billet size 150 mm started the week at
USD 344-347/mt ex-work including 9%VAT and size 125 mm was USD 339-343 /mt. By
end of the week size 150 mm reached USD 336/mt and size 125 mm was USD
331/mt ex-work including 9%VAT .
As end of the
Iranian year is coming, market players prefer moving cautiously. Steel market
is definitely quiet and mills have cut production to the minimum level.
Therefore, billet demand is scarce.
Long
Products
Long products
market in Iran experienced one of most quiet weeks. Prices were down by average
USD 15.5/mt. Some mills offered up to USD 26 /mt lower.
Debar diameter
14-25 mm was down by USD 13 /mt to USD 409/mt ex-work Ahwaz including
VAT. The same material at Esfahan market dropped by USD 12 /mt to reach
USD 432/mt ex-work Esfahan including VAT.
Price of
I-beam size 14,16,18 mm also dropped by USD 5/mt to finish the week at USD
476/mt ex-work Esfahan including VAT.
Number of
offers in debar market was rising but there was no demand to support. Market
participants do not expect improvement in near future, therefore avoid rising
inventory level.
Flat
Products
HRC 2 mm thickness was downward in
Anzali. It dropped by USD 15.5/mt to reach USD 569 /mt on truck in Anzali
including 9% VAT and custom duty.
HRC 2.5-6 mm thickness declined by USD 5 /mt by average.
Prices in global market have been stable from 40 days ago, thus many market
players expect declines.
HRP thickness 15 mm or higher were also downward. Demand is low
and Oxin co product is easily available except size 30 mm. Some sellers looking
for liquidity are ready to discount.
CRC market experienced different trend in domestic and import
sections during last week. Mobarakeh Steel co material was available in the
market and sellers were ready for more discounts on transactions. But import
offers were limited and traders were not eager to give more discount. Importers
won’t achieve an interesting margin, though import level is expected to decline
more.
HDG
still facing limited supply, but also demand is scarce. Lack of demand has made
production cuts regular. HDG import level also stopped during last Iranian
month ( 21 Dec- 19 Jan).
Ex-rate:
In free market: Rials 38.650 /1USD
28 Jan 2017
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Iran Steel Service Center
IFNAA News Agency
http://www.ifnaa.ir/en/home