Billet
Billet price was almost stable during last week in Iran. Size 150
mm started the week at USD 349 – 354 /mt ex-work including 9% VAT. By Monday it
started declining. By Tuesday Khuzestan Steel co sold 15,000 tons of its billet
at base price of USD 360 /mt excluding VAT at IME (Iran Mercantile Exchange),
the deal didn’t affect retail market trend. The connection between price at IME
and retail market don’t exist anymore.
Generally, it is yearend in Iran and demand is disappearing. There
is only one working week for current Iranian year (New Year begin at 22 March)
and any significant change in prices seems impossible.
Long Products
Long products experienced
some fluctuations during last week in Iran which was due to producers’ pricing
policies. They increased prices and decreased them again after market
resistance.
Average price of debar
diameter 14-25 mm started the week at USD 423 /mt ex-work including 9% VAT and
finished it USD 3 /mt lower. I-beam price was unchanged and its market was
quiet.
Flat Products
HRC
2 mm thickness was downward. It declined by USD 11 /mt to reach USD 563 /mt on
truck in Anzali port including VAT and custom duty. Korean product also dropped
by USD 3 /mt at Imam Khomeini port despite seller’s resistance to reach USD 571
/mt on truck in Imam Khomeini Port including VAT and custom duty.
For
thickness 2.5-6 mm, prices were unchanged. As supply shortage and lack of demand
made market stable. For thickness 6-15 mm some sizes are in limited supply but
market can’t absorb any rise in prices at the moment.
Kavian Steel co HRP was still
unavailable in the market. Oxin co product is in limited supply. Any way it is
yearend and market sentiment is quiet.
CRC market was quiet with
prices down by USD 5 -13 /mt except for size 0.60 mm. Downward trend is due to
lack of demand. At the moment domestic products supply from Mobarakeh Steel co
is enough to support demand.
HDG market finally
experienced some changes. Supply shortage made its price for some sizes up by
USD 26 /mt.
Ex-rate:
In free market: Rials 37.820 /1USD
04 March 2017
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Iran Steel Service Center
IFNAA News Agency
http://www.ifnaa.ir/en/home