Billet
Iran billet market
was downward during last week. Size 150 mm started the week at USD 462 /mt ex-work
including 9% VAT and was down by USD 7 /mt by end of the week. Size 125 mm
dropped from USD 454-459 /mt to USD 437 /mt ex-work including 9% VAT. Kish
South Kaveh steel co billet at base price of USD 430 /mt excluding VAT had no
buyer.
As long products market
was quiet, it affected billet market activity. Besides, DRI supply level has
declined which will reduce billet production too. In coming days market will be
quiet as some participants would be out of market due to religious travels to
Karbala. This won’t let billet price change significantly.
Long
products
Long products market
experienced a quiet week. Average price of debar diameter 14-25 mm from Roohina
Steel Co was USD 540 /mt ex-work Desfool including 9% VAT by start of the week.
It finished the week unchanged but up to USD 7 /mt discount was heard. Esfahan
Steel co material dropped from USD 563 /mt to USD 559 /mt ex-work including 9%
VAT with demand level limited.
I-beam size 14-18
stayed at around USD 670 /mt ex-work Esfahan including 9% VAT.
Other long products were
also down by USD 12 /mt during the week. Sellers were resisting against
downward trend despite lack of demand. But market couldn’t afford it and
discounts rose from Tuesday. Lower prices still didn’t help demand level.
Flat
Products
HRC 2 mm thickness
from import market was transacted at USD 733 /mt on truck in Anzali port
including VAT and custom duties, which stayed unchanged during week 44. Demand
was limited and domestic supply increased, which didn’t let import prices
improve.
For thicknesses
2.5-15 mm, market leader Mobarakeh Steel co was controlling market trend and
made prices unchanged.
For HRP thickness
more than 15 mm, Kavian Steel co products were down every day. By Wednesday,
Kavian co HRP moved back to beginning of the week but demand was still scarce.
CRC market was quiet
and demand level was low. This trend will continue this week.
HDG market was in
limited supply level for some sizes. This made average price improve by USD 2
/mt to USD 911 /mt ex-work including 9% VAT. Some sizes were up by USD 12 /mt.
Ex-rate:
In free market: Rials 40,720 /1USD
06 Nov 2017
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Iran
Steel News Bulletin
http://www.ifnaa.ir/en/home