Billet
Billet market was almost quiet during last week in Iran. Size 150
mm started week 46 at USD 456.5/mt and size 125 mm was USD 452 /mt ex-work
including 9% VAT. Limited supply level made prices rising by Sunday and by
Monday peaked. Then sadness of long products market and mourning Holidays near
made billet price stable.
Average price of billet size 150 mm finished the week at USD 460
/mt and size 125 mm at USD 456.5 /mt ex-work including 9% VAT.
At the moment DRI supply level is still limited and scrap supply
level is still low. Billet production is almost the same as its demand and
price would change with any movement in demand.
Long products
Debar market experienced severe fluctuations during last week in
Iran. Average price of debar diameter 14-25 mm from Esfahan Steel co started
the week at USD 554 /mt ex-work including VAT on last Saturday. Higher demand
due to market closure for Arbaeen mourning Holiday made prices up to USD 557/mt.
Average price of same cargo from Roohina Steel was USD 535 /mt on Saturday but
finished the week at USD 532 /mt.
Average price of I-beam size 14,16,18 was USD 664/mt ex-work
Esfahan including 9% VAT last Saturday and finished the week lower at USD 663
/mt. Market was quiet and demand level scarce. But market inventory level has
dropped to bottom and supply-demand is balancing, therefore, any change in any
side of demand or supply level would affect market trend.
Flat Products
Imported HRC 2 mm
thickness started week 46 at USD 737 /mt on truck in Anzali including VAT and
custom duty on Saturday. By Sunday onward prices became downward as by end of
the week reached USD 725 /mt. Higher import level made prices downward.
Thickness 2.5-15 mm in domestic market was offered by Mobarakeh Steel co at USD
609 /mt ex-work including 9% VAT and improved to USD 617 /mt by end of the
week.
Oxin co HRP
thickness higher than 10 mm was USD 560 /mt ex-work including 9% VAT by last
Saturday. Till Tuesday market was quiet, by Wednesday sellers stopped offering
and increased prices by around USD 29 /mt. Market insiders believe this price
is not workable as market inventory is high and consumption level is limited. Kavian
co HRP Rose by USD 10.5 /mt to USD 561.5/mt ex-work including 9% VAT which
followed Oxin co upward trend.
CRC price was USD 790
/mt on truck in Anzali including 9% VAT and custom duty by beginning of last
week. Market was quiet and prices downward. Consumption level is low but import
level during first 20 days of current Iranian month ( 23 Oct-11 Nov) reached
38,000 tones, but all import level of previous month was 33123 tones. Besides, domestic
supply is also high.
HDG price was USD 930.5
/mt ex-work including 9% VAT by start of the week then improved by USD 5 /mt
despite enough market inventory and limited activity as ex-rate increased and
Kashan co products prices were also improved.
Ex-rate:
In free market: Rials 40,960 /1USD
20 Nov 2017
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Iran Steel News Bulletin
http://www.ifnaa.ir/en/home