Billet
Billet market passed a quiet week in Iran. Size 150 mm was around
USD 453 /mt ex-work including 9% VAT and size 125 around USD 445-447 /mt
ex-work including 9% VAT. By end of the week prices were down by USD 2.5 /mt.
Mid-week Holiday and market quiet sentiment had made demand level minimum.
Besides, scrap supply level declined and made its price rise. Some market
insiders expect DRI price rise in coming weeks, which may affect billet and
long products price too.
During last week, Khouzestan Steel co base price of billet at IME
stayed unchanged at USD 432/mt ex-work excluding 9% VAT.
Long products
Long products were downward during last week in Iran. Average price
of debar diameter 14-25 mm in Esfahan market dropped by USD 2.4 /mt to USD
545/mt ex-work including 9% VAT. Roohina Steel co product in Dezfool market
dropped by USD 7 /mt to USD 516/mt ex-work including 9% VAT.
I-beam size 14-18 started the week at USD 650/mt ex-work including
9% VAT by Saturday, rose to USD 652/mt and moved back to Saturday level by
Wednesday.
Market has become quiet due to some Holidays and has no significant
activity which may continue in week 49 too as market will go to an early
weekend by Wednesday.
Flat Products
HRC 2 mm thickness experienced downward trend during week 48 by USD
12 /mt to reach USD 696/mt on truck in Anzali including VAT and custom duty.
Some traders were offering at USD 694 /mt. Demand has declined but lowering
prices is still profitable for importers. Thickness 2.5-15 mm was stable
at USD 609/mt ex-work including 9% VAT during last week. Demand level for size
3 mm has increased currently for making temporary shelters for earthquake-hit
areas in Kermanshah
but its price has stayed unchanged.
Flat products market was
generally quiet. For HRP thicknesses higher than 15 mm, downward trend for Oxin
and Kavian co products continued as expected. Kavian co product dropped by USD
5 /mt and Oxin co material by around USD 7/mt. High supply level with different
sellers in the market has made HRP price decline.
CRC market was quiet with around
USD 7 /mt decline experienced. Lack of demand has made market depress which may
continue in coming days.
HDG didn’t see any significant
change as supply demand is balanced.
Ex-rate:
In free market: Rials 41,640 /1USD
04 Dec ,2017
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Iran Steel News Bulletin
http://www.ifnaa.ir/en/home