Billet
Billet size 150 mm started week 52nd at USD 476 /mt
ex-work including 9% VAT and size 125 at USD 469 /mt . After Khouzestan Steel
sold its billet at IME on Sunday ( 24th Dec) at base price of USD 462
/mt ex-work excluding 9% VAT, retail market sentiment improved and size 150 mm
reached USD 490 /mt and size 125 also improved to USD 485 /mt ex-work including
9% VAT.
But by Tuesday billet market became downward as long products
market was silent. Finally, by end of the week billet size 150 mm was USD 471
/mt ex-work including 9% VAT with demand unavailable.
Khouzestan Steel co sold its billet in export market at USD 535/mt
fob and USD 462 /mt ex-work excluding 9% VAT with cash payment in domestic
market.
Long
products
Debar diameter 14-25 mm started week 52 at
USD 557 /mt ex-work Esfahan
including 9% VAT and USD 529 /mt ex-work Dezfool including 9% VAT. By rising
billet price at IME, long products were also upward till Tuesday, then became
downward as finished the week at USD 557 /mt for Esfahan Steel co debar and USD
534 /mt for Roohina Steel co in Dezfool.
I-beam price improved by USD 16 /mt to USD 658 /mt ex-work
including 9% VAT but its market was quiet.
Generally, it’s winter time and long products market demand is
limited but higher raw materials prices have made long products production
lower which influenced prices positively.
Flat Products
HRC 2 mm thickness dropped by USD 7 /mt to USD 653 /mt on truck in
Anzali including 9% VAT and custom duties. Higher supply level by domestic
producers beside limited demand made prices down. Kazakhstan suppliers were not
in the market and just MMK was offering. A cargo of 5,000 tones offered at EUR
470 /mt cfr Anzali which was higher than Iran market level.
2.5-15 mm thickness products from Mobarake Steel co experienced
some fluctuations but average price stayed stable. Thicknesses higher than 15
mm was not supplied by Kavian Steel Co but Oxin co product was offered at unchanged
prices as demand was scarce.
Some insiders believe that current flat products market sadness has
not been seen during last 10 years.
CRC market was quiet and unchanged. Global prices have risen and
market insiders expect prices improve in Iran too.
HDG market was also stable and is expected to continue this trend
in coming future.
Ex-rate:
In free market: Rials 42,880 /1USD
31 Dec ,2017
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Iran Steel News Bulletin
http://www.ifnaa.ir/en/home