Billet
Billet price experienced some up and downs during last
week in Iran. Billet size 150 mm started the week at USD 555 /mt ex-work
including 9% VAT and size 125 mm was USD 533 /mt. As debar price started
downward trend, billet became downward too till Tuesday. Then by debar price
stop dropping, billet size 150 mm stayed at USD 543 /mt ex-work including 9%.
By Wednesday it rose to USD 557 /mt for size 150 mm and size 125 mm became USD 533
/mt up by USD 9.5 /mt compared to
Tuesday.
Market
is really confused. During a month billet price rose from USD 520 /mt to USD 576
/mt and then dropped to USD 540/mt ex-work including 9%. Raw materials market
was almost stopped and didn’t affect billet price. Higher ex-rate and fluctuation
of billet base price at IME made retail market affected. Actually ex-rate
change made billet base price at IME higher.
Long products
Average price of debar diameter 8-32 mm
started week 16 downward as dropped by USD 11 /mt to USD 634.5 /mt ex-work
including 9% VAT by Tuesday. Then some mills stopped offering and some others rose
offered prices. By Wednesday average price reached USD 639 /mt ex-work
including 9% VAT. Still, there are low purchased cargoes available in
warehouses as average price of debar increased by USD 59 /mt within a month. Therefore,
every one prefer waiting and buy just for immediate needs at the moment.
Flat Products
Imported HRC 2 mm thickness was downward during last week in Iran. It
dropped by USD 19 /mt to USD 698 /mt on truck in Anzali including 9% VAT and
custom duties. Market confusion and available domestic competitors made price
downward. Demand is low and besides importers are facing with currency procurement
problem, therefore, import market is quiet. Import level is expected to decline
more in coming months which will have a negative effect on domestic industries.
Domestic HRC from Mobarakeh Steel co for thickness 2.5-15 mm resisted
against downward trend till Tuesday when price dropped from USD 683 /mt to USD 666.5/mt
ex-work including VAT. With ex-rate of Rials 42000 /1USD, Mobarakeh Steel co
can’t export any more. Besides flat products export level dropped by 90% during
last Iranian year. Market participants are waiting for Mobarakeh Steel co
policy in domestic market.
Oxin Co HRP was down by up to USD 7 /mt . Producers are
resisting against any significant downward trend as their sale price of new
production won’t be lower than USD 714 /mt. Suppliers are also limited; therefore,
prices can stay stable.
CRC market was downward. Domestic price
of Mobarakeh Steel co at IME increased to USD 666 /mt ex-work excluding VAT by
end of last year, but import prices were downward. For the first time after
years, Mobarakeh Steel co feel import market competition. As Mobarakeh Steel co
export level declined by last year and won’t increase easily, it is expected
that CRC market depression and downward movement of prices continue. Besides, CRC
demand is limited due to white goods market sadness.
HDG market also experienced downward
trend as size 0.40-2 mm dropped from USD 1003 /mt to USD 991 /mt. It is expected
that downward trend continue for a while.
Ex-rate:
Rials 42,000/1USD
23 April ,2018
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Iran Steel News Bulletin
http://www.ifnaa.ir/en/home