Billet
Average price of billet size 150 and 125 mm started week 18th
at USD 553 /mt ex-work including VAT and was upward till Tuesday which reached
USD 565 /mt. Higher price of DRI at IME made billet price upward. DRI was sold
at USD 283 /mt base price at IME. DRI price rose by around USD 12 /mt which was
not within expectations. DRI offer level also declined last week. All these
factors made billet price upward. DRI stagnant market beside limited scrap and
pellet supply has made market quiet.
Long products
Average price of debar diameter 8-32 mm was USD 635 /mt ex-work
including VAT by last Saturday, but with billet price rising, debar price was
also upward to reach USD 642 /mt. Average price of I-beam sizes 14-18 mm was
also upward from USD 711/mt to USD 715 /mt ex-work Esfahan including VAT. By Monday, angle and
channel were upward and improved by USD 9.5 /mt till end of the week mainly due
to higher billet price. Generally market is in wait and see mood.
Flat Products
HRC 2 mm thickness started the week
at USD 707 /mt on truck in Anzali including 9% VAT and custom duties. But by
Tuesday it dropped to USD 702 /mt. Thicknesses 2.5-15 mm were stable in price.
Average price stay stable till end of the week at around USD 682 /mt.
Thicknesses higher than 15 mm were upward. Upward trend of plate was due to
limited availability of Kavian co products which has made Oxin co the only market
leader. Other more important reason was that Khouzestan Steel co offered slab
at IME ( Iran Mercantile Exchange) at USD 543 /mt ex-work excluding VAT. This
price was not within expectations of market participants. All of the supplied
tonnage was also sold.
Market was expecting slab deals be
done under USD 536 /mt, therefore average price of Oxin co plate thicknesses
10-40 mm rose from USD 676 /mt to USD 689 /mt by Tuesday.
CRC market was quiet and sizes
0.40-2.5 mm stayed at around USD 831 /mt ex-stock including 9% VAT. Import
market activity is too much down, but Mobarakeh Steel co sale price has dropped
compared to a month ago. It is expected that market sentiment be unchanged for
a while.
HDG market was also quiet and didn’t
experience any significant change.
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Official Ex-rate (CBI) :
Rials 42,000/1USD
07 May ,2018
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Iran Steel News Bulletin
http://www.ifnaa.ir/en/home