Billet
Billet price was
downward during last week in Iran. Average price of sizes 125 & 150 mm
dropped from USD 953/mt to USD 905 /mt ex-work including 9% VAT. Long products
market quiet situation made billet market weaker. DRI price was around USD 381
/mt and Scrap was USD 595-643 /mt.
long
products
Long products were downward as Debar size
8-32 mm dropped from USD 1149.5 /mt to USD 1116 /mt ex-work including 9% VAT. I-beam market didn’t have a clear direction
especially for size 14. Market is confused and quiet, everybody prefer stay
out.
Flat
products
Imported HRC 2 mm thickness dropped from
USD 1405 /mt on truck in Anzali including 9% VAT to USD 1333/mt by end of the
week. Domestic suppliers have taken import market share and their average price
was around USD 1238 /mt ex-work including 9% VAT. For thicknesses 3-15 mm,
supply level was limited but market confused sentiment made prices downward as
declined from USD 1001 /mt to USD 925 /mt ex-work including 9% VAT. By middle
of the week nobody was seller and supply was stopped. Oxin co HRP thickness
10-40 mm decreased from USD 995/mt to USD 957/mt ex-work including 9% VAT. Generally,
transactions level is decreasing in flat products market as bids from construction
projects is declining.
CRC price decreased marginally from USD 1556
/mt to USD 1542 /mt. Mills are in annual maintenance and lack of demand has
made prices down.
HDG supply level was low and average
price for thicknesses 0.40-2.5 mm of domestic mills dropped from USD 1774 /mt
to USD 1710 /mt ex-work including 9% VAT.
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Official
Ex-rate (CBI):
Rials 42,000/1USD
Sep 17,
2018
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Iran
Steel News Bulletin