Billet
Billet price fluctuated a little during
last week in Iran. Political news made average base price of billet down by USD19.5/mt
and became upward again by the same amount till end of the week to USD 439 /mt ex-work
excluding VAT. Generally, Long products and billet markets are quiet due to
seasonal weakness of holy month of Ramadan. Authorities are easing steel export
procedures which is actually a movement against current sanctions of USA.
Last week Iron ore pellet price rose to USD
95 /mt and DRI base price reached USD 175.5/mt. Gol-e- Gohar co DRI price
started the week upward but by middle of the week was heard at USD 158 /mt.
Long Products
Average price of debar started last week
at USD 507 /mt ex-work including 9% VAT on Saturday, till Monday reached USD 488/mt,
then some mills rose prices by USD 10/mt. New policies for easing export
procedures has made market sentiment positive. Authorities are also trying to
make exchange market calm.
I-beam price also experienced some up and
downs like debar during last week. First half of the week was downward and then
prices moved back.
Flat Products
HRC 2 mm thickness was USD 686 /mt ex-work
Esfahan and USD 634/mt ex-work Ahwaz including 9% VAT. But transactions level
was very limited and this made prices downward. By Tuesday prices were USD 653
/mt ex-work Esfahan and USD 624 /mt ex-work Ahwaz. Till end of the week prices
became upward again. Thicknesses 3-15 mm in Esfahan market also followed the
same trend, as declined from USD 680/mt to USD 662/mt and rose again to USD 670/mt
ex-work including 9% VAT. Transaction level was too much limited and market was
quiet. Pipe and Profile Rolling co in Ahwaz is facing Slab supply shortage as slab
export orders has made domestic supply limited but for Oxin co, Khouzestan
Steel co is supplying its slab needs and the mill has limited problems. But
market sadness made Oxin co HRP down from USD 639/mt to USD 629/mt ex-work
including 9% VAT. Kavian Co HRP thickness 12-15 mm also declined from USD 641/mt
to USD 629/mt.
CRC market was quiet and demand was
scarce. Prices were downward from USD 823/mt to USD 804/mt ex-work including 9%
VAT.
HDG price dropped but lower than other
products. Average price decreased from USD 1015/mt to USD 1007/mt ex-work
including 9% VAT. Lower zinc price also affected HDG market.
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CBI
weekly average ex-rate for Steel Products (SANA): Rials 102,536/ 1USD
20 May,
2019
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Iran
Steel News Bulletin