Billet
Billet
price was upward as expected during last week in Iran. Average price changed
from USD 357 /mt to USD 358 /mt ex-work including VAT till Monday last week, by
Tuesday market resisted against upward trend and prices became stable.
By
last Wednesday, billet offer levels increased but there was limited inquiry in
the market as currently debar export level is declining due to the problems in
neighboring countries.
Iran
billet market is facing with some problems which will show their consequences
in coming weeks including limited pellet supply, severe shortage of DRI and
also limited scrap availability due to cold weather and decreasing construction
activity.
By
last week, price gap between billet and debar rose to around USD 46 /mt which is interesting for debar
producers and will increase billet demand and its price will rise. But billet
supply level cannot be increased easily due to limited supply of its raw
materials.
Long
Products
Debar price was
upward during last week in Iran domestic market as debar diameter 8-32 mm price
changed from USD 401 /mt to USD 405 /mt ex-work including VAT by last Wednesday. Upward trend
was mainly due to limited billet supply and lower debar production.
I-beam
price also rose as average price of sizes 14,16,18 improved from USD 477 /mt to
USD 484 /mt ex-work including VAT by end of last week.
Some
market insiders expect prices to improve more in coming weeks.
Flat
Products
HRC 2 mm thickness price improved during
last week in Iran domestic market. As in Isfahan market changed from USD 493
/mt to USD 526 /mt ex-work including VAT and in Ahwaz market also
changed from USD 475 /mt to USD 489/mt. Thicknesses 3-15 mm by Mobarakeh Steel co also
was up from USD 511/mt to USD 530 / mt ex-work including VAT.
Oxin co HRP thickness 10-40 mm rose by
USD 16 /mt to USD 512/mt by last Wednesday. Kavian co HRP supply level was
limited and its price changed from USD 490/mt to USD 498 /mt ex-work
including VAT by end of the week.
Price of CRC
thickness 0.40-2 mm improved by last week from USD 648/mt to USD 661 /mt ex-work including VAT mainly due to higher price of
sizes of 0.70 mm or higher. CRC demand level is limited and its supply level is
also low at the moment.
HDG price rose from
USD 705/mt to USD 723 /mt ex-work including VAT
by end of last week. Higher HRC price and a little improvement in ex-rate made
HDG price rose.
CBI
weekly average ex-rate for Steel Products (SANA): Rials 108.358 / 1USD
20 Nov,
2019
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Iran
Steel News Bulletin