Billet
Billet price was almost stable during last week in Iran. Market
participants expect upward trend of Asian markets after Lunar New Year Holiday
in China affect Iran domestic market too. Billet average price was around USD 472
/mt ex-work including 9% VAT.
Long
Products
Rebar price did not
change significantly. From beginning of the week, it was expected to decrease,
but higher ex-rate stabilized the market. Rebar price was around USD 520 /mt including
VAT by end of the week.
I-beam market was
also like rebar and didn’t change much.
Flat
Products
HRC 2 mm
thickness was USD 884 /mt on last Saturday and reached USD 864 /mt ex-work
Esfahan including VAT by end of the week. Mobarakeh Steel co HRC 3 to 15 mm thickness
was around USD 775 /mt as the mill was controlling
supply level. Its base price at IME was announced at USD 695 /mt, and made
market stable.
Oxin co
HRP market inventory was limited with its price changed from USD 744 /mt to USD
854 /mt by end of the week.
As Oxin
co HRP supply level was limited Kavian co HRP demand increased with its price
improved by USD 8 /mt to USD 719 /mt ex-work including VAT.
CRC
market was quiet and stable as demand is quiet by end of the year in Iran. Its
price declined from USD 1113 /mt to USD 1103/mt. HDG price increased by middle
of the week as HRC price increased and ex-rate improved from USD1059/mt to USD1088/mt
but moved back to USD1080 /mt by end of the week.
CBI
weekly average ex-rate for Steel Products (SANA): Rials 248,910 USD
22 Feb
2021