Billet: Rising rebar price and supply management have
led to increased billet price.
Long Products
Rebar: Rebar market is sluggish at the end of the
year, while supply is limited due to gas and electricity outages, and prices
have risen on the stock exchange.
I-beam: Market management has driven up I-beam price.
Flat Products
HRC: Mobarakeh Steel co.'s market management,
despite a severe recession, prevented price drops in HRC market, and the
strength of the slab market contributed to this.
HRP: Supported by rising slab prices, HRC market has remained stable.
CRC: CRC is in its final week of consumption, and
prices have hit their floor.
HDG: HDG price has also hit its floor, but demand is
nearing its end.
Weekly Analysis:
In the world market: Global prices have taken a downward trend, with
iron ore facing price reductions due to Chinese production conditions. Scrap
and billet prices have remained relatively stable, but the market anticipates
declines as Chinese demand is weak and price drops are likely. Flat products
market remains in recession, but as prices have hit their floor, significant
drops are not expected.
In
the domestic market: As we
approach end of the year, there is no significant market demand. Gas and
electricity outages continue, putting pressure on supply.
There is a
possibility of price drops due to the urgent need for funds by some traders and
mills, but the upward trend in stock exchange prices and the gap with the
market limits speculation. If the gas and electricity outages continue due to
persistent cold weather, prices are likely to decline by end of the year,
provided the exchange rate remains stable.
CBI
average ex-rate for Steel Products (SANA): Rials 676,466/ 1USD
03 March 2025
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM