Billet
Iran billet market was almost stable last week. Government policy to stabilize sections prices has lead to flat price of billet.
CIS origin billet for December- January shipment is offering for US$630-640/mt cfr northern ports but some lots of immediate delivery are in the market at US$610-615/mt cfr, which have been purchased at low prices.
Turkish billet was offered Eur 440/mt ( US$614/mt) cfr Southern ports. But in domestic market size 150 mm billet was US$715-720/mt fot Anzali port.
During last Iranian month, more than 480.000 tones of billet have been imported to Iran which is the highest during last 8 months. If this trend continues, billet price should drop.
Long products
It’s a while that Iranian government is trying to stabilize prices in steel market as an introduction to subsidy reform plan, so many mills have to sell their long products in Tehran Mercantile Exchange ( TME) in fixed and controlled prices. As this policy implemented, long products prices have not changed in Iran.
If demand stays stable, retail prices won’t change but when sections demand drop, by increasing market inventory, prices may reduce.
During last Iranian month debar import level to Iran rose to more than 100.000 tones, the highest In last 8 months.
Turkish debar is offering for US$610-620 /mt cfr Southern ports and UAE material US$635-640 cfr Imam Khomeini port.
Average retail price is US$884/mt including 3% VAT in domestic market. Many market participants believe debar price will drop in Iran. Other long products prices such as angle and UNP were almost unchanged during last week.
Flat products
Flat products market is so quiet Iran. At the beginning of last week, 2 mm hot rolled coil was offering for US$691/mt fot Anzali port including 3% VAT and dropped a little to US$683/mt by the end of the week. Mobarake Steel HRC price didn’t changed but demand so limited.
CRC market was downward, for some sizes dropped around US$28/mt. HDG import level is so limited but market still in a dump and its price was stable like a week ago
During last week, Import offer prices haven’t changed in flats market. HRC 2 mm thick is offered for US$630-640/mt cfr northern ports, Kazakhstan origin CRC is US$750/mt and HDG price US$860/mt cfr northern ports.
Iran Steel Service Center