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Iran Steel market Trend in Week 42nd 2016

Billet

Billet market experienced a stable week in Iran. Domestic billet size 150 mm was offered by market leader Khouzestan Steel Co at USD359-362/mt ex-work including 9%VAT. Billet size 125 mm was also available at USD351-356/mt ex-work including 9%VAT but demand was scarce.

Imported billet was also available at limited tonnage during week 42 at USD362/mt on truck in Anzali including 9% VAT and custom duty. Demand level is low at the moment and any significant change in billet market seems unlikely.

 

Long Products

Long products were upward during last week in Iran. Esfahan origin debar diameter 14-25 mm changed from USD443/mt to USD448/mt ex-work including 9%VAT. Ahwaz origin debar also improved by USD5.5/mt to reach USD420/mt ex-work including 9%VAT by end of the week.

I-beam experienced most rises as it was upward almost every day especially for size 14 mm. Sizes 14, 16, 18 mm were up from USD462/mt to USD473/mt ex-work Esfahan including VAT by end of the week. Esfahan Steel co pricing policy was the only reason behind this change.

Angle and channel were up till middle of the week then started dropping. They were up by USD8/mt but declined by USD28/mt.

Steel producers are trying to sell their cargoes at higher prices in cash payment but two negative factors are resisting against them; including low demand and high competition. Change in prices also won’t let demand improve.  

 

Flat Products

HRC 2 mm thickness stayed stable at USD547/mt on truck in Anzali including 9% VAT. Lack of demand didn’t let prices improve.

Some market participants expect improvements in prices as global coking coal price has increased which made Chinese prices rise. Besides, Kazakhstan origin HRC won’t be available till next January. Some others believe market is depressed and last cheap price purchases would be enough for current demand level till January, thus won’t let prices improve.

HRC 2.5-4 mm thicknesses were also upward by USD13.9/mt to USD532/mt on truck in Anzali including 9% VAT. For thickness 8-15 mm prices were up due to previous weeks rises at IME.  HRP thickness higher than 15 mm was stable as Oxin and Kavian co products were available in the market. Demand is low and more improvements seems unaccepted but some participants expect up to USD13.9/mt rise due to changes in global markets.

CRC import supply level is low, but last purchased cargoes are enough for current demand level. Some participants were expecting market leader Mobarakeh Steel co increase prices at IME but it didn’t happen and in retail market prices increased up to USD13.9/mt. Market was quiet by end of the week.

HDG thickness lower than 70 mm was in limited supply, therefore prices improved

Ex-rate:
In open market:  Rials 35,910 /1USD

23 Oct 2016

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Mona Taban

Iran Steel Service Center

IFNAA News Agency

http://www.ifnaa.ir/en/home

Oct 23, 2016 08:56
Number of visit : 886

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