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Iran steel market Trend in Week 51st , 2017

Billet

Billet market was upward during last week in Iran. By last Saturday billet size 150 mm was offered by private mills at USD 468.5 /mt and size 125 mm was USD 464 /mt ex-work including 9% VAT , but demand level was weak.

Finally, by end of the week billet price rose and size 150 mm was by average USD 480.5 /mt ex-work including 9% VAT and size 125 mm reached USD 471 /mt ex-work including 9% VAT.

Higher billet price has made scrap market active as its price passed USD 382 /mt during last week.

Iran need to expand its billet export level as current production capacity is more than domestic needs.

 

Long products          

Average price of debar size 14-32 mm started last week at USD 556 /mt ex-work Esfahan including 9% VAT. In Dezfool market it was USD 526 /mt ex-work including 9% VAT. Market was quiet till Monday when billet price was upward. As Esfahan Steel co sold its billet at USD 464 /mt ex-work excluding VAT, long products market sentiment became positive and traders accepted upward trend of billet, therefore they increased debar purchases and made inventory level high.

Esfahan Steel co debar size 14 and 16 mm was limited and higher purchases made prices upward. As by last Wednesday average price of Esfahan Steel co debar reached USD 559 /mt and Roohina Steel co product in Dezfool was USD 535.5 /mt ex-work including 9% VAT.

As billet price is upward debar market will also improve in near future. But there are also some risks such as low demand in global markets due to New Year Holidays.

I-beam market was almost stable during last week in Iran as sizes 14-18 mm improved by just USD 2 /mt to USD 655 /mt ex-work including 9% VAT but demand level was limited.

 

 

Flat Products

HRC 2 mm thickness was stable at around USD 672 /mt on truck in Anzali including 9% VAT and custom duties despite rises in global markets. High supply level has made prices unchanged. During last Iranian month HRC 2 mm thickness import level reached 76254 tones the highest rate during last 9 months. Besides domestic supply level is also available. Average price of sizes 2.5-15 mm in domestic market was USD 602 /mt ex-work Esfahan including 9% VAT which stayed almost unchanged till end of the week due to market depression and lack of demand.

HRP market was upward for sizes of higher than 15 mm for Oxin co products. Its price rose from USD 571 /mt to USD 581 /mt ex-work including 9% VAT. Kavian co HRP price also rose due to low supply level. Thickness 15-25 mm of the mill rose from USD 548 /mt to USD 557 /mt ex-work including 9% VAT. Kavian co supply level for sizes lower than 15 mm and higher than 30 mm was limited.

CRC market was quiet. By middle of last week, thickness lower than 0.60 mm experienced higher price and made average price of CRC rose from USD 759.5 /mt to USD 764 /mt on truck in Anzali including 9% VAT and custom duties. As global markets prices have been upward recently, market participants expect CRC price upward in coming weeks. But another point is that inventory level of CRC is high and more than 50,000 tones of CRC has been imported from 23 Oct – 21 Nov and a month later it dropped to 19,000 tones.

HDG market was in limited supply for some sizes especially thickness 0.90- 1.5 mm which made prices up by USD 5 /mt  and reached USD 907 /mt ex-work including 9% VAT by end of the week.

Ex-rate:
In free market:  Rials 41,830 /1USD

25  Dec ,2017

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Iran Steel News Bulletin

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

 

Dec 25, 2017 16:47
Number of visit : 764

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