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Iran steel market Trend in Week 20th , 2018

Billet

During last week, domestic billet sizes 125 and 150 mm didn’t change significantly in Iran. Private mills’ average price started the week at USD 587 /mt ex-work including 9% VAT, then dropped to USD 581 /mt and rose again to USD 587.4 /mt ex-work including 9% VAT by end of the week.

Big mills billet price was down as Khazar steel co billet price declined from USD 624 /mt to USD 600 /mt ex-work including 9% VAT. Other mills’ prices were almost the same. Generally, buyers are cautious and sellers are confused. DRI price is stable at the moment and is in limited supply, therefore billet price has reached the bottom level. Scrap price may drop too but in Holy month of Ramadan its supply level drops and we can say market is experiencing bottom price of billet at the moment.

 

Long products

Debar price experienced some marginal declines during last week in Iran. Average price of debar diameter 8-32 mm started the week at USD 679/mt ex-work including 9% VAT by Saturday and reached USD 669/mt by Tuesday. Esfahan Steel co debar deal at IME by Monday at base price of USD 624 /mt ex-work excluding 9% VAT helped market sentiment as participants became sure that minimum average finished price would be around USD 667 /mt.

As holy month of Ramadan has begun, market would be quiet for a while and is not likely to fluctuate much.

I-beam price was downward during last week as average price of sizes 14-18 mm dropped from USD 742/mt ex-work Esfahan to USD 732/mt ex-work including 9% VAT and transactions level was also limited.

 

Flat Products

Imported HRC 2 mm thickness was USD 726 /mt on truck in Anzali including 9% VAT by last Saturday and ended the week at USD 712 /mt. HRC 2.5 mm thickness was in limited supply like 2 previous weeks. For thicknesses 3-15 mm price declined from USD 704.5 /mt to USD 692 /mt by end of the week. Demand was limited and there was no interest in deals.

Oxin co plate thickness 8-40 mm experienced some upward trend as rose from USD 711/mt to USD 717 /mt ex-work including 9% VAT by Wednesday. The upward momentum was due to limited slab supply at IME and also change in conversion fees for converting slab to flat products which affected prices. Kavian co supply level was limited during last week but is expected to improve in coming weeks.

CRC market was almost stable during last week as average price of thickness 0.40-2 mm started the week at USD 853 /mt and finished it at USD 847/mt including 9% VAT. By Monday, Mobarakeh Steel co sold 23,000 tones of its CRC at base price of 699 /mt excluding VAT which is equal to USD 762/mt including 9% VAT. But finished price for imported CRC ( USD 640/mt cfr Anzali) would be around USD 774 /mt on truck in Anzali including 9% VAT and custom duties. Therefore, it is unlikely to rise more as if Mobarakeh Steel co increase its prices, interest in imported cargoes would rise.

 HDG price was downward as sizes 0.40-2 mm dropped by USD 11 /mt to USD 1002 /mt ex-work including 9% VAT. Buyers were also interested in more discounts.

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Official Ex-rate (CBI) :

 Rials 42,000/1USD

19  May ,2018

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Iran Steel News Bulletin

 

 

May 19, 2018 15:35
Number of visit : 799

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