Billet
Billet
price was downward during last week in Iran. Average price of sizes 125 and 150
mm dropped from USD 698.5 /mt to USD 685/mt ex-work including 9% VAT. Demand
was scarce and mills were ready to sell with delayed payment. Downward trend is
expected to continue for a while as long products market is quiet with its
production level declining a lot and also downward trend in exchange market.
long products
Long
products market experienced a week with around USD 19 /mt decline in price as
debar diameter 8-32 mm dropped from USD 820 /mt to USD 800 /mt ex-work
including 9% VAT due to fluctuations in ex-rate and also increasing offers by
traders from stocked inventories. Besides, worries about sanctions which has
made investors go to other sections with lower risk. Generally, market is
confused.
Downward
trend of debar affected billet, scrap and DRI market too. DRI at base price of
USD 300 /mt was not interesting for buyers.
Flat products
Imported HRC
2 mm thickness droped from USD 827 /mt to USD 808 /mt on truck in Anzali
including VAT and custom duties. Import level is at the bottom as may drop to
lower than 5000 tones in next month in Iran. But domestic mills like Ahwaz
Rolling Co are taking market share. Thickness 3-15 mm also dropped from USD 772
/mt to USD 743 /mt ex-work including VAT.
Oxin co
HRP thickness 10-40 mm also dropped from
USD 776.5/mt to USD 768 /mt during last week. Demand is low and prices are
downward.
CRC
thickness 0.50-2 mm also experienced lack of demand and its price dropped. Import
has stopped and market is for Mobarakeh Steel co but lack of demand has made
prices downward and is not expected to improve in near future.
HDG
market was upward despite all other steel products. Average price of sizes
0.40-2 mm improved from USD 1067.5 /mt to USD 1091/mt ex-work including VAT. As
import cargoes prices have increased, domestic market price also rose due to
limited supply level.
Official Ex-rate (CBI):
Rials 42,930/1USD
July 08 , 2018
----------------------------------------------
Iran Steel News
Bulletin