News

Iran steel market Trend in Week 35th , 2018

Billet

Billet price was downward during last week in Iran. Average price of sizes 125 & 150 mm declined from USD 842.5 /mt ex-work including 9% VAT on Saturday to USD 811 /mt on Tuesday. Market was not in a good situation as long products demand has also declined and billet suppliers prefered reducing stock level and stopped producing billet.

Market insiders had different ideas about billet price trend in coming days. One group think billet price will rise due to lower production level and the others believe billet price will continue declining as DRI price has been downward too. Generally it is unlikely that billet price in Iran drop to a level lower than USD 714 /mt ex-work including 9% VAT.

 

long products

Average price of debar dia 8-32 mm was downward from beginning of the week as declined from USD 1006 /mt to USD 968 /mt ex-work including 9% VAT. By Wednesdays some positive signs especially higher export inquiries made market up to USD 990 /mt ex-work including 9% VAT.

Average price of I-beam was unchanged for sizes 14,16,18 during last week at around USD 997 /mt ex-work including 9% VAT. Generally, market was quiet due to current situation and also religious Holidays in both Iran and Iraq.

                                             

Flat products

Imported HRC 2 mm thickness was USD 1190 /mt on truck in Anzali including 9% VAT and custom duties last Saturday and dropped by USD 3.5 /mt till Tuesday. By Wednesday started improving again to Saturday level. Domestic product from Ahwaz Rolling co was USD 71 /mt cheaper.

Market for thicknesses 3-15 mm was stable and unchanged. Demand was limited and scarce.

Price of Oxin co HRP was downward as price dropped from USD 926 /mt to USD 884 /mt ex-work including 9% VAT.

CRC price declined from USD 1437 /mt to USD 1430 /mt. CRC consumers were mostly in summer Holidays and demand was limited. HDG market was stable and didn’t face any significant change.

 

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Official Ex-rate (CBI):

Rials 42,000/1USD

Sep 03, 2018

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Iran Steel News Bulletin

Sep 3, 2018 16:30
Number of visit : 284

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