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Iran steel market Trend in Week 48th , 2018

Iran steel market Trend in Week 48th    , 2018

Billet

Price of domestic billet size 125 and 150 mm declined during last week in Iran from USD 886/mt to USD 838/mt  ex-work including 9% VAT. By Wednesday, market was completely quiet and DRI was not transacted at IME ( Iran Mercantile Exchange). Khouzestan Steel co billet dropped from USD 830 /mt a week ago to USD 771/mt ex-work including 9% VAT.

Main reason behind downward trend of billet in Iran was the decline of ex-rate in free market to lower that Rials110,000 /1 USD. This trend affected long products demand negatively too. Lower long products prices will decline billet demand too.

 

Long products

Long products were downward during last week in Iran as expected. Average price of debar diameter 8-32 mm declined from USD 1015/mt to USD 988/mt ex-work including 9% VAT. Average price of I-beam size 14,16,18 from Esfahan Steel co also declined from USD 1065 /mt to USD 1044 /mt ex-work including 9% VAT. Khorasan steel co debar basket also declined from USD 903/mt to USD 884.5 /mt. Esfahan Steel co debar diameter 14 mm rose from USD 876 /mt to USD 890 /mt ex-work including 9% VAT. Size 16 mm also experienced the same.   

In retail market competition between producers was strong and this made downward trend stronger which is expected to continue in coming days.

 

Flat products

Domestic HRC 2 mm thickness dropped from USD 1374/mt to USD 1333/mt ex-work Esfahan including 9% VAT. Ahwaz Rolling and Pipe co product also dropped from USD 1309.5/mt to USD 1286/mt ex-work including 9% VAT. Mobarakeh Steel co product thicknesses 3-12 mm improved a little during the week from USD 1049/mt to USD 1053/mt ex-work including 9% VAT due to limited supply of thicknesses 6-12 mm. For thicknesses higher than 6 mm, Mobarakeh Steel co base price improved by USD 5/mt but sizes lower than 6 mm was not interested for buyers and declined by USD 0.23 /mt.

Market’s wait and see policy will gradually effect on Mobarakeh Steel co pricing policy. The mill will resist against downward trend as market leader, but it would resist till its products costs let.

Kavian co HRP thickness 10-30 mm was around USD 976/mt and market was in downward trend. Oxin co HRP thickness 10-40 mm was stable at around USD 988/mt as price has reached the bottom.

CRC price was downward as price of thicknesses 0.40-2.5 mm dropped from USD 1772/mt to USD 1742/mt ex-work including 9% VAT. Demand level is low and investors are not interested in this market any more.

HDG market was downward mostly for Seven Diamond co products as average price of thicknesses 0.45 -1.5 mm dropped from USD 2114/mt to USD 2081/mt ex-work including 9% VAT. As HRC market is downward, it would affect HDG price too.

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Official Ex-rate (CBI):

Rials 42,000/1USD

Dec  03, 2018

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Iran Steel News Bulletin

 

Dec 3, 2018 15:03
Number of visit : 569

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