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Iran steel market Trend in Week 20th , 2019

Billet

Billet price fluctuated a little during last week in Iran. Political news made average base price of billet down by USD19.5/mt and became upward again by the same amount till end of the week to USD 439 /mt ex-work excluding VAT. Generally, Long products and billet markets are quiet due to seasonal weakness of holy month of Ramadan. Authorities are easing steel export procedures which is actually a movement against current sanctions of USA.

Last week Iron ore pellet price rose to USD 95 /mt and DRI base price reached USD 175.5/mt. Gol-e- Gohar co DRI price started the week upward but by middle of the week was heard at USD 158 /mt.

 

Long Products

Average price of debar started last week at USD 507 /mt ex-work including 9% VAT on Saturday, till Monday reached USD 488/mt, then some mills rose prices by USD 10/mt. New policies for easing export procedures has made market sentiment positive. Authorities are also trying to make exchange market calm.

I-beam price also experienced some up and downs like debar during last week. First half of the week was downward and then prices moved back.

 

Flat Products

HRC 2 mm thickness was USD 686 /mt ex-work Esfahan and USD 634/mt ex-work Ahwaz including 9% VAT. But transactions level was very limited and this made prices downward. By Tuesday prices were USD 653 /mt ex-work Esfahan and USD 624 /mt ex-work Ahwaz. Till end of the week prices became upward again. Thicknesses 3-15 mm in Esfahan market also followed the same trend, as declined from USD 680/mt to USD 662/mt and rose again to USD 670/mt ex-work including 9% VAT. Transaction level was too much limited and market was quiet. Pipe and Profile Rolling co in Ahwaz is facing Slab supply shortage as slab export orders has made domestic supply limited but for Oxin co, Khouzestan Steel co is supplying its slab needs and the mill has limited problems. But market sadness made Oxin co HRP down from USD 639/mt to USD 629/mt ex-work including 9% VAT. Kavian Co HRP thickness 12-15 mm also declined from USD 641/mt to USD 629/mt.

CRC market was quiet and demand was scarce. Prices were downward from USD 823/mt to USD 804/mt ex-work including 9% VAT.

HDG price dropped but lower than other products. Average price decreased from USD 1015/mt to USD 1007/mt ex-work including 9% VAT. Lower zinc price also affected HDG market.

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CBI weekly average ex-rate for Steel Products (SANA): Rials 102,536/ 1USD

20 May, 2019

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Iran Steel News Bulletin

May 20, 2019 12:46
Number of visit : 733

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