[Your shopping cart is empty


Iran Steel Market Trend in Week 05th , 2023

Iran Steel Market Trend in Week 05th  , 2023


Billet price was stable before new offers at IME ( Iran Mercantile Exchange)  and the demand was limited, but on Tuesday, price went up with the announcement of new power tariffs.

Finally billet price was up from USD 637/mt to USD 643/mt ex-work including VAT by end of the week.


Long Products

Following higher power costs, producers increased rebar prices and its effects on the market will be more clear in coming days. Rebar average price changed from USD 724/mt to USD 731/mt ex-work including VAT.

I-beam price was upward by Esfahan Steel co market management from USD 886/mt to USD 923/mt.


Flat Products

Price of 2 mm thickness HRC ex-work Mobarakeh was USD 1053 /mt on last Saturday, which reached USD 1147 /mt by Wednesday. The mill’s market management and its supply trend at IME made market upward.

With higher global slab price and higher electricity costs along with the increase in Mobarakeh Steel co products, Oxin co HRP price also had an upward trend from USD 1039/mt to USD 1064/mt.

Limited supply and inflationary expectations made CRC price up from USD 1493/mt to USD 1592/mt ex-work including VAT.

Higher HRC price and upward market sentiment made HDG price also up from USD 1443/mt to USD 1519/mt ex-work including VAT.


Weekly Analysis:

Better economic statistics of USA market and China demand has increased positive sentiment in the world market. Global prices are upward and demand is strong, so demand for Iranian steel products will remain attractive in coming weeks. Any way still the main issue is exchange rate. Probably, this week we will see imported HRC and CRC cargoes be available in the market, considering that their price has increased in the world market, in order to maintain the market, the difference between the initial supply price and the current market rate will not be serious, but it will slow down or reverse the upward trend of prices.In the current situation, market insiders are focused on the currency rate and the price of gas and electricity.


CBI weekly average ex-rate for Steel Products (SANA): Rials 285,000/ 1USD

05 Feb 2023


Iran Steel News Bulletin




Feb 6, 2023 15:13
Number of visit : 567


Sender name is required
Email is required
Characters left: 500
Comment is required