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Iran Steel Market Trend Iran Steel Market Trend  (Visit Count : 2532)

Billet market was stable during last week in Iran. Size 150 mm from domestic leader Khouzestan Steel Co was offered at Rials10-10.1 million/mt ex-works including 9% VAT. Another offer was heard at Rials9.8 million/mt. Arfaa steel co billet was Rials9.8-10 million/mt ex-works including VAT. Private mills were offering billet size 120 mm at Rials9.4-9.8 million/mt.

Low supply level and lack of demand has made prices stable. Market is quiet and everyone is moving cautiously, therefore transactions’ level is at the bottom.


Long Products

Debar price was downward during last week in Iran especially for Esfahan Steel Co products which reached the bottom. Debar dia 14-25 mm in Esfahan market declined from Rials12.41million/mt to Rials11.95 million/mt ex-work including VAT. Average price of I-beam sizes 14-18 mm dropped from Rials14.81million/mt to Rials14.64million/mt. Angle and channel were also downward by around Rials300,000/mt on Monday.

Producers are faced with lack of margin as the gap between raw materials and finished steel products is reducing day by day. Income level and sales volume both are declining. If their sales volume was high despite lower prices, it was a little helpful. But at the moment they have to reduce production. It’s unlikely that this situation change till Parliament Election in next month.


Flat Products

HRC 2 mm thickness was stable during last week at Rials12.65/mt on truck in Anzali port including 9% VAT and custom duty and Rials12.4/mt at Imam Khomeini port. Transactions level was also limited. As demand level is low, Iranian producers can satisfy domestic needs at the moment. Mobarakeh Steel Co didn’t change its prices and HRC thickness 2.5-6 mm dropped by just Rials100,000/mt in retail market. Domestic prices should drop more. If not, imported materials at USD280/mt cfr Iranian port can be replaced as a competitive price.

HRP market experienced serious downward trend as by Tuesday Oxin co product dropped by Rials500,000/mt compared with a week ago. For HRP thickness higher than 15 mm, traders declined prices to increase sales volume. Therefore, prices reached Rials14million/mt or lower. But Oxin co stopped offering by middle of the week, this helped prices improve by Rials300,000/mt. If Oxin co increases supply level prices will decline again.

CRC market was stable during last week, rumors about higher custom duty changed market trend. Supply level was limited, though traders tried increasing prices, which was not accepted by market. CRC market trend will be clear within this week.

HDG market was also downward during last week and declined by up to Rials200,000/mt.

Date: 1/30/2016
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