Iran Steel Market Trend in Week 51st - Flat products
Hot
rolled coil experienced an upward movement for some sizes in Iran steel
market despite limited deals during week 51st . HRC 2 mm thickness was
up by around USD6/mt to finish the week at USD 741/mt on truck in Anzali
including 6% VAT. Price of HRC 2.5 to 15 mm thickness from Mobarakeh
Steel Co was stable, it has reached the bottom and seems that there is
no room for more declines. HRP price from Oxin and Kavian Steel mills
were downward due to import market competitiveness and finished the week
at USD718/mt ex-work including 6% VAT.Beijing Topensea steel pipe
CRC
market was in a stable trend regarding supply and demand level. CRC
import level was around 8,000 tones during first 25 days of last Iranian
month (22 Nov -16 Dec) but was around 2,800 tones during 23 Oct -21
Nov, and helped market Beijing Topensea steel pipe to be more stable. It
should be noted that demand level is still low in CRC market.
Iranian HDG market experienced a quiet week with no change in prices.
Source – IR Steel
