Metalsnews: HRC 2 mm thickness was offered at USD 639 /mt on truck in Anzali including 9% VAT and custom duties by last Saturday, but was downward during the week as reached USD 632 /mt on truck in Anzali by end of the week. Ex-rate was upward but lack of demand and higher domestic supply level made price downward. Upward trend in global markets has not been followed in Iran and this may happen in coming weeks.

HRC 2.5-6 mm thickness was down by USD 11 /mt for Mobarakeh Steel co offers. Downward trend was followed for sizes 6- 15 mm but in slower pace.

Lack of demand is the main reason behind downward prices as especially traders were just watching market.

HRP market of Oxin and Kavian co was also downward as Oxin co product declined by USD 2/mt to USD 558 /mt ex-work including VAT for sizes 10-40 mm. Kavian co HRP size 8-25 mm was almost stable at around USD 540/mt.

CRC market was quiet. Buyers prefer just watching market trend. But domestic and imported cargoes are available in the market. Price of thicknesses 0.90-15 mm is lower being offered by domestic market leader Mobarakeh Steel co. If any demand, would be interested in this kind of material.

HDG supply level was limited and some sizes were improved in price by up to USD 11 /mt. Besides, demand is still low.


Source:Iran Steel News Bulletin

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