HRC 2 mm thickness was offered at IRR 19,300,000 per tonne by December 22nd Saturday but started dropping to reach IRR 19,000,000 and rise again to end the week at IRR 19,200,000 per tonne on truck in Anzali including 5%VAT.Domestic production price dropped by IRR 150,000 per tonne.
Supply level has increased in flat products market.It increased from around 354,000 tonnes to 372,000 tonnes during last Iranian month.The rise in supply level beside low demand was just a chance for the buyers.
In CRC market,supply level dropped from around 91,000 tonnes to 72,000 tonnes during last Iranian month,but its price was downward last week.Import level also dropped from 7,800 tonnes to 4,400 tonnes during same period.
HDG market is in the same situation.Its supply level dropped from around 19,500 tones to 13,900 tones and import level was downward,although demand level was declining like other flat products.
Many market participants believe if the current situation continues,Iran steel market may face problems during coming months,unless demand level increase significantly.
