It is reported that HRC 2 mm thickness experienced around IRR 4.6 million per tonne rise during week 52. Main reasons behind the rise are lower import level and higher ex rate. Other sizes of HRC were in the same trend as import level has dropped significantly.
Mobarakeh Steel mill offered around 308,000 tonnes of HRC at IME during last Iranian month and its prices were up by IRR 200, 000 million during last week. For thickness of higher than 15 mm, at the moment Oxin Steel Mill is the only supplier in Iran domestic market and import level has dropped too. Meanwhile low demand and selling at high tonnage do not let its prices to increase.
CRC market was somehow upward during last week. Its supply level has dropped both in import and domestic markets. Supply level has dropped around 25% during last Iranian month to 72,535 tonnes compared to a month ago. If ex rate stabilizes, CRC price should increase.
HDG market was upward during last week. When other products were downward by end of the week, HDG price didn't follow the trend due to limited supply level. HDG supply level has been declining during last 6 months and is unlikely to improve in coming future.
Although, CRC supply level is low, so HDG market won't experience lower prices in near future.
