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Iran steel market trend in week 30th – Flat products

Hot rolled coil 2 mm thickness experienced some rise in price mainly due to higher ex rate in exchange room by Central bank. Import level has not changed compared to previous months but sellers have tried to increase prices by USD 10 to USD 15 per MT which may not continue as summer holidays in Europe has begun. Many market participants expect prices drop again.

HRC 2.5 mm to 10 mm thickness from domestic producer Mobarakeh Steel Company was stable in price mainly due to low supply level as demand is low.

HRP price improved a little especially for size 12 mm as market inventory is so much limited. There are some rumors that supply level will increase after Eid al Fitr holidays in August. Price of HRP thickness 15 mm or higher was unchanged.

In CRC market supply level of Kazakh origin products increased and all thicknesses higher than 0.60 mm are available in the market. Demand level is yet limited but higher ex-rate in exchange room helped prices staying stable.

In HDG market demand level improved and helped prices increase by up to IRR 300,000 per MT.

Source – Irsteel.com

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