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Iran steel market trend in week 43rd – Flat products

Flat products prices were almost stable during last week in Iran. HRC 2 mm thickness was around IRR 20.40 to IRR 20.45 million per tonne on truck in Anzali including 8% VAT. Limited transactions were finalized. HRC 2.5 to 10 mm thickness had a silent market and despite limited market inventory, there was no interest in buying.

HRP market was also unchanged and no significant price movement was seen. CRC market experienced some improvements in price of thickness lower than 0.50 mm due to lower import level and also limited domestic supply level. But other sizes were stable.

HDG price was almost stable with just thickness 0.40 and 0.50 mm improved around IRR 100,000 per MT.

Source – Irsteel

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