Long products market was quiet during last week in Iran. Debar price dropped around IRR 100,000 per MT. Average price of Esfahan Origin debar declined from IRR 18.8 million per tonne to IRR 17.98 million per tonne. price of debar from other producers also dropped the same. I-beam price also decreased by around IRR 80,000 per MT to IRR 18.25 million per tonne ex works.
Market inventory has bottomed and warehouses are almost empty, so market participants hope that stockpiling improve market sentiment a little.
Meanwhile, Iranian steel producers are trying to increase export, some analysts believed that sanctions against Russia would be new chance for improving Iran steel export.
Source – Irsteel
Yaang Pipe Industry