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Metalsnews: Long products market started the week quiet. End of Ramadan Holidays in middle of the week made market almost unchanged. On Saturday average price of debar diameter 14-25 mm was USD 433 /mt ex-work Ahwaz and USD 444 /mt ex-work Esfahan including VAT. I-beam size 14, 16 and 18 mm was also USD518 /mt ex-work Esfahan including VAT.

By Sunday some talks about possible rise in prices was heard. Finally By Wednesday after billet price increased in IME, long products also surged suddenly. Debar diameter 14-25 mm finished the week at USD 446 /mt ex-work Esfahan including VAT and Ahwas product was not being offered. I-beam average price was also around USD 5 /mt higher than Saturday. I-beam size 16 mm was not being offered much.

By Wednesday angle and channel producers stopped offering after USD 5 /mt increase in prices.

Esfahan Steel co has increased its debar price at IME recently, therefore upward trend in retail market would be possible in near future. Besides, upward trend of billet at IME has made this expectation more possible.

 

Source: IFNAA News Agency

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