Imported HRC is expected to be upward slowly in Iran as MMK is not offering and Kazakhstan origin HRC is not available at high quantity. Domestic product thickness 2.5-15 mm was also upward by Mobarakeh Steel Co and finished the week USD 8 mt higher. Kavian co HRP also improved by USD 5 /mt, but Oxin co prices stayed unchanged.
At the moment market participants expect prices to be upward as rise in billet price will affect slab price too.
CRC market was quiet and unchanged. Ramadan Holiday affected last week market sentiment but generally mills’ summer maintenance and stoppage is coming, though, any significant change in market trend seems unlikely. Besides, CRC demand is weak and available market inventory is enough.
HDG market was calm with some sizes rose by USD 3 /mt.
Source: IFNAA News Agency