Sizes 14 and 16 mm were in limited supply which helped price rise to USD 563 /mt ex-work including 9% VAT. Demand was scarce but prices were upward. Roohina Steel co debar was also offered with big discounts but by end of the week limited billet supply made these discounts limited.
I-beam price moved in an opposite way as average price of sizes 14-18 dropped by USD 4.5 /mt to USD 643 /mt ex-work including 9% VAT by Wednesday.
Debar bottom price is USD 505/mt ex-work excluding 9% VAT in Iran as mills can’t afford producing at lower price.
Source:Iran Steel News Bulletin