Other mills were also under pressure due to lack of demand and were forced to decline prices. By Wednesday lower billet supply made debar market a little improved.
I-beam size 14-18 was also down by USD 7 mt to USD 627 /mt ex-work Esfahan including 9% VAT but is expected to improve in coming days. The news about Esfahan Steel co exported debar cargo to UK, has made market participants hopeful as if it continues, would open domestic market doors to Iranian re-rollers. At the moment there are enough debar inventory at trader’s warehouses, though significant price fluctuation seems unlikely.
Source:Iran Steel News Bulletin