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Iran steel market trend in week 46 - Long products
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Wednesday, 21 Nov 2012

Long products market was so depressed during last week in Iran. Debar price dropped from IRR 18,500,000 per tonne to IRR 16,200,000 per tonne in Tehran retail market. In Ahwaz market debar price decreased from IRR 19,300,000 per tonne to IRR 16,800,000 per tonne and in Esfahan from IRR 19,400,000 to IRR 17,200,000 per tonne including 5% VAT.

Debar traders in Tehran worried about market stoppage in coming week for religious mourning ceremonies tried to destock their warehouses to increase cash flow. But as demand level was low this policy made prices decline more.

Demand level has declined both end users and public projects have lower demand, besides supply level has dropped too. Debar supply level at IME declined by 82% compared to last Iranian month and debar and I-beam supply level dropped 57%. For I-beam alone supply level at IME declined by 100%. With downward trend of long products market, steel mills will have many problems due to cash shortage.

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