|Iranian steel market trend in week 08 2012 - Flat products - 29 Feb, 2012|
2 mm HRC was offered at USD 900 per tonne on truck in Anzali including 4% VAT. By middle of the week, prices were upward and reached USD 927 per tonne by end of the week. Other flat products of Mobarake Steel were almost stable in prices. Kavian Steel and Oxin Steel mill's prices were unchanged.|
The main reason for current stable price of HRC is New Year holidays coming and lower demand and more supply of Mobarake Steel and Russian and Chinese products in the market. But market participants are waiting for some increases in price of HRC like other steel products current market trend.
CRC and HDG markets were stable too. Just 0.70 mm CRC was very limited in supply level and some shortage is expected for thicknesses of 0.80 and 0.90 during coming weeks.
Generally in all steel products market some rises in prices is expected due to limited supply level. Market is waiting for parliamentary election to see some more clear policy of government regarding economic situation of the country.
(Sourced from www.irsteel.com)
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