In recent days, due to significant fluctuations in the exchange rate, we have witnessed price changes in some market bases. The movements of the steel market have become a challenge for many activists. The market is moving towards an unprecedented stagflation. In this regard, the price of cans and steel profiles along with sheets in the market yesterday was accompanied by significant changes and significant increases. In this note, we will evaluate these items in yesterday’s market. Please be with Artan Press.
*** Steel market movements in yesterday’s market
In yesterday’s market, no such change in steel starting rates was reported. Rates for most rebar factories remained unchanged and steel products increased. In the section of smelting products, rebar and beams were announced. The rate of Auxin and Kavian sheets decreased and the rate (gas pipe, furniture, galvanized sheet, colored and oiled) was announced unchanged. The rates of most steel ingot producers increased. This shows the overall steel market. Steel market movements in many parts of the chain have reached zero.
Most rebar factories announced their prices unchanged from the previous day. Rebar of Isfahan Steel Factory was announced in the company without change and in the factory. Most beam factories announced their prices unchanged from the previous day. The price of Isfahan Zobahan beam in the factory was announced. The price of Isfahan Zobahan beam in the company increased from 10 to 25 thousand Tomans.
*** The growth of the sheet field in the shadow of steel market movements
But no matter how stable the supply was in the long steel sector, the sheet industry was accompanied by a significant increase in price. In this regard, the price of black sheet increased by 100 to 600 tomans compared to the previous day. The price of Auxin and Kavian sheets decreased from 300 to 1000 Tomans. But the sheet price (galvanized, colored and oiled) was announced unchanged. Steel market movements are currently assessed positively due to the growth of the domestic home appliance market in the sheet sector.
*** Profile price growth in the shadow of the relative recession of the steel market
Price growth does not end with the sheet industry alone. The second significant growth in the market yesterday was in the field of steel profile cans. The price of most manufacturers of profile cans increased from 300 to 600 Tomans compared to the previous day. The price of various types of scaffolding and industrial pipes increased by 200 to 600 Tomans compared to the previous day. The movements of the steel market in the profile sector have been successful. Corner, stud and shield rates increased by 200 Tomans compared to the previous day.
With the growth of profile prices, other marginal markets of this product were also accompanied by price growth. Wire products (black wire) increased by 50 Tomans compared to the previous day. The price offered by most manufacturers of steel and alloy ingots increased by 100 Tomans compared to the previous day.
*** Summary of steel market movements; Rise 1000 Tomans of cans and profiles
According to what our analysts have arrested from some sources of cans and profiles, we have witnessed a price increase of 100 Tomans in this sector. Apparently offering a high-consumption product produced from 2 mm thick sheet in this area; Together with 800 to 1000 Tomans per kilogram, price increase; In the ceiling of the offered prices of this product, a figure around 24,800 to 25,000 Tomans can be heard. The movements of the steel market in this sector are strongly dependent on the exchange rate. If the exchange rate increases, this trend will continue regardless of the customer.
*** A look at the export rates of hot rolled sheets
Domestic steel market movements are strongly tied to export markets. Mobarakeh Steel hot rolled sheet trades were made today at an average price of 21,174 Tomans per kilo (9.5% higher than the base price). The average price of Mobarakeh Steel hot rolled sheet in previous transactions was 20217 Tomans per kilo and today the average price has increased by 4.7% compared to the previous average price of Mobarakeh Steel hot rolled sheet. Today, we saw a good demand to buy Mobarakeh Steel products in the Commodity Exchange. ️ The total value of Mobarakeh Steel production sheet transactions in the Commodity Exchange was 3338 billion Tomans.
*** The latest status of hot coil sheet transactions
Yesterday, the price of HR hot coil sheet was traded on the commodity exchange, equivalent to 98 to 115% of the export rate. According to the announcement of the Commodity Exchange on Tuesday, more than 183,500 tons of ingots and steel sheets are scheduled to be traded. The average base rate of Bloom ingots for tomorrow’s offers is 2.9% higher than the base rate and 2.4% higher than the rate discovered last week and has reached 129,207 Rials. The average price of 3.3% galvanized sheet base compared to the previous supply base has reached 263,833 Rials.
*** Steel market movements in the spring months
The movements of the steel market show that despite the growth of prices in the field of steel, the trend of registering transactions has been positive. This shows that many construction activists are willing to complete the work knowing that the projects are losing money. According to the Iranian Steel Producers Association, this figure was 1,410,000 tons in the same period last year, which compares to an 8% increase in the consumption of steel products in April this year, as well as 2,239,000 tons in April this year.
Steel ingots (slabs, billets and blooms) were consumed in the country, which shows a growth of seven percent compared to the consumption of the same period last year (2 million and 101 thousand tons). In the first month of this year, 1,521,000 tons of various steel products (beams, rebars, studs, angles, sheets, etc.) were consumed in the country.
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