The issue obtained from the evaluation of international and export steel prices in analytical journals shows a significant and significant growth in steel ingot and slab transactions. One of the most important reasons for this growth can be considered the strong demand in global markets, especially after the Chinese New Year holidays. In the following, we will evaluate and analyze this issue. Please be with Artan Press.
*** Evaluate the price of ingots in the domestic and export market
The average price of billets We will first evaluate the price of ingots in the Iranian export market. Estimates show a 4% increase in the price of ingots in the Iranian stock market, although this price increase, despite the high cost of steel in Iran over the past six months, is practically reasonable. Regarding the volume of Iran’s exports, it should be noted that the export rate Iran reported $ 551 per tonne, down 0.8 percent from the previous week. The reason for this is the unreasonable high prices of sections in the middle of winter in the Iranian Steel Exchange.
*** Evaluation of export price of Iranian slabs
Slab contraction joints should intersect at the openings for columns and should intersect at the openings for columns. The average price of Iranian export slabs was $ 600 per ton, which does not show any change compared to the prices of the previous week. The prices of slabs and ingots are interdependent and this signal has been given in the market that we will most likely not see price growth in the ingots sector in the domestic and foreign markets until the end of this year. Of course, if the price level is not suddenly caught in the foreign market, this analysis will be correct, otherwise with any change in the foreign market, we will see a change in prices in the domestic market.
*** Causes of cross-sectional decrease in the price of domestic steel ingots
But investigating the reason for the decrease in the price of steel ingots in recent days in the Iranian market, which occurred intermittently, is an issue that is not far from the eyes of analysts. Last week, lower prices for raw materials (iron ore and scrap) led to lower prices for Iranian steel ingots. But significant purchases did not allow prices to fall more than we see in the current situation. However, the ceiling price of Iranian steel ingots did not change compared to the previous week, and one shipment of export billets was sold at a price of $ 560 per ton.
*** Stability in slab transactions
Slab trading is stable in the last week of this year. This stability can also calm the domestic bullion market. The prices published by Metal Bulletin show that the average FOB price of Iran’s export slabs did not change compared to the previous week, and the slabs were traded at $ 590 to $ 610 per ton. Last week, the FOB price of Iranian export billets in the country’s ports was $ 542 to $ 560 per ton, which shows a decrease of 0.8% on average compared to March 11 prices.
*** Take a look at the international markets for steel ingots
The price of steel in the CIS region, which is the basis of steel prices in the Iranian Commodity Exchange according to the method of regulating the steel market, is also an issue that should be considered. The last price of CIS export slabs in Black Sea ports last week was $ 670 to $ 700 per ton, which shows a growth of 1.9 percent compared to previous prices. The export price of CIS billet reached $ 579 per ton, which shows a growth of 0.9%. The latest CIS export rebar price last week was $ 635 to $ 660 per tonne, indicating a 0.8% price increase. The price of CIS hot rolled sheet also reached $ 750 to $ 775 per ton, which shows a growth of 4.4 percent.
*** Dollar estimate of Iranian export ticket price
The average price of an Iranian export ticket was $ 555.5 per ton, which shows a significant growth of 2.4% (equivalent to $ 13 per ton) compared to the previous week. The average price of Iranian export slabs was $ 600 per ton, which does not show any change compared to the prices of the previous week. For the third week in a row, Iranian steelmakers were able to sell their steel ingots to foreign customers at higher prices.
*** Global growth in steel ingot prices
A review of the latest Metal Bulletin report on global steel markets shows that steel bullion prices have risen in most parts of the world, with CIS export billets, Indian export billets, Turkish export billets and East Asian import billets rising. According to the report, the export price per tonne of export billet of the CIS FOB Black Sea region increased by $ 7 to $ 587 per tonne and also the average price per tonne of export billet of India FOB ports increased by $ 2.5 to $ 542.5 per tonne. Has registered.
*** Ingot growth in CIS
Turkey’s FOB export port also rose $ 12.5.5 per tonne, while imports of East Asian major ports rose $ 7.5 to $ 605 per tonne. It should be noted that in the latest Metal Bulletin report, the prices of Iranian steel products and other CIS exports did not change compared to the previous report of this publication, except for the billet.
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