Steel Supply Report - April 14, 1403 (Iranian Calendar)
Today, the commodity exchane witnessed significant activity in the steel sector. Various steel products were supplied, reflecting the dynamics of demand and production.
flat steel :A substantial 40,000 tons of flat steel were made available.
Rebar: 466 tons of rebar were supplied.
Angle: 366 tons of angles were offered.
Steel sheets: A total of 13,500 tons of different types of steel sheets were released.
Billet: A substantial 205,900 tons of billets were brought to the market.
The base price for today’s billets supply ranged from 198,000 to 211,170 ($489/t-$521/t) Iranian rials per kilogram, excluding value-added tax.
These prices reflect market dynamics and production costs.
Comparison with Last Week's Transactions:
Last week, billets transactions occurred at an average balanced price of 211,480($521/t) Iranian rials per kilogram (excluding VAT).
Average price including VAT: 230,510 ($567/t) Iranian rials per kilogram.
New Offer in the Market:
Today, 40,000 tons of Khuzestan slab have been introduced at a base price of 236,000 ($582,70/t) Iranian rials per kilogram (excluding VAT).
The base price for billets remains within a competitive range compared to last week's transactions. However, the inclusion of VAT significantly impacts the final price, as evident from the contrast between pre and post-VAT prices.
The new offer of Khouzestan steel slab at 236,000 Iranian rials per kilogram ($582/t) suggests a higher price point compared to the base price range for billets. This may indicate premium quality or specialized characteristics of this particular product.
The ongoing war-related disruptions, energy price fluctuations, and demand uncertainties continue to impact the steel market.
Apparent steel consumption has faced challenges, but there are hopes for a modest recovery in the future.
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