Metalsnews: strong fluctuations, made some debar suppliers avoid offering by last Saturday. By Sunday average price of debar diameter 8-32 mm was USD 812 /mt which reached USD 821 /mt by Monday.
Low supply level made price upward to USD 834 /mt. Some mills like Khorasan Steel co are in maintenance period and are not supplying debar. Some insiders expect debar price drop in coming days as some traders started strong supplies from last Wednesday. A significant concern at the moment is possible effect of lower export level of raw material and finished steel products by next month. Domestic market is under pressure.
Esfahan Steel co sold 25, 000 tons of its I-beam at bottom base price of USD 680 /mt . Some cargoes were sold at USD 728.5 /mt ex-work excluding VAT. In retail market, average price of I-beam rose from USD 794 /mt to USD 819.5 /mt including VAT.
Other long products were in a same mood as debar.
Source: Iran Steel News Bulletin