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Local mills in Iran sold rebar this week at 15.60-15.90 million rials ($439-448) per ton ex-stock Tehran.
Local mills in Iran sold rebar this week at 15.60-15.90 million rials ($439-448) per ton ex-stock Tehran.

Steel Prices Dip Despite Recovery in Construction Sector

Steel Prices Dip Despite Recovery in Construction Sector

Steel prices in Iran dipped slightly over the past week, despite signs of a pick-up in construction activity.
“It is a buyer’s market now in Iran,” Metal Bulletin, a UK-based specialist international publisher and information provider for the global steel, non-ferrous and scrap metals markets, quoted an unidentified local trader as saying. “We have better demand now [than in the spring], due to an increase in activity in the construction sector, but [it’s] far from a booming market.”
Billet in sizes from 125x125mm to 150x150mm traded this week at 13.00-13.50 million rials ($366-380) per ton ex-stock Tehran, down from 13.20-13.60 million rials ($372-383) per ton last week.
CIS suppliers were offering billet at $340-350 per ton cfr Iranian northern ports, down $5 per ton over the week.
Local mills in Iran sold rebar this week at 15.60-15.90 million rials ($439-448) per ton ex-stock Tehran, slightly higher at the top end of the range from last week’s 15.60-16.10 million rials ($439-453) per ton.
The country’s leading supplier of rebar, Esfahan Steel, sold rebar through the IME (Iran Mercantile Exchange) at 14.00-14.30 million rials ($394-403) per ton ex-stock.
And 2-5mm gauge hot rolled coil (HRC) was sold at 18.20-19.40 million rials ($512-546) per ton ex-stock Tehran, down from 18.30-19.60 million rials ($515-552) per ton last week.
Mobarakeh Steel Company sold HRC through the IME this week at 15.45-15.65 million rials ($435-440) per ton ex-works.

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