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[ferro-alloys.com] HRC import level to Iran has reduced during last 2 months, which has led to limited supply level in domestic market. Low market inventory made price upward during last week. Prices were up by USD28/mt to USD817/mt on truck in Anzali including 6% VAT and custom duty, although deals were finalized at USD 805 to USD 809 per /mt.

HRP price reduced during last week despite lower supply level of Kavian Steel Mill, mainly due to shortage of demand and higher supply level of other producer Oxin Steel. HRP market would be almost stable in coming days as it is last week of the month besides religious holiday as the end of the week.

CRC import level has reduced currently as it is not profitable for importers. CRC price increased due to low supply level mainly as Mobarakeh Steel Mill declined supply level too. Prices were up by USD 4-20/mt depending on size.

HDG demand level didn't change during last week, but limited market inventory made its price improve by up to USD60/mt in some cases depending on demand level.

Market participants still prefer wait and see policy to have a clear outlook about future of sanctions against Iran. It is obvious that Iran steel market needs higher export level to improve as current domestic demand level is much lower than production capacities of Iranian steel mills.

• [Editor:editor]