SteelOrbis has been informed that on November 8, 2007 wholesale prices for Iranian origin flat products in the local market stood at the following levels:
Product |
Producer |
Price Range |
HRC 3-12 mm |
Mobarakeh |
$830-845/mt |
CRC 0.5-1.00 mm |
Mobarakeh |
$745-815/mt |
HDG coil 0.4-1.00 mm |
Mobarakeh, Fajre Sepahan Co. |
$1,010-1,075/mt |
All prices are on ex-warehouse basis for prompt shipments.
As the main supplier of HRC in Iran, Mobarakeh is not able to meet market demand for HRC. On the other hand, the producer has increased its CRC output since the beginning of 2007 by running new cold rolling lines. The company produced 2.449 million metric tons of hot rolled coil and 600,000 metric tons of cold rolled coil during the first six months of the current Iranian year (21.03.2007-20.09.2007). However, since consumption of HRC outweighs that of CRC due to the greater use of the former in various industries, HRC demand in Iran is higher than CRC demand. Therefore, HRC prices are higher than CRC prices.