The local Iranian hot dip galvanized market has been experiencing a declining trend in the last two weeks in line with the fall in global steel prices. 0.5-1.00 mm thick hot dip galvanized coil is currently standing in a price range of $900-1,000/mt ex-stock Tehran, down from $920-1,020/mt two weeks ago.
Local state-owned producer Mobarakeh Steel, Iran's main supplier of hot dip galvanized, has not changed its official sales price for hot dip galvanized, however the mill's last HDG sales via the IME to the local market on October 5, was effected at $847/mt ex-works.