Compared to the same period of the previous year, this year Iran's semi-finished steel exports decreased by 1% and reaching 631,000 tons in April.
Iran's semi-finished billet and blooms exports reached 451,000 tons in April, and slab exports tripled compared to 2022, reaching 180,000 tons.
In the first month of the new year, Iran's steel products exports increased by 20% compared to the previous year, and the country's total steel product exports amounted to 220,000 tons.
Among steel products, the export figure of long steel sections increased by 13% to 178,000 tons in April.
Comparing to April of 2022, this year the export figure of rebar increased by 11% and reached 161,000 tons.
It was reported that flat steel section exports increased by 56% to 42,000 tons.
Flat steel import prices in the UAE have increased, but buyers are still undecided on the market direction.
Steel import prices to the UAE have increased in the last week, but buyers buyers were hesitant to booking in large quantities as they were unsure of future price movements.
The import price of hot rolled coils in the UAE decreased by -5.88% compared to the previous month. Also, while the price is at $630-650/t CFR, Japan offered $670-680/t CFR last week.
On the other hand, Indian origin hot rolled coil traded $635/t CFR during the week.
China, made an offer to Saudi Arabia, gave a price of 670 -685/t CFR for 1.2 mm thick hot rolled coil.
Due to the weak demand for steel rebar and billet prices in the UAE, it has caused mills to cut their prices.
Compared to the previous month, import prices of rebar decreased by -1.65%. In price evaluation, the import price of rebar last week was $647-653/t CFR, while this week it has decreased to $643-650/t.
On the other hand, Billet import price decreased by -9.50% compared to the previous month, and traded at $545-550/t while it was 607.5 - 617.5 $/t.
Comments
No comment yet.