Iron Ore
Ceramland Steel: Last week, the price of 62% pure iron ore fell from around $106 to less than $102 per ton CFR in the Chinese iron ore import market. Contrary to expectations, the annual session of the Chinese parliament did not provide major economic stimuli to boost the commodities market and instead emphasized the continuation of last year’s easy policies, which affected the iron ore market.
Scrap
Ceramland Steel: In the Turkish scrap import market, the average price of heavy scrap improved by $20-80 to $10 last week to $374 per ton CFR, but the Turkish rebar market is still in recession.
Japanese Grade 2 heavy export scrap rose $7 to $282 per ton FOB. The average price of heavy import scrap in East Asia also fell $5 to $340 per ton CFR.
Billet
Ceramland Steel: Last week, the average export billet price fob Black Sea fell from $440 to less than $438 per ton fob. In the domestic Chinese market, billet prices fell from $424 to $419 per ton ex-factory. Chinese export billets also remained stable at $435 per ton fob.
In the Southeast Asian import market, billet prices were reported at $464 per ton cfr. In Turkey, imported billets also rose by $2 last week to about $458 per ton cfr.
Billets in the Iranian market
Iranian Steel: With the fall in the exchange rate, the approaching end of the year and the delivery of ingots in the following year, demand has retreated and the price has started to decline.
Sections
Iranian Steel: Last week, the price of Chinese export rebar remained at $469 per ton fob. On the Shanghai Stock Exchange, the rebar futures contract for May delivery decreased by $6 to $451 per ton. The price of Turkish export rebar also increased by $5 to $566 per ton fob. Also, last week, imported rebar in Southeast Asia remained at $481 per ton cfr.
On the other hand, in the domestic market of the United States, rebar was stable at $795 per short ton ex-factory. In the domestic market of Europe, rebar was also stable at €605 per ton ex-factory.
Sections in the Iranian marketpalce ceramland
Sheet
Iranian Steel: Last week, hot rolled sheet export FOB Black Sea remained stable at $480 per ton FOB. Hot rolled sheet export from China did not change significantly, increasing by $1 to $474 per ton FOB. In Southeast Asia, the average price of imported hot rolled sheet improved by $3 to $483 per ton CFR.
It is worth noting that in the European domestic market, hot rolled sheet increased by 13 euros to €625 per ton ex-factory. In the US domestic market, hot rolled sheet also increased by $40 to $940 per short ton ex-factory.
Sheet in the Iranian market ceramland
Weekly Analysis
World Market
ceramland Steel: Brent oil price has reached $70 and OPEC oil has reached less than $68. The outlook for oil prices is not bullish and the market is stable with excess supply. Iron ore has decreased by $3 to $7 depending on its grade and origin to $104. Given the market recession, there is a possibility of a decrease of up to $100. The price of ingots has dropped to $10. Given these conditions, there is no hope for an improvement in prices because consumption does not show any signs of increasing. The issue of the Ukraine war has brought Europe together, to the extent that there is talk of issuing bonds on behalf of the European common market, instead of each country acting separately. This trend can certainly unite Europe in parting with the United States and common policies in other areas, especially steel, which will intensify competition in other markets.
Domestic Market
ceramladn Steel: Two issues have caused the market to fear, which have severely held back demand
The first is Mr. Hemmati’s departure from the government, which has caused confusion in the market regarding the trend of the exchange rate, and Trump’s threats and his letter-sending have had a serious impact on this issue
The second issue is the bankruptcy of a steel complex, which there were rumors about two months ago, which is why the market has been holding back until the situation becomes clearer, but the general view is that prices will not rise next year due to increased supply, and the downward trend in prices cannot be very serious because costs have increased and the task of increasing wages is not clear. All analyses assume stability in political conditions and the exchange rate.
