Long products were down a little as debar price declined by average IRR 200,000 per MT. Debar diameter 14 mm to 25 mm in Ahwas market dropped by IRR 300,000 per MT to IRR 15.6 million per MT ex works including 8% VAT. Same material from Esfahan Steel Company was down from IRR 15.75 million per MT to IRR 15.50 million per MT.
I-beam size 14,16 and 18 mm experienced around IRR 400,000 per MT decline to IRR 16.8 million per MT ex work Esfahan including 8% VAT. Many sellers will gradually leave the market for Iranian New Year Holidays in coming weeks, therefore downward trend would be marginal unless lack of liquidity force mills to give big discounts to real buyers.
Source - Source - Irsteel.doc
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