Hot rolled coil experienced an upward movement for some sizes in Iran steel market despite limited deals during week 51st . HRC 2 mm thickness was up by around USD6/mt to finish the week at USD 741/mt on truck in Anzali including 6% VAT. Price of HRC 2.5 to 15 mm thickness from Mobarakeh Steel Co was stable, it has reached the bottom and seems that there is no room for more declines. HRP price from Oxin and Kavian Steel mills were downward due to import market competitiveness and finished the week at USD718/mt ex-work including 6% VAT.

CRC market was in a stable trend regarding supply and demand level. CRC import level was around 8,000 tones during first 25 days of last Iranian month (22 Nov -16 Dec) but was around 2,800 tones during 23 Oct -21 Nov, and helped market to be more stable. It should be noted that demand level is still low in CRC market.

Iranian HDG market experienced a quiet week with no change in prices.