Long products market was downward as previous weeks. Domestic mills mostly declined prices during last week at least USD 12 per MT but there was no interest in buyers. Demand level is very down, though traders prefer having empty warehouses as prices are declining daily. Market participants expect debar price to bottom at USD 583 per MT in near future.

At the moment Iranian steel mills prefer decreasing production level to have lower costs and more liquidity. Improvement in demand level may be unlikely in coming months due to seasonal factors like every year end. But it is obvious that long products mills yet have some profits as have not stopped production.