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[ferro-alloys.com]Iran I-beam market was upward during last week due to supply shortage. Some sizes finished the week at USD 40 per tonne higher than a week ago. At the moment many traders have become interested in dealing on I-beam size 20 mm and higher as it is in low supply and therefore profitable. Esfahan Steel offered around 14,000 tones of I-beam at Iran Mercantile Exchange (IME) last Sunday, when there were more than 63,000 tones demands for it. Actually, low supply level of Esfahan Steel Mill has improved market sentiment.

Debar price experienced an opposite trend compared to I-beam and dropped severely. It's about two months that debar price in retail market is cheaper than its price offered by mills at IME which led to market sadness. This depression has made many mills reduce their production level too.

Some market participants believe that if export level improves, debar producers inventory level will drop and prices will increase. At the moment average price of debar diameter 14 to 25 mm is USD 745 per tonne ex work and is unlikely to be lower than this level in near future as exchange rate is almost stable and any good news regarding decreasing sanctions against Iran will improve market sentiment.

Angle and channel were upward in price due to limited supply level. Prices increased by USD4 to USD 12 per tonne during the week. It should be noted that demand level for these products is still limited.