December 02, 2008

Iranian angle prices soaring on short supply

It is reported that due to the increased demand of angle bar, the current price of angle bar has surpassed the price of I beam in Iran as demands for angles is driven by strong construction boom.

As per report, Iranian distributors are selling angles in size of 30mm x30mm to 120mmx120mm at USD 1,500 per tonne to 1,600 per tonne on EXW basis, which is about USD 80 per tonne higher from last week and USD 165 per tonne from four weeks ago.

Iran imported around 1.2 million tons of I beam during the period from March 20th 2007 to March 19th 2008 up by 3 times than the same time last year.

(Sourced from Yieh.com)