Long products prices started the week with some declines but improved a little,by middle of the week.Average debar price dropped from IRR 17,513,000 per tonne to IRR 17,250,000 per tonne including 5%VAT.

I-beam average price decreased from IRR 17,360,000 per tonne to IRR 17,200,000 per tonne in retail market.

Low demand has forced many longs producers to cut production.Base price of debar at IME after VAT would be IRR 17,325,000 per tonne out it is offered at lower prices in retail market.A reason behind the gap is cheap offers from China and UAE at Southern ports which were offered at IRR 17,000,000 per tonne or lower during last month.

At the moment traders are less interested in buying at IME.Some market participants hope that lower supply level help prices,but when demand level is low it won't happen unless demand improves.