CIS Billet Prices .VS. Flat Steel Markets in the Middle East ,, With Focus on Syria ,, - PowerPoint PPT Presentation

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CIS Billet Prices .VS. Flat Steel Markets in the Middle East ,, With Focus on Syria ,,

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CIS Billet Prices.VS. Flat Steel Markets in the Middle East,, With Focus on Syria ,, Affects of Steel pricing scenario upon indian steel market - 22 Feb 2011 ... – PowerPoint PPT presentation

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Title: CIS Billet Prices .VS. Flat Steel Markets in the Middle East ,, With Focus on Syria ,,


1
CIS Billet Prices .VS. Flat Steel Markets in
the Middle East ,, With Focus on Syria ,,
2
V.S
3
  • Dr Mohamad Alawad AlSwiri ,,,
  • M.B,B.CH(Egypt), E.A,C.A(England)
  • Managing Director
  • MASCO Syria Company .
  • For Engineering Metal Constructions Steel
    Trading.
  • www.mascosyria.com /// www.mascosyria.net ///
    www.masco-sy.org

4
Introduction Regarding to the Syrian Market
  • The most important point is under estimating of
    the material quality.
  • The Syrian traders and companies look for the
    cheap competitive price regardless the
    material quality ,
  • This market actually require the non-prime choice
    especially in flat steel products
  • (90 of the yearly requirements ).
  • Actually we are importing these kind of products
    from europe ,ukraine ,egypt ,Algeria

5
  • Also they need prime steel choice ,
  • (10 of yearly requirements ),
  • it's provided from the cheapest markets such as
  • HRC CRC ,(Ukraine , Algeria .etc )
  • HGD PPGI ,(Egypt , Algeria, china ,Kazakhstan
    ..etc )

6
What are the causes which push Syrian Markets
towards underestimating material quality ?
  • 1- increase of the custom taxes regarding the
    importing goods .
  • 2- Low demand due to high inflation of goods .
  • 3- Inflation of goods due to Low demand .
  • 4- End user .
  • 5- ?????????

7
1- increase of the custom taxes regarding the
importing goods .
  • an example
  • Taxes for HRC
  • 30-40 USD/mton. For ( Arabian
    Origin,Algerian,Suadian, origin )
  • 50-60 USD/mton. For ( Ukrainian,Russian,
    chinese ,origin )
  • 65-75 USD/mton. For ( European origin ),
  • Taxes for CRC
  • 35-45 USD/mton. For ( Arabian
    Origin,Algeria,Egyptian origin )
  • 60-70 USD/mton. For ( Ukrainian,Russian,
    chinese ,origin )
  • 75-85 USD/mton. For ( European origin ),

8
  • Taxes for HDG
  • 40-50 USD/mton. For ( Arabian Origin
    Egypt,Algeria,Morraco, origin )
  • 65-75 USD/mton. For ( Russian, chinese,Indian
    ,origin )
  • 80-90 USD/mton. For ( European origin ),
  • Taxes for PPGI
  • 80-90 USD/mton. For ( Indian, chinese ,origin )
  • 90-110 USD/mton. For ( European origin ),

9
The CIS Billet price
  • The Domestic Syrian Market depends on the CIS
    Price of Billets ,
  • Billet price index ,is the most important in
    guiding the prices of all products , such as
    Long Flat Steel products,
  • Supposingly ,, that affects
  • the prices of long products
  • and the strange thing is that
  • it affects the prices of
  • Flat Steel products ,as well.

10
Billet exporting from UKRAINE during 2010
11
Billet exporting from RUSSIA during 2010
12
The Abstract
  • - Increase of the Billet Price
    Improvement of Domestic Market .
  • - Decrease of the Billet Price
    Freezing the Domestic Market .

  • Low demand .

  • No Sales .
  • SO,,
  • Everybody prefer to watch and wait
  • untill stability of Prices , take a place

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Let us have a look on Syria ltltltltlt
  • In relation to the CIS countries ,

19
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24
Some Steel products which are imported to Syria
in Duration between 2001-2010
25
Why do the Middle east Markets (Syria) prefer to
deal mostly with CIS countries
  • The geographical distance between two regions is
    close ,
  • Competitive offered prices
  • Low transport costs .
  • Lower custom taxes upon the imported goods
  • Underestimation of material quality in the MEM ,

26
Domestic Syrian Market in relation to the
Worldwide Markets
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All Steel products which are imported to Syria in
Duration between 2001-2010
32
Likely pricing scenario in April to June quarter
03 Mar, 2011 steelprice-europe
  • Steel makers across all parts of globe, citing
    surge in costs of iron ore and coking coal, have
    hiked steel prices in last 3 months leaving steel
    users in lurch.??
  • Now the big question what would be the steel
    price scenario in April to June quarter.??While
    the global miners remain upbeat on prices of iron
    ore and coking coal in April to June quarter,
  • several factors are weighing heavily on steel
    prices.??Chinese premier has recently emphasized
    that the government will take all measures to
    cool down economy.
  • This is being reflected in Chinese domestic
    prices, which have been sliding every day since
    February 22nd 2011.??

33
  • Political unrest in Middle East and North Africa
    has compounded the problem as many of the captive
    export markets for Black Sea based and Turkish
    mills have suddenly vanished creating a vacuum,
    forcing them to find alternate destinations.??
  • While billets and long products prices had
    started to weaken in the 2nd half of February,
    recent reports from Europe reflect starting of
    correction for flat products as well.
  • Different Mills, including Russian ones, have
    decided for cutting down their respective
    official quotations for hot rolled by EUR 20 per
    tonne to EUR 30 per tonne.??
  • However these cuts have not been able to lift any
    interest from buyers.
  • How can all these developments affect domestic
    prices in India in the coming times??

34
Affects of Steel pricing scenario upon indian
steel market - 22 Feb 2011 Steelguru , - 11 Mar
2011 Steelprice-Europe.
  • Decreasing of steel prices caused respite for
    Indian steel user
  • Indian domestic steel market players for both
    long and flat products saw some respite on
    February 21st 2011. Long product market, after
    sliding, posted gains .
  • while flat products after sliding ,showed
    positive sentiments.
  • Old Booking and late shipment caused
    nightmares for Indian mills
  • Arrival of plates and HRC of November booking ,
  • Shipment of these materials are delayed by over
    couple of months
  • As late as last week a consignment of 31000
    tonnes of HR Plates and HRC booked at levels of
    USD 625 per tonne to USD 650 per tonne ,
    respectively reached Mumbai.

35
My point of view
  • Nevertheless, the rising trend of oil prices in
    the last few weeks resulting from the political
    upheaval in Arab countries may provide support
    for CIS billet suppliers to maintain or even
    raise their prices
  • however, at the same time the political
    situation in Arab countries could also exert a
    negative impact
  • on billet demand from the Middle
  • Eastern and North African countries.
  • It is time of selling Not time of Buying

36
Anticipation and Expectation during 2011
  • World steel market is undergoing a profound
    change. After the financial quarter Tsunami in
    third of 2008, the global boom bust cycles have
    GIVEN way to pockets of growth in the BRIC
    countries
  • Brazil .
  • Russia .
  • Indis .
  • China .
  • This Tsunami 2008 ,
  • force the steel user in the middle east ,
  • to be more carefull to avoid sudden sliding
  • in the steel prices worldwide

37
  • iF we compare charts of prices in the last 2
    years ,
  • we will notice , there are 2-3 cycles YEARLY ,
  • Mostly
  • the steel prices this year will pass through
    these cycles
  • Finally
  • And we are now in the first cycle ,
  • with some sings of downward direction.

38
Expectation
39
References
  • steelguru
  • Steelorbis
  • Steelprice-Europe
  • Steel business briefing
  • Steel home

40
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