Iranian Export Billet, Slab Prices Climb
Iranian export semi-finished steel prices continued to climb in the week to Feb. 28, as customers accepted higher prices.
Metal Bulletin’s weekly price assessment for Iranian billet exports was $510-520 per ton FOB on Feb. 28, compared with $495-510 per ton FOB a week earlier.
Several cargoes of billet for April rolling were reportedly sold to (Persian) Gulf Cooperation Council countries and North Africa within the range of $510-520 per ton FOB southern ports of Iran.
This included one 50,000-ton cargo sold to the UAE and a 20,000-ton cargo to Oman.
A customer in Oman also booked a 25,000-ton position cargo from a trader at $525 per ton CFR—equivalent to $505 per ton FOB. However, the price was not included in the assessment, as it is a secondary market deal.
Sources reported a cargo of Iranian billet being sold to Egypt within the range of $510-515 per ton FOB.
Recent billet offers from Iranian mills were heard at $520-525 per ton FOB.
Meanwhile, the weekly Iranian export price assessment for steel slab increased to $515-535 per ton FOB on Feb. 28.
Mobarakeh Steel, the country’s largest slab producer, offered material at $535-540 per ton FOB, targeting the European market. No bookings have been heard so far.
Recent sales from the producer were heard at $515-520 per ton FOB.
source: Financial Tribune
Top News
Rio Tinto’s $2.5 billion lithium plan is a win for Milei
Australia’s CEFC invests $75m in homegrown critical minerals
China tightens rules to curb methane emissions from coal mines
BHP seeks Brazil growth to emerge from shadow of mining disaster
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Glencore in talks to sell Philippine copper smelting unit
Iron ore posts weekly gain as investors assess fresh Beijing stimulus
BHP seeks Brazil growth to emerge from shadow of mining disaster
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Arcadium Lithium investors sue miner over Rio Tinto takeover
Skeena advances Eskay Creek permitting, unlocks Orion funding
US foreign investment panel split on Nippon-US Steel deal
Norge Mining acquires Europe’s largest natural graphite producer
Australia’s CEFC invests $75m in homegrown critical minerals
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Arcadium Lithium investors sue miner over Rio Tinto takeover
Skeena advances Eskay Creek permitting, unlocks Orion funding
US foreign investment panel split on Nippon-US Steel deal
Norge Mining acquires Europe’s largest natural graphite producer
