Date: 15 June 2019 , 00:10
News ID: 4819
NEWS SERVICE: IRON and STEEL

Iranian Mills Cut Billet Export Offers

Iranian billet export market sentiments softened this week after the market resumed from Eid holidays. As expected, this week market sentiments were reported barely weak, the recent billet export offers says all
Iranian Mills Cut Billet Export Offers

According to SteelMint sources, this week country’s billet export offers were reported to be USD 375/MT FoB, Iran for August shipments. Offers are expected to move down further in near short term.

According to SteelMint’s assessment, the US sanctions and falling Turkey’s scrap import prices are commanding the Iran’s billet export market sentiments. Turkey’s scrap import prices drop down by USD 9-10/ MT against last week and some SE Asian countries have started following US sanctions actively. This doublet has weakened the trade sentiments in Iran.

SteelMint’s assessment for US origin HMS (80:20) scrap to Turkey is USD 293 /MT, CFR against USD 304/MT, CFR a week back

source: SteelMint
Iranian Billet export Scrap CFR
Top News
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
Twelve Days ago
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Six last month
"Sustainability and innovation in production and development, excellence in culture", the orientation of Mobarakeh Steel Co. to realize the motto of 2024
Six last month
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Five last month
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
Five last month
The President visited the Sungun Copper Complex
The President visited the Sungun Copper Complex
Two last year
Most Like