Iran: KSC Invites Export Tender For Billet and Slab
Khouzestan Steel Company (KSC) - one of the leading exporters of Iran, has invited export tender for billets (150*150 & 130*130mm) and slabs of quantity 30,000 MT each. The tender is due tomorrow. The company is eyeing to conclude the deal at USD 360/MT, FoB for billet and USD 350/MT, FoB for slab.
During the first half of the current Iranian year (March 21-Sept. 22), KSC booked the tag of Iran’s largest steel exporter. During the period under review, the company’s steel exports were recorded at around 1 MnT.
This week Iranian billet export market remained silent. However, offers from the country rose marginally. SteelMint assessment for Iranian billet are standing at USD 350-360/MT, FoB Iran, up USD 5/MT against last week. Increase in Turkey’s imported scrap prices amid supply tightness, are keeping the billet export market sentiments supported in the region.
As per SteelMint’s methodology, assessment of US-origin HMS 1&2 (80:20) scrap has now escalated to USD 260/MT, CFR Turkey, increasing by USD 7/MT against last week.
source: SteelMint
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