Iran Billet Export Offers Witness Marginal Drop
This week, Iran billet export prices fell marginally in recent deals. SteelMint’s assessment for billet export offers from Iran is at USD 380-385/MT, FoB Iran, down USD 5-10/MT, against last week. While domestic billet offers in the country are at IRR 52,600/kg, including 9% VAT.
Iran billet export market was reported trade active, as the country was noted to have billet bookings in Asia and MENA region. The booking was made in 2 lots; 10,000 MT for Asia and 30,000 MT for the MENA region and the deal value for both the lots was reported to be USD 385/MT and USD 382/MT respectively on FoB Iran basis. However, with the mentioned booking, the billet export offers from the country witness a marginal fall.
Meanwhile, one of country’s leading billet exporter; KSC did not conclude 30,000 MT bloom export tender, floated last week. Amid disparity between bids and offers, company did not conclude the tender, SteelMint learned from reliable sources.
The epidemic of COVID-19 is getting further radial in the country, with every passing day. The event has dried up the business activities in the country, most of the ground borders have been closed and exports have been put up on halt for indefinite period, an Iran based reliable source reported to SteelMint.
source: SteelMint
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years