Iran domestic billet is increasing continuously since last week. This week the price further witnessed an increase of around USD 15-20 and reached up to USD 498/MT (IRR 20,800) against around USD 476/MT last week.
As per market sources “Demand of finished long product is pulling up the prices of billet in Iran, also the EAF billet producers has increased the billet price.”
Iran produced 14.20 MnT of semi-finished product in first 8 months of current Persian year including Billet, Bloom and Slab, the nation witnessed a growth of 15% Y-o-Y.
Individually billet production in current Persian year witnessed a growth of 16% Y-o-Y, the nation produced around 7.53 MnT of billet this year against 6.47 MnT in last Persian year. Slab production was up by 14% in current Persian year as the nation produced around 6.67 MnT in current Persian year’s first eight month.
KSC Billet and Slab Export Tender Bid will Close Today
Khouzestan Steel Company (KSC) has invited tender for export of 30,000 MT billet and 40,000 MT slab for early Mar’18 and Feb’18 shipment respectively. The due date for bid submission is 27 Dec’17 till 18:00 hrs.
Input taken from Planner
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