Esfahan Steel Company (ESCO), one of the biggest steel exporter of Iran had invited tender for export of 30,000 MT billet for second half of Mar’18 delivery. Payment term was full cash in advance with 25% as down payment and remaining 75% after first written notice of cargo readiness in port. The due date for submission of firm bid was 08-Jan’18.
As per market sources ” ESCO has cancelled its tender owing to low bids, company was expecting around USD 500-505/MT FOB Iran whereas, the highest bid offered was USD 495/MT FOB Iran”
ESCO – Second Largest Exporter of Steel in Iran
ESCO was the second biggest exporter during the first nine months of current Persian year, with export of around 805,000 MT of beam, re-bar, coils and other products. Exports were up by 87% Y-o-Y.
Iran’s Khouzestan Steel Company Concluded 70,000 MT Billet and Slab Tender
Khouzestan steel company, one of the largest exporter of steel in Iran had floated an export 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 was 27 Dec’17 till 18:00 hrs.
As per market source, export tender for billet was concluded at USD 520/MT FOB Iran. Destination for billet export tender is not yet specified. Quantity of billet offered by KSC for delivery increased to 35,000 MT as against initial offering of 30,000 MT in tender notice.
On parallel lines export tender for slab has been concluded at USD 485/MT FOB Iran. Slab is likely to go Far East Nation.
Inputs taken from Planner
Leave a Reply