Iran, one of the largest billet exporter in world has exported 1,417,000 MT billet and bloom during the first five months of current Persian year (21-Mar till 22-Aug’18). As per the data released by ISPA, export of billet during the period was reportedly up by 13% Y-o-Y against 1,253,980 MT during the same period of last Persian year.
As per the assessment billet export offers were stable and were noted to be around USD 460-465/MT FOB. It is to be noted that billet FOB offers in Iran slide down since last month. Last month the offers were noted to be around USD 475-480/MT FOB.
One of the main reason for decrease in export offers is still unavailability of vessels to ship the cargo to GCC nations and Far East Asian countries. Many of the shipping companies have quit their operations in Iran causing a mayhem in export market.
KSC – Iran’s largest billet exporter has recorded nil billet exports in 5th month of current Persian year, as per data released by IMIDRO
Khouzastan Steel Company (KSC) was the largest exporter of billet and bloom during the period despite of the fact that the company didn’t exported any billet/bloom in the current month. The company exported 580,370 MT in current year, registered a downfall of 32% Y-o-Y against 853,393 MT exported in last Persian year.
South Kaveh Steel Company (SKSCO) was the second largest exporter of billet, the company exported 365,000 MT billet during the period, registered a growth of 23% Y-o-Y against 296,748 MT exported in last Persian year.
Khorasan Steel was the third largest exporter of bloom, the company exported 75,189 MT during the period.
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