Khouzestan Steel Company (KSC) – one of the major steel producers in Iran and subsidiary of Iranian Mines & Mining industries Development and Renovation Organization (IMIDRO) invited tender for export of billet and slab.
The company invited tender for export of 40,000 slab and 30,000 MT billets. The due date for bid submission was 7 July’17 till 18:00 hrs as per Iranian Standard time. The shipment period for billet is scheduled in Sept’17 and that for slabs is scheduled for Jul end – early Aug’17.
SteelMint reported earlier that the steel maker has received bids from 17 companies. The bids received for billets were in the range of USD 410-415/MT, FoB basis whereas the company was eyeing for price level of USD 415/MT, FoB basis and was negotiating with the parties for the same.
According to market sources the company sold 30,000 MT billet at around USD 415/MT, FoB B.I.K (Iran).
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