Khouzestan Steel Company (KSC) – Iran’s largest steel exporter had invited tender for export of 30,000 MT billet and 40,000 MT slab. The tender floated was for mid Sep’18 and Aug’18 shipment respectively for which the due date for bid submission was 06 Jul’18 till 18:00 hrs.
As per market sources, export tender for billet was concluded at USD 500-505/MT FOB Iran and the cargo is likely to be shipped to GCC region. On parallel lines export tender for slab has been concluded at USD 500-505/MT FOB Iran. Slab is likely to be shipped to Far East Nation.
In another deal learned, Iran’s South Kaveh Steel reportedly sold billet last week at around USD 504/MT, FoB levels.
Details of tender floated by KSC
| Details | Slab | Billet |
| Shipment | Mid Aug’18 | Mid Sep’18 |
| Description | Prime Con-cast Steel Slab | Prime Con-cast Steel billet |
| Quality/Grade | SS400 and/or SAE1008 and/or S235 according to standard
Specifications and K.S.C ability |
3SP, 5SP, St-44, ASTM A36, SS400, ASTM
A615 Gr.40, ASTM A615 Gr.60 as per K.S.C ability |
| Quantity | 40,000 MT +/- 10 PCT at Seller option. | 30,000 MT +/- 10 PCT at Seller option. |
| Packing | Loose | Loose |
Global billet market overview:
1. CIS billet export price assessment has remained stable this week at around USD 505-510/MT, FoB Black Sea
2. Chinese billet export price assessment is around USD 510-515/MT, FoB levels.
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