Khouzestan Steel Company (KSC) – Iran’s largest steel exporter has invited tender for export of 30,000 MT billet for February 2018 shipment.
The steel billet offered is of size 130*130 mm/or 150*150 mm and of grade 3 SP, 5 SP (St-44, ASTM A36, SS400, ASTM A615 Gr.40, ASTM A615 Gr.60 as per KSC ability). Bid submission due date for the same is 1 Dec’17 at 18:00 hrs as per Iranian local time via email.
For More details visit: http://www.steelmint.com/tender/global-tender-for-export-of-billet-8667
As per market sources, Last week Iran domestic billet offers were hovering at around USD 450-452/MT, Whereas KSC has recently closed export deal of billet at around USD 455-460/MT FoB BIK to Gulf and Far East Nation. Cargo delivery is expected to arrive on late December. Billet export offers is expected to increase further as the global scrap prices will remain on the higher side owing to tight supply in winters.
Trade Deals at Iran mercantile exchange:
KSC has has recently closed 2 deals for 5SP Bloom in Iran mercantile exchange for late Dec’17 and late Jan’18 delivery. KSC offered 15,000 MT Bloom for late Dec’17 for about IRR 18,350/KG excluding 9% VAT (USD 445-446/MT).
Another trade happened for 17,000 MT Bloom for late Jan’18 delivery for about IRR 18,000 excluding 9% VAT (USD 436-437/MT).
According to IMIDRO, KSC has exported around 1.56 MnT of Billet, Bloom and Slab during first 7 months of current Persian year (21 Mar-22 oct 2017). Out of which KSC exported around 0.78 MnT of Bloom, 0.45 MnT Billet and 0.33 MnT of Slab during the period.
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