Esfahan Steel Company, one of the largest Iranian steel maker has recently invited bid for export of 30,000 MT end of July delivery. As per company sources the company has concluded the deal for USD 500-505/MT and will be shipped to MENA region.
Last week billet export offers were hovering at around USD 490-495/MT. Last month ESCO managed to sell billet at around USD 495-500/MT. As per sources, Iran’s Khuzestan Steel Company is offering its billet for USD 500-505/MT.
Inputs taken from Planner
Global Billet export market overview:
1. CIS billet (125*125mm) export price assessment moved up further by USD 5/MT W-o-W and stands at USD 515-520/MT, FoB Black Sea.
2. Billet import prices in SE Asian nations assessed at USD 550-560/MT, CFR basis, up by USD 5/MT on weekly basis.
3. Domestic billet prices in China increased. Today price of Q235 billet (150*150mm) in Tangshan moved up to RMB 3,660/MT (incld 17% VAT), up by RMB 10/MT D-o-D.
4. Domestic billet prices in India have observed a marginal increase yesterday. Presently price of 125*125mm billet is at INR 35,800-36,000/MT (GST extra, Ex-Mumbai).
5. India’s Vizag Steel has concluded a recent tender at around USD 531-532/MT, FoB India.
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