Khorasan Steel, one of the largest producer and exporter of steel in Iran. The company has produced around 760,700 MT billet during the first 11 months of current Persian year (21 Mar’17-19 Feb’18).
The company has reportedly received a firm bid for the export of 50,000 MT 5SP billet. As per market sources “Khorasan Steel has received a firm bid from a buyer to import 50,000 MT billet with 50% down payment at USD 520 FOB Iran.”
This deal is supposed to be an unprecedented sale for Iranian billet makers. If the contract is finalized thanthe country export trade will be broken in terms of prepayment and price.
Last week, Esfahan Steel was reported to sell 20,000 MT billet for around USD 515-520/MT to GCC for mid Jun’18 delivery. Last month ESCO has concluded an export deal of 70,000 MT billet at USD 499/MT for May’18 shipment. The destination of shipment was GCC.
SKS has sold billet to MENA at around USD 520/MT. Last month KSC has concluded an export deal at around USD 515-520/MT FOB Iran. Destination for billet export tender is Gulf region.
Khorasan Steel traded at IME
Khorasan Steel has also has traded at Iranian Mercantile Exchange (IME). The company sold 15,000 MT billet and bloom on 28/02/2018 for IRR 20,800/KG for mid Apr’18 delivery.
Inputs taken from Planner
Leave a Reply