Khouzestan steel company, one of the largest exporter of steel in Iran had floated an export tender for export of 30,000 MT billet for mid Mar’18 shipment. The due date for bid submission was 19 Jan’18 till 18:00 hrs. The details to which is mentioned below.
| Commodity | Billet |
| Shipment | Mid of March’18 |
| Description | Prime Con-cast Steel billet |
| Quality/Grade | 3SP, 5SP, St-44, ASTM A36, SS400, ASTM A615 Gr.60 |
| Quantity | 30,000 MT |
| Packing | Loose |
As per market and company sources,export tender for billet was concluded at around USD 510-515/MT FOB Iran. Destination for billet export tender is Gulf region. Export prices witnessed a downfall against previous tender. As reported by SteelMint last month, KSC sold 35,000 MT in the month of Dec’17 for Early Mar’18 delivery at around USD 515-520/MT.
Iran is currently witnessing currency depreciation which is bringing better realization in export. Increasing currency exchange rates are making export viable, which is why export in the country is increasing. It is also believed that the freight charge is cheaper to gulf nation which is also increasing exports in Iran.
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