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.
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.
Source: steel mint