Uptrend Persists in Billet, Slab Export Prices

EghtesadOnline: Iranian export prices for steel billet and slab continued to rise in the week that ended on March 7 with bookings agreed at higher prices, supported by the uptrend in the global market and reduced availability of the materials.

News ID: ۷۸۲۱۱۲

14 March 2018

Metal Bulletin’s weekly price assessment for Iranian billet exports narrowed upward to $518-520 per ton FOB on March 7, against $510-520 per ton FOB a week earlier.

Several cargoes of Iranian billet were reportedly sold to the Middle East and East Asia within that range.

A total of 40,000 tons of billet was also booked by one trader for sale to Oman at $520 per ton FOB southern ports of Iran, according to Financial Tribune.

And customers in Indonesia booked a cargo of Iranian billet at $550 per ton CFR, equivalent to $520 per ton FOB southern ports of Iran.

The weekly Iranian export price assessment for steel slab increased to $540 per ton FOB on March 7, against the previous range of $515-535 per ton FOB.

Mobarakeh Steel Company, the country’s largest flat steel and slabs supplier, sold slab at $540 per ton FOB to Southeast Asia in a recent tender.