57740
Iranians Prefer Domestic Flat Steel
Iranians Prefer Domestic Flat Steel

Iranians Prefer Domestic Flat Steel

Iranians Prefer Domestic Flat Steel

Iranian buyers now prefer locally produced flats, as their prices are more competitive compared to those of imported material.  “When domestic quotes rose, we bought large volumes of imported products. Now the situation has changed and it is no longer profitable to buy from foreign suppliers,” a trader told Metal Expert.  Besides, the December rial depreciation affected imports Iran bought over the month. Russian steelmaker MMK has reduced prices for HR coils with March shipment by $10-20/ton over the month to $510-520/ton CFR Anzali. “ArcelorMittal is ready to ship its material to Iran at $510/ton FOB, but the local material is now much more popular. So, the producer is selling products to alternative buyers at $10-20/ton higher,” another trader said.  Meanwhile, business activity on Iran Mercantile Exchange has stayed rather high. Over the month, Mobarakeh Steel Company sold 258,900 tons of HR flats, 124,900 tons of CR flats and 16,600 tons of HDG coils via IME.

Short URL : https://goo.gl/uJqZn5
  1. https://goo.gl/oZJKLi
  • https://goo.gl/tsJM04
  • https://goo.gl/YBCLEk
  • https://goo.gl/zfzZ5h
  • https://goo.gl/XjHSlP

You can also read ...

Iran-Afghanistan Trade Corridors to Bear Fruit for Both India, China
A strategic deployment of trade corridors is taking shape...
EIB Casts Doubt on European Plan to Salvage Nuclear Deal
The European Investment Bank’s global operations would be put...
India Says Iran Economic Ties Not Affected by US Sanctions
Less than three weeks before the first wave of US sanctions...
MTN Halts Iran Fiber Optic Investment
South Africa’s MTN has halted collaborations with Iranian...
Think Tank Recommends Ways of Overcoming JCPOA Challenges Facing EU
European efforts to keep Iran in the nuclear deal (formally...
Majlis Think Tank Calls for  Regulating Cryptocurrency
The research arm of Iran's Parliament has conducted a study on...
Stocks Bow to Systematic Risks
Systematic risks have caught up with the Iranian stock markets...
Warning to Banks Withholding Customer Data
The Iranian National Tax Administration’s special prosecutor...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus