Import Prices for Hot rolled coil Inch Down
Import Prices for Hot rolled coil Inch Down

Import Prices for Hot rolled coil Inch Down

Import Prices for Hot rolled coil Inch Down

Hot rolled coil import offers to Iran have inched down over the past week, following the downtrend in sentiment in the CIS export market.

Metal Bulletin’s weekly price assessment for Iranian imported 2-mm HRC dropped $5 per ton to $500-505 per ton CFR Iranian ports, down from $505-510 per ton CFR.

Offers from Russia were heard coming within the mentioned price range.

And sources reported offers of 2-mm HRC from South Korea at $550 per ton CFR southern Iran.

The material from South Korea is of higher quality than the CIS material and traditionally more expensive.

The reduced offers for HRC did not spark interest among Iranian customers, as prices for earlier imported material, as well as locally-produced HRC, were still being heard at significantly lower levels. 

“Imports do not make sense today as the Iranian market is low and weak,” one source said.

Market participants said imported 2-mm HRC was being offered from stock at $564 per ton on truck at the northern port of Anzali.

Recent deals for 2.5-8-mm coil from Iran’s Mobarakeh Steel Company were concluded on Iran Mercantile Exchange at $522 per ton ex-works, sources told Metal Bulletin.

Short URL : https://goo.gl/zjMpeK
  1. https://goo.gl/kPFZLm
  • https://goo.gl/dNx98P
  • https://goo.gl/Ch7NVt
  • https://goo.gl/FOm0Gy
  • https://goo.gl/fME63j

You can also read ...

Italian investment companies remain active in Iran, despite...
Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
Iran insurance industry earned 183 trillion rials ($1.28...
Iran, India Leading Global Ammonia Capacity Growth
Iran and India will continue to lead the global ammonia market...
Iran Auto Industry Hither and Thither
Over the past few days, Iran’s beleaguered auto industry has...
Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)
Iran traded 956,662 tons of non-oil commodities worth close to...
US Sanctions Against Iran Ridicule Int'l Norms
Foreign Ministry Spokesman Bahram Qasemi on Wednesday...
First-Timers Constitute 20% of Tehran Homebuyers
First-time homebuyers have accounted for a 20% share of total...
Iran Slips 1 Spot in WEF's Global Competitiveness Index
The World Economic Forum’s “Global Competitiveness Report 2018...

Add new comment

Read our comment policy before posting your viewpoints