Iranian Flat Steel Import Market Remains Subdued
Iranian Flat Steel Import Market Remains Subdued

Iranian Flat Steel Import Market Remains Subdued

Iranian Flat Steel Import Market Remains Subdued

Buying activity in the Iranian flat steel market has continued to slow over the past week, as customers are still unwilling to purchase foreign material, Metal Bulletin reconfirmed on February 15.
Iranian customers continued to give preference to domestic material and coils imported earlier at lower prices. 
Offers of new imports of hot rolled coil from Russia remained unchanged over the week at $500-505 per ton CFR Anzali. 
Market sources noted, however, that the low number of offers seemed to indicate that suppliers were seeking other outlets for their material. 
“I have heard that nowadays a lot of Russian HRC is being offered to Asia,” an international trader told Metal Bulletin. 
Metal Bulletin’s weekly price assessment for Iranian imported 2 mm HRC remained unchanged on Wednesday at $500-505 per ton CFR Iranian ports. 
The assessment for imported cold rolled coil also remained unchanged within the range of $570-575 per ton CFR Iranian ports, with offers from CIS suppliers within the given range. 
However, sources also reported offers of Chinese CRC at $610 per ton CFR southern ports. 
“Importers are adopting a wait-and-see policy at the moment, as domestic prices remain attractive,” one trader said. 
Metal Bulletin’s weekly price assessment for Iranian imported 1 mm hot dipped galvanized coil soared to $789-790 per ton CFR Iranian ports. 
An offer of India-origin coil was made at $790 per ton CFR southern ports late last week. 
“Supply and demand levels are both in shortage now,” one market source said.

Short URL : https://goo.gl/rIHLi0
  1. https://goo.gl/8jMq9I
  • https://goo.gl/VnU8gs
  • https://goo.gl/enP0Io
  • https://goo.gl/kjQwaf
  • https://goo.gl/0XqPPN

You can also read ...

US Looking East After Fining Europe Over Iran Business
The US effort to put Iran in a financial bind meant European...
Proses has offered to explore a possible SISP at the world class Mehdiabad zinc (lead and silver) project in Iran where it has a role in development planning.
British mining and mineral processing technology company...
Iran’s Corruption Perceptions Index Improves
Iran’s score based on the Corruption Perceptions Index...
Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.
The Financial Action Task Force has recognized measures taken...
Home Security Startup Taps Face-Recognition Tech
A team of engineers that worked on self-driving cars and...
Crimean Ports Under Sanctions Looking for Way Out to Iran
Crimea’s ports, which are not operating at full capacity due...
SpaceX successfully deployed a satellite into low Earth orbit for the Spanish government.
SpaceX took a critical step Thursday toward making one of Elon...
Qazvin-Rasht Railroad to Come on Stream in 3 Months
The railroad to connect the two Iranian cities of Qazvin and...

Add new comment

Read our comment policy before posting your viewpoints