Economy, Business And Markets

Steels Galore on Last Trading Weekday

Steels Galore on Last Trading WeekdaySteels Galore on Last Trading Weekday

Trading floors at the Iran Mercantile Exchange (IME) played host to 446,000 tons of oil-based commodities, chemicals, metals, and agricultural commodities on Wednesday, the IME’s public relations and international affairs office reported.

According to the report, Esfahan Steel Company offered 31,320 tons of I-beam – 18; rebar-A3, 14, and 16, 1,540 tons of rebar bundle-A3, 16 and 32 on the industrial and mining trading floor.

Khuzestan Steel Company (KSC) supplied 30,000 tons of steel section-C, worth 15,020 rials per kg. Moreover, based on the market demand, the KSC had an additional 70,000 steel sections for potential customers. In addition, Khorasan Steel Company announced it had almost 12,320 tons of rebar bundle-A3, 14, and 28 in stock at the base price of 16,100 rials per kg for potential customers. The industrial and mining trading floor played host to 700 tons of 99.75-purity aluminum ingots produced by Hormozgan Aluminum Company. Also, 400 tons of aluminum billet-7-6063, as well as 1,200 tons of different types of alloy ingots were put on the board by Iran Aluminum Company.

The report also went on to say that 100,000 tons of graded iron ore was up for grabs by Sangan iron ore mine, at the base price of $21 per ton on the export trading floor. Moreover, 102,000 tons of bitumen of various grades was offered on Wednesday by Jey Oil Refining Company. About 3,700 tons of bitumen was also offered by other local suppliers.

The oil and petrochemical trading floor had a bustling trading day as various oil and petrochemical commodities were offered by local petrochemical complexes. Vacuum bottom, sulfur, polyethylene, industrial urea, sulfuric acid, ethylhexanol, mono ethylene glycol, bicarbonate, acetate monomer, sodium carbonate, melamine crystal, and terephthalic acid were among the commodities offered on Wednesday on the same trading floor. The report also pointed out that almost 500 tons of rapeseed flakes, 100 tons of Brazilian corn, 600 tons of white sugar, and 250 tons of cubic sugar was up for grabs on the agricultural trading floor.