68350
Flat Steel Import Demand in Iran Limited
Flat Steel Import Demand in Iran Limited

Flat Steel Import Demand in Iran Limited

Flat Steel Import Demand in Iran Limited

Buying activity in the Iranian flat steel import market was limited last week as prices continued to increase, supported by the upward trend in the global market.
“I think prices cannot increase any more. There is no more real demand. It seems that only traders are booking,” said a market source, Metal Bulletin reported.

> Hot-Rolled Coil

A cargo of around 10,000 tons of Russia-origin hot-rolled coil was recently booked by a trader at €415 ($474) per ton FOB Astrakhan.
The estimated cost of freight to the northern Iranian port of Anzali now varies within the range of $15-16 per ton, depending on the tonnage.
Another cargo of 2-mm HRC for September shipment was booked by a trader from Kazakhstan at $460 per ton FOB Aktau last week.
This would be equivalent to $468-469 per ton CFR Anzali, considering the cost of freight from Kazakhstan of $8-9 per ton.
Recent HRC offers from Russian mills were heard at €415 ($474) per ton FOB Astrakhan.
One source had received even higher offers, around €435 ($498) per ton FOB Astrakhan. However, this information could not be widely confirmed at the time of publication.
Metal Bulletin’s price assessment for imported 2-mm HRC in Iran was $468-490 per ton CFR Iranian ports on July 12, against $485-487 per ton the week before.

> Cold-Rolled Coil

Metal Bulletin’s price assessment for imported 2-mm cold-rolled coil in Iran went up by $3 per ton over the week to $552-553 per ton CFR Iranian ports, due to fluctuations in the euro-dollar exchange rate.
Recent offers of Russia-origin CRC were heard in Iran at €470 ($537) per ton FOB Astrakhan. This would be equivalent to $552-553 per ton CFR Anzali.
No bookings were heard done at this price over the past week, however.
A rumor was circulating in the market about new offers of Russian material coming at around €490 ($560) per ton FOB Astrakhan. This would be equivalent to $565-566 per ton CFR Anzali.
This information could not be widely confirmed by market sources by the time of publication, however, and the price was not included in the assessment range.

 

Short URL : https://goo.gl/URgcZd
  1. https://goo.gl/y88S2M
  • https://goo.gl/yP9JG7
  • https://goo.gl/YUd9Jx
  • https://goo.gl/VSAzoH
  • https://goo.gl/kwpdwm

You can also read ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
Iran’s Industrial Management Institute released on Sunday the...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
Apple Releases New Bug Fix
Apple has released iOS 11.2.6, which includes a bug fix for...
The number of residential construction permits issued in...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
About 933.18 million shares valued at $49.28 million changed hands at TSE on Feb. 19.
Tehran Stock Exchange’s main index lost 152.17 points or 0.15...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus