72007
Metal Bulletin’s price assessment for imported 2-mm HRC in Iran was $579-597 per ton CFR Iranian ports on September 6.
Metal Bulletin’s price assessment for imported 2-mm HRC in Iran was $579-597 per ton CFR Iranian ports on September 6.

Iran Flat Steel Import Prices Rise on Higher Russian Offers

Iran Flat Steel Import Prices Rise on Higher Russian Offers

The prices of imported flat steel in Iran continued to increase over the week that ended on Wednesday, as deals and offers were reported at higher prices.

There was a booking of 20,000 tons of hot-rolled coil from Russia’s Magnitogorsk Iron & Steel Works, otherwise known as MMK, reported at €470 ($559) per ton FOB, Metal Bulletin reported.

This was at a discount from HRC offers from MMK, heard at €485-490 per ton FOB. This price range would be equivalent to $597-603 per ton CFR.

The cost of freight from Russia to Iran is about $20 per ton.

Metal Bulletin’s price assessment for imported 2-mm HRC in Iran was $579-597 per ton CFR Iranian ports on September 6, up from $575-584 per ton a week earlier.

The price assessment for imported cold-rolled coil in Iran was $630-635 per ton CFR Iranian ports on Wednesday, against $620-633 per ton last week.

Russia-origin CRC was available in the country at $610-615 per ton FOB Astrakhan.

Considering the estimated cost of freight to the destination of $20 per ton, this would be equivalent to $630-635 per ton CFR.

No new price was heard for hot dipped galvanized coil imports into Iran last week and the weekly price assessment remained unchanged at $665-670 per ton CFR on Wednesday.

Short URL : https://goo.gl/hvVnkN
  1. https://goo.gl/rebq8k
  • https://goo.gl/dFT5YW
  • https://goo.gl/D2z7HU
  • https://goo.gl/xsy2wY
  • https://goo.gl/BDo1gm

You can also read ...

Iraq May Become Iran's Top Export Destination
Iran's exports to Iraq have considerably increased in recent...
Gov’t Cuts Back on Spending Amid Growing Budget Deficit
President Hassan Rouhani’s Cabinet approved plans on Sunday to...
Iran Digital Payments Exceed $16b in 1 Month
Close to 1.84 billion transactions worth more than 2.44...
NIOC Will Issue Manfa’ah Sukuk to Fund Projects
Head of the National Iranian Oil Company said it will issue...
Tehran Mehrabad Airport Projects Worth $20m Inaugurated
A number of development projects worth 2.7 trillion rials (...
Packaging Industry Facing Shortage of Raw Materials
A near fivefold rise in packing paper exports, thanks to the...
Iran, Pakistan Confer on Broadening Trade Relations
President of Iran Chamber of Commerce, Industries, Mines and...
Iran Engine Oil Production Rises 24%
A total of 214 million liters of engine oil were produced by...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus