85762
Metal Bulletin’s weekly price assessment for Iranian billet exports was $480-500 per ton FOB on May 2, against $495-505 per ton FOB a week earlier.
Metal Bulletin’s weekly price assessment for Iranian billet exports was $480-500 per ton FOB on May 2, against $495-505 per ton FOB a week earlier.

Export Billet, Slab Prices Drop on Market Instability

Export Billet, Slab Prices Drop on Market Instability

Prices for Iranian steel billet and slab exports decreased in the week that ended on May 2, with customers targeting lower prices because of unstable conditions in the global billet market.
Metal Bulletin’s weekly price assessment for Iranian billet exports was $480-500 per ton FOB on May 2, against $495-505 per ton FOB a week earlier.
Recent bookings of Iranian billet were reported for around $500 per ton FOB to customers from the (Persian) Gulf Cooperation Council countries and Africa.
Offers from Iranian mills remained largely unchanged over the week, varying within the range of $500-505 per ton FOB, but bids from potential customers did not exceed $480 per ton FOB.
“Billet prices are very unstable. We do not see any reason to buy billets at any price above $495 per ton CFR,” a customer in the UAE told Metal Bulletin.
The reaction of Iranian mills will become clearer later this week because on Wednesday, the market was celebrating a religious holiday.
In the slab market, Metal Bulletin’s weekly price assessment for Iranian exports was $520-535 per ton FOB on May 2, against $495-505 per ton FOB a week earlier.
Recent slab offers from Iranian mills were reported by market participants at $535-540 per ton FOB.
A 40,000-ton cargo was reported booked by customers in Thailand at $550 per ton CFR, equivalent to $520-525 per ton FOB, considering a freight cost of $25 per ton and $5 per ton operational costs.

Short URL : https://goo.gl/ApQYzf
  1. https://goo.gl/ePrhGG
  • https://goo.gl/oMYma9
  • https://goo.gl/UqFd4U
  • https://goo.gl/ccmrGL
  • https://goo.gl/AsVW2j

You can also read ...

IMF Pledges Continued Work With Central Bank of Iran
More than a week after US Treasury Department blacklisted...
The Sartak-Pishta border gate between the Kurdistan Regional...
More Grain Shipments to Iran
For transport and logistics industry experts, spring is always...
Foiling US Sanctions on Iran: The EU Blocking Regulation
The EU has announced its intention to protect European...
The GDPR clarifies and strengthens existing individual privacy rights.
New European privacy regulations that were to go into effect...
Billet Export Prices Increase
Iranian export steel billet prices picked up in the week ended...
Majlis Forex Options Still on Agenda
Chairman of Majlis Economic Commission said on Tuesday a...
Volvo CE Offers €200m Worth of Mining Machinery
Volvo Construction Equipment has offered to provide Iran with...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus