Iran: KSC Concludes 30,000 MT Billet Export Deal

Khouzestan Steel Company (KSC) - one of the leading exporters of Iran has concluded a billet export deal of quantity recently. The deal quantity is of 30,000 MT for size 150*150 mm and 130*130 mm for early Nov'19 shipment. As per market sources, the company has concluded the deal to Far East. The deal value was reported to be USD 355/MT, FoB Iran.

SteelMint's billet export assessment for Iran stands at USD 350-355/MT, FoB Iran.

In last week as well, billet export deals to China from Iran were reported to conclude from the country. Around 45,000 MT billet deal was concluded at USD 395/MT, CFR and 200,000 MT at 385/MT, CFR China. Both the shipments are scheduled for end Oct'19.

As per Financial Tribune, a total of 6.86 MnT of ingot, bloom and billet were produced by the country first four months of the current Persian year (March 21-July 22), up 4% Y-o-Y. As for output during the month ending 22 Jul'19, a total of 1.64 MnT of slab, bloom, billet and ingot were produced to register a 9% Y-o-Y growth.