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Iran: KSC Concludes 60,000 MT Billet And Slab Export Tender

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BigMint Bureau

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20 Apr 2020, 16:53 IST

Iran: KSC Concludes 60,000 MT Billet And Slab Export Tender

Khouzestan Steel Company (KSC) - one of the leading exporters of Iran had floated an export tender for billet and slabs of quantity 30,000 MT each. According to sources report to SteelMint, the company has concluded the tender. The deal value was noted to be USD 350/MT, FoB Iran for billets and USD 325/MT, FoB Iran for slabs. The shipment is scheduled for May'20. Cargo has been booked for China, SteelMint learned from its reliable sources.

With this deal, SteelMint's billet export assessment for Iran has increased. SteelMint assessment for billet export offers from Iran is at USD 345-350/MT, FoB Iran, up USD 5/MT against last week.

Iran's major steel producing companies exported a total of 7.03 MnT during the last Iranian year which ended on 19 Mar'20 to register a Y-o-Y growth of 27%. KSC managed to register itself as Iran's largest steel exporter. The company's exports were recorded at 1.83 MnT.