Iran's Khouzestan Steel Company Concluded 30,000 MT Billet Export Tender
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Khouzestan steel company, one of the largest exporter of semi-finished steel in Iran had floated an export tender for export of 30,000 MT for end May'18 shipment respectively. The due date for bid submission was 09 Apr'18 till 18:00 hrs.
| Commodity | Billet |
| Shipment | End of May'18 |
| Description | Prime Con-cast Steel billet |
| Quality/Grade | 3SP, 5SP, St-44, ASTM A36, SS400, ASTM A615 Gr.40, ASTM A615 Gr.60 as per KSC ability |
| Quantity | 30,000 MT |
| Packing | Loose |
As per market source, export tender for billet was concluded at USD 500-505/MT FOB Iran. Destination for billet export tender is Persian Gulf region. Last month KSC concluded export tender at USD 535/MT FOB Iran. Destination for billet export tender was GCC region. Quantity of billet offered by KSC for delivery increased to 60,000 MT as against initial offering of 30,000 MT in tender notice.
1-SteelMint also learned that KSC has sold 40,000 MT slab recently at USD 540/MT, destination is not yet specified.
2-South Kaveh Steel has reportedly sold billet at USD 495-500/MT.
3-Other offers in Iran are heard at around USD 485-490/MT due to decline in CIS offers.
