Iran's Khouzestan Steel Company Concluded 70,000 MT Billet and Slab Tender

Khouzestan steel company, one of the largest exporter of steel in Iran had floated an export tender for export of 30,000 MT billet and 40,000 MT slab for early Mar'18 and Feb'18 shipment respectively. The due date for bid submission was 27 Dec'17 till 18:00 hrs.

As per market source, export tender for billet was concluded at USD 520/MT FOB Iran. Destination for billet export tender is not yet specified. Quantity of billet offered by KSC for delivery increased to 35,000 MT as against initial offering of 30,000 MT in tender notice.

On parallel lines export tender for slab has been concluded at USD 485/MT FOB Iran. Slab is likely to go Far East Nation.

KSC and ESCO Sold Billet in IME

Khouzestan Steel Company (KSC) sold 10,000 MT billet in Iran Mercantile Exchange on 25 Dec'17 for IRR 19,800/KG (USD 475/MT) for late Feb'18 delivery. On parallel lines, Esfahan Steel Company (ESCO) also traded 5,000 MT billet in IME for IRR 19,400/KG (USD 465/MT) for late Jan'18 delivery.