As per market sources, export tender for billet was concluded at USD 500-505/MT FOB Iran and the cargo is likely to be shipped to GCC region. On parallel lines export tender for slab has been concluded at USD 500-505/MT FOB Iran. Slab is likely to be shipped to Far East Nation.
In another deal learned, Iran`s South Kaveh Steel reportedly sold billet last week at around USD 504/MT, FoB levels.
Details of tender floated by KSC
| Details | Slab | Billet |
| Shipment | Mid Aug’18 | Mid Sep’18 |
| Description | Prime Con-cast Steel Slab | Prime Con-cast Steel billet |
| Quality/Grade | SS400 and/or SAE1008 and/or S235 according to standard Specifications and K.S.C ability | 3SP, 5SP, St-44, ASTM A36, SS400, ASTM A615 Gr.40, ASTM A615 Gr.60 as per K.S.C ability |
| Quantity | 40,000 MT +/- 10 PCT at Seller option. | 30,000 MT +/- 10 PCT at Seller option. |
| Packing | Loose | Loose |
Global billet market overview:
1. CIS billet export price assessment has remained stable this week at around USD 505-510/MT, FoB Black Sea
2. Chinese billet export price assessment is around USD 510-515/MT, FoB levels.
http://www.miningnewspro.com/en/News/211406/Iran: KSC Concludes Tender for 70,000 MT Billet & Slab