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Modest Interest in Iran's Imported Flat Steel¡ªThe 18th China(Guangzhou)Int¡¯l Heat Treatment, Industrial Furnace Exhibition
6/21/2017 heat treatment expo-furnace expo |
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Financial Tribune reported that buying activity in the Iranian flat steel import market remained limited over the past week due to the traditional Ramadan slowdown. As such, prices have not seen any significant change. Russia-origin 2mm thick hot rolled coil was available at around EUR 390 (USD 437) per tonne FOB Astrakhan. The cost of freight to Iran''s n northern port of Anzali is about USD 15 to USD 16 per tonne.
One trader was said to be in negotiations with Russia¡¯s Magnitogorsk Iron & Steel Works, otherwise known as MMK, however, results of the meetings have not been reported.
Market observers said that acceptable rates would be between EUR 380 to EUR 385 (USD 426 to USD 431) per tonne FOB Astrakhan.
Meanwhile, offers of Kazakhstan-origin material were heard at USD 420 per tonne FOB Aktau.
With cost of freight to Anzali being USD 8 to USD 9 per tonne, this would be equivalent to USD 428 to USD 429 per tonne CFR.
Sources also said that a cargo of "substandard" HRC had been booked at about USD 410 per tonne CFR over the past week, although it was not immediately clear what "substandard" meant in this context.
Metal Bulletin¡¯s weekly assessment for imported 2mm HRC in Iran remained largely unchanged over the week at USD 430 to USD 445 per tonne CFR Iranian ports on June 14.
Offers of cold rolled coil from MMK remained at EUR 445 (USD 499) per tonne FOB Astrakhan.
Sources said that CRC from Kazakhstan¡¯s ArcelorMittal Temirtau was available at USD 500 per tonne FOB Aktau.
¡ªThe
18th China(Guangzhou)Int¡¯l Heat Treatment, Industrial Furnace Exhibition
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