NEWS
IRON and STEEL   ECONOMY  

Iran Flat Steel Import Prices Rise on Higher Russian Offers

The prices of imported flat steel in Iran continued to increase over the week that ended on Wednesday, as deals and offers were reported at higher prices.

here was a booking of 20,000 tons of hot-rolled coil from Russia’s Magnitogorsk Iron & Steel Works, otherwise known as MMK, reported at €470 ($559) per ton FOB, Metal Bulletin reported.

 

This was at a discount from HRC offers from MMK, heard at €485-490 per ton FOB. This price range would be equivalent to $597-603 per ton CFR.

The cost of freight from Russia to Iran is about $20 per ton.

Metal Bulletin’s price assessment for imported 2-mm HRC in Iran was $579-597 per ton CFR Iranian ports on September 6, up from $575-584 per ton a week earlier.

The price assessment for imported cold-rolled coil in Iran was $630-635 per ton CFR Iranian ports on Wednesday, against $620-633 per ton last week.

Russia-origin CRC was available in the country at $610-615 per ton FOB Astrakhan.

Considering the estimated cost of freight to the destination of $20 per ton, this would be equivalent to $630-635 per ton CFR.

No new price was heard for hot dipped galvanized coil imports into Iran last week and the weekly price assessment remained unchanged at $665-670 per ton CFR on Wednesday.

News No: 1284
Date: 2017/09/10 - 11:46
News Source: Financial Tribune

Iran  Flat Steel  Magnitogorsk Iron & Steel Work  CRC 

Comments:

Leave a Comment:

   
   
   
 

Caspian Oil Swap Steady

Operations to swap the fifth batch of crude oil consignment from the Caspian Sea littoral states to the port of Neka in northern Iran with deliveries in the Persian Gulf were carried out successfully, deputy operations manager at Iranian Oil Pipeline and Telecommunications Company said.
 

Iran, Norway to Expand Financial Ties

Iran and Norway explored ways of expanding financial ties between the two countries’ banks and credit institutions.
 

Bank Account Closures in Emirates Confined to NBD

In response to reports regarding the closure of Iranian bank accounts by UAE banks, the director general of International Affairs Department at the Central Bank of Iran has announced that the issue is only confined to the Emirates NBD banking group.
 

Iran-Turkey Rail Freight Transport Up 54%

Some 414,000 tons of freight have been transported between Iran and Turkey via rail since the beginning of the current Iranian year (started March 21), registering a 54% increase compared with last year’s corresponding period.
 

Domestic Auto Parts Makers Averse to IKCO-Peugeot Deal

Left to their own devices, Iranian auto parts makers say they are reluctant to and uninterested in collaborating with Iran Khodro over its joint production deal with Peugeot.
 

German Companies Account for 50 Percent of FPI in Iran Capital Market

German investors account for half of foreign portfolio investment in Iran’s capital market, says Securities and Exchange Organization’s deputy head for international affairs.
Upcoming Events
Find a Job !
Tenders
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners