Iran exported 49,578 tons of non-oil commodities worth $12.77 million to Nepal in the last fiscal year (ended March 20, 2019) to register a 2,236.25% and 3,114.84% hike in tonnage and value respectively compared with the year before, the latest data released by the Islamic Republic of Iran Customs Administration show.
Iran exported urea, bitumen, float glass and plaster to Nepal during the 12-month period, but no imports were made from Nepal to Iran during the period.
Amid falling Indian domestic sponge prices & decline in Bangladesh imported scrap prices, Indian sponge iron export offers have come down by USD 10-15/MT in recent deals reported, as per assessment made by SteelMint.
Turkey's Finish Steel exports down by around 14% M-o-M in Apr'19, as per fresh released data by custom department.
Iranian billet export market sentiments softened this week after the market resumed from Eid holidays. As expected, this week market sentiments were reported barely weak, the recent billet export offers says all
SteelMint in conversation Indian pellet makers and other market participants analyzed that bids for Indian pellets have witnessed increment this week. Following surge in global iron ore fines price, pellet export prices has also strengthened this week.
According to latest data released by Chinese customs, nation’s finished steel exports in May’19 stood at 5.74 MnT, declined by 9% over 6.33 MnT in Apr’19.
This week imported HRC offers to Vietnam inched down further in line with continual decline in HRC export offers from China. Chinese HRC exports offers have reached to rock bottom due to significant fall in domestic prices.