Roads & Terminals
Iranian trucks transited 9.08 million tons of commodities through the country during the last Iranian year (March 2018-19) to register a 2.18% decline compared with the previous year, according to latest data released by the Road Maintenance and Transportation Organization of Iran, affiliated with the Ministry of Roads and Urban Development.
More than 433,000 trips were made by trucks to transport the transit goods over the period, registering a 4% decline year-on-year.
The report also shows more than 7.62 million tons of goods were exported from Iran by trucks, registering a 14.46% rise YOY. About 335,000 trips were made to carry out the exports, indicating a 13.56% increase YOY.
Nearly 1.76 million tons of goods were imported into Iran via trucks showing a 16.88% decrease YOY. The number of trips made to transport the imported goods dropped 22.6% to around 89,000.
Iran has exported 561,007 tons of steel in the past two months (from August 21 to October 22), which marks a 54 percent jump in comparison with figures from the corresponding period in the last year.
Indian Finish long steel exports surged by 47.7% Q-o-Q in Q2 FY’20, as per the customs data maintained with SteelMint. Finish long steel export was recorded at 309,641 MT in Q2 FY’20 against 209,612 MT in Q1 FY’20.
Chinese finished steel exports fell by 10% to 4.782 MnT in Oct'19 as compared with 5.33 MnT in Sep' 19, recent custom data shows. Price competitiveness from Indian & Russian mills kept interest for Chinese steel products low.
Russian steel making company EVRAZ has recently announced its trading update for the Q3 of 2019. In the third quarter, EVRAZ’ consolidated crude steel output fell by 3.4% Q-o-Q, mainly due to the lower production volumes at EVRAZ ZMSK amid scheduled capital repairs.
Khouzestan Steel Company (KSC) - one of the leading exporters of Iran, has invited export tender for billets (150*150 & 130*130mm) and slabs of quantity 30,000 MT each. The tender is due tomorrow. The company is eyeing to conclude the deal at USD 360/MT, FoB for billet and USD 350/MT, FoB for slab.
Indian HRC export offers to Vietnam have moved up by USD 10/MT for positioned cargoes for Dec shipments, owing to higher bids from Vietnam buyers. Thus currently Indian HRC offers are at USD 440/MT CFR Vietnam.