{"id":1695,"date":"2017-10-12T16:30:48","date_gmt":"2017-10-12T16:30:48","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1695"},"modified":"2017-10-12T17:02:36","modified_gmt":"2017-10-12T17:02:36","slug":"iran-government-sets-pricing-mechanism-for-domestic-billet","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/iran-government-sets-pricing-mechanism-for-domestic-billet\/","title":{"rendered":"Iran Government Sets Pricing Mechanism for Domestic Billet"},"content":{"rendered":"<p style=\"text-align: justify;\">Recently, The Ministry of Industry, Mine and Trade of Iran has issued a new policy for domestic billet prices in Iran.<\/p>\n<p style=\"text-align: justify;\">According to the new report, the billet producers like Khuzestan Steel Company (KSC) must offer their material at 89% of the average price of rebars from 4 major suppliers namely Khorasan Steel, Mianeh Steel, Kavir Steel, and Esfahan Steel sold in Iranian Mercantile Exchange (IME).<\/p>\n<p style=\"text-align: justify;\">The above mentioned steel producers have to sell at least 50% of their rebar production sizes 8-32mm in IME.<br \/>\nKSC, on the other hand, needs to offer 20,000 Mt of billet every week and 20,000 Mt of slab every other week in IME in order to balance the supply-demand chain in domestic market.<\/p>\n<p style=\"text-align: justify;\"><strong>Iran Billet Exports<\/strong><\/p>\n<p style=\"text-align: justify;\">Major Iranian steelmakers exported 3.54 million tons of semi-finished and finished steel products during H1\u201917. Export were up by 32% Y-o-Y, Iranian Mines and Mining Industries Development and Renovation Organization reported.<\/p>\n<p style=\"text-align: justify;\">Khuzestan Steel Company was the largest exporter during the period, as it shipped 1.39 million tons of slab, bloom and billet overseas, up by 71% Y-o-Y.<\/p>\n<p style=\"text-align: justify;\"><strong>Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, The Ministry of Industry, Mine and Trade of Iran has issued a new policy for domestic billet prices in Iran. According to the new report, the billet producers like Khuzestan Steel Company (KSC) must offer their material at 89% of the average price of rebars from 4 major suppliers namely Khorasan Steel, Mianeh Steel, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iran Government Sets Pricing Mechanism for Domestic Billet - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/iran-government-sets-pricing-mechanism-for-domestic-billet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iran Government Sets Pricing Mechanism for Domestic Billet - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"Recently, The Ministry of Industry, Mine and Trade of Iran has issued a new policy for domestic billet prices in Iran. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. 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