{"id":1810,"date":"2017-10-25T12:57:06","date_gmt":"2017-10-25T12:57:06","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1810"},"modified":"2017-10-25T12:57:06","modified_gmt":"2017-10-25T12:57:06","slug":"iran-domestic-billet-prices-fall-upto-22t-w-o-w","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/iran-domestic-billet-prices-fall-upto-22t-w-o-w\/","title":{"rendered":"Iran: Domestic Billet Prices Fall upto $22\/t W-o-W"},"content":{"rendered":"<p style=\"text-align: justify;\">Iranian billet witnessed a down fall of around USD 18-22 in domestic market. Domestic billet sizes 150\u00a0and 125 mm started last week at respectively USD 490-498\/MT and USD 483-490 \/MT ex-work including\u00a09% VAT. Prices were downward as size 150 mm finished the week at USD 468\/MT and size 125 mm at\u00a0USD 458 \/MT.<\/p>\n<p style=\"text-align: justify;\">As reported earlier, the Ministry of Industry, Mine, and Trade for Iran has introduced a new formula for\u00a0maintaining the billet price from huge fluctuations. But still the result are not satisfactory. The Ministry\u00a0has approved that the billet price should be 89% of rebar prices from 4 mills including Esfahan Steel,\u00a0Mianeh Steel, Kavir Steel, and Khorasan Steel, each of which have their own flaws and issues.<\/p>\n<p style=\"text-align: justify;\">Esfahan Steel (ESCO) one of the largest producer of rebar, mostly do wholesaling and as a result it has\u00a0decreased its price by around IRR 1000\/kg. So, their price is not the real reflection of the actual market.<\/p>\n<p style=\"text-align: justify;\">Mianeh Steel and Kavir Steel offer low tonnages, but whenever they are short of billets, they try to\u00a0lower their rebar prices, in order to buy cheap billets and restock.<\/p>\n<p style=\"text-align: justify;\">Khorasan Steel is mostly sell to specific companies in the nearby area and is more focused on the export\u00a0to Afghanistan market because of low distance between the countries.<\/p>\n<p style=\"text-align: justify;\">The problems has caused the billet offered in IME to be mis-priced and since the IF billet producers do not have enough liquidity, they are forced to cut their prices sharply and maintain their share of the market. Due to scrap maintained its levels, the margin of IF billet producers have dropped significantly in the last couple of days in Iranian market.<\/p>\n<p style=\"text-align: justify;\"><strong>KSC Billet and Slab Tender<\/strong><\/p>\n<p style=\"text-align: justify;\">As per Market Sources of SteelMint, KSC Billet tender concluded at USD 472-475\/t FoB likely to be shipped to gulf countries, booked 40,000 MT.<\/p>\n<p style=\"text-align: justify;\">For Slab tender KSC sold 60,000 MT at USD 470\/MT, FoB. Cargo likely to be shipped to Far east countries like Taiwan etc.<\/p>\n<p><strong>Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iranian billet witnessed a down fall of around USD 18-22 in domestic market. Domestic billet sizes 150\u00a0and 125 mm started last week at respectively USD 490-498\/MT and USD 483-490 \/MT ex-work including\u00a09% VAT. Prices were downward as size 150 mm finished the week at USD 468\/MT and size 125 mm at\u00a0USD 458 \/MT. As reported [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[53,65,62,45,47],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iran: Domestic Billet Prices Fall upto $22\/t W-o-W - 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-domestic-billet-prices-fall-upto-22t-w-o-w\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iran: Domestic Billet Prices Fall upto $22\/t W-o-W - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"Iranian billet witnessed a down fall of around USD 18-22 in domestic market. Domestic billet sizes 150\u00a0and 125 mm started last week at respectively USD 490-498\/MT and USD 483-490 \/MT ex-work including\u00a09% VAT. Prices were downward as size 150 mm finished the week at USD 468\/MT and size 125 mm at\u00a0USD 458 \/MT. 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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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Domestic billet sizes 150\u00a0and 125 mm started last week at respectively USD 490-498\/MT and USD 483-490 \/MT ex-work including\u00a09% VAT. Prices were downward as size 150 mm finished the week at USD 468\/MT and size 125 mm at\u00a0USD 458 \/MT. 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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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