Iranian export prices for slab, billet soften amid looming sanctions
\nIranian export slab prices fell slightly in the week ended Wednesday
\nMay 30, with customers achieving lower prices in recent bookings.
\nMetal Bulletin\u2019s weekly price assessment for Iranian slab exports
\ndropped by $5 per tonne week on week on May 30, to $505-510 per
\ntonne fob.
\nA cargo of Iranian slab for shipment in July was reported to have
\nbeen booked by customers in Southeast Asia within that price range.
\nRecent export slab offers from Iranian mills were heard at $510
\nper tonne fob.
\nBut customers from Southeast Asia have voiced concerns about
\nthe future of semi-finished steel imports from Iran, in view of the
\nexpectation of renewed United States trading sanctions on the
\nMiddle Eastern country.
\nThe US withdrew from an international deal on Iran\u2019s nuclear
\npower industry on May 8, and said that it would reimpose its trading
\nsanctions against the country within 90 days.
\nCustomers in Southeast Asia expressed their willingness to
\ncontinue to trade with the country, considering that Iranian prices
\nare traditionally $10-20 per tonne lower than for materials of other
\norigins.
\n\u201cWe\u2019ve been buying Iranian material using currencies other than
\nthe US dollar and we do not have any connections with the US,\u201d a
\nsource in Indonesia said, noting that he plans to continue to buy
\nfrom Iran.
\nAnother source noted, however, that it is not banking, but
\nshipping issues that may become a hurdle to trade with Iran since large global shipping companies have already started to fold
\noperations in the country. The US provided shipping companies 120
\ndays to finalize operations with Iran.
\n\u201cI do not think any international shipping company will be able to
\nconduct business with Iran if sanctions are implemented to their full
\nextent,\u201d Soren Skou, the chief executive of world\u2019s largest shipping
\ncompany, Maersk, was quoted as saying by the Wall Street Journal.
\nFor steel billet, Metal Bulletin\u2019s assessment of export prices for
\nIranian product narrowed by $5 per tonne on the upper end on the
\nweek, to $500-510 per tonne fob.
\nThe few offers heard from Iranian mills this week for
\nJuly-shipment billet fell in the range of $510-515 per tonne fob. But
\nno bookings were heard within market participants\u2019 estimate of
\nworkable prices at the lower range of $500-505 per tonne fob.
\nVLADA NOVOKRESHCHENOVA<\/p>\n","protected":false},"excerpt":{"rendered":"
Iranian export prices for slab, billet soften amid looming sanctions Iranian export slab prices fell slightly in the week ended Wednesday May 30, with customers achieving lower prices in recent bookings. Metal Bulletin\u2019s weekly price assessment for Iranian slab exports dropped by $5 per tonne week on week on May 30, to $505-510 per tonne […]<\/p>\n","protected":false},"author":6,"featured_media":4324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[606],"tags":[],"class_list":["post-4842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-en"],"_links":{"self":[{"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/posts\/4842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/comments?post=4842"}],"version-history":[{"count":1,"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/posts\/4842\/revisions"}],"predecessor-version":[{"id":4843,"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/posts\/4842\/revisions\/4843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/media\/4324"}],"wp:attachment":[{"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/media?parent=4842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/categories?post=4842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madanbidar.ir\/en\/wp-json\/wp\/v2\/tags?post=4842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}