SteelOrbis has been informed that, following the export tender held by the Iranian steelmaker Mobarakeh, the mill's export offers for HRC to the Middle East and India stand at the level of $1,090/mt FOB, while its HRC offers to Europe are at €699/mt FOB for late June and July shipments. Meanwhile, the mill's export offers to Europe for CRC stand at the level of €711/mt FOB, its HDG offers are at $1,210/mt FOB and PPGI stands at €833/mt FOB - all for late June and July shipments.
Mobarakeh, which had not sold any material at the Tehran Metal Exchange since the Iranian New Year holiday, made its entry into the market yesterday selling around 101,000 mts of HRC in a range of $980-990/mt ex-works.