Iranian steelmaker Mobarekeh will arrange a new tender for June production HRC and HDG as of tomorrow, April 21. The producer has concluded HRC sales to India, Pakistan and the Far East at the levels of $375-390/mt FOB depending on the last month's tender results. It is mentioned in the market that counter bids in this tender may be below the price levels of the last tender.
Local sales of Mobarekeh have also continued in Iran. Meanwhile, HRC offers given from Russia and Kazakhstan have shown increases to the range of $410-420/mt CFR Iran.