Iranian steel mill Mobarakeh Steel Company is reported to have floated an export tender for 20,000-30,000 mt of steel slab. The material is destined to be delivered at the end of August. The deadline for bids is Friday, June 17.
At the end of May, the company closed its previous slabs tender for 30,000-40,000 mt cargo at $580/mt FOB, as SteelOrbis reported.
Given the availability of low-priced material from Russia, in particular, slabs, the positions of Iranian suppliers have remained at risk. Specifically, the latest deal for ex-Russia slabs to China was done last week at $605/mt CFR, though this was up $5-10/mt compared to the previous transactions.