Mobarakeh cancels export tender

Thursday, 25 February 2010 10:09:34 (GMT+3)   |  

The latest export tender held by the Iranian steelmaker Mobarakeh has been cancelled without being awarded, SteelOrbis has learned from confidential sources. The tender was originally initiated for 20,000-40,000 mt of hot and cold rolled coils, with an FOB price level of $620/mt for HRC. Mobarakeh had collected bids within the scope of the tender but has now decided to assess this tonnage in the domestic market rather than for export. Iran's flat rolled market, and the local market for hot rolled coils in particular, has been on a climbing trend in recent weeks.

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