Iranian steel mill Esfahan Steel Company (ESCO) is reported to have floated an export tender for 30,000 mt of steel bilet. The material is destined to be delivered in early May. The deadline for bids is Thursday, March 16. “The results of this tender will be very interesting to see. I think Turkey has peaked. And southern Europe was not following the Turkish price increases. With a lot of offers from Asia being seen in the market, it is quite likely that ex-Iran billet will go again to the Middle East, especially given that now Saudi Arabia and Iran are getting cosy,” an international trader commented.
As SteelOrbis reported earlier, in the latest transaction late last week the ex-Iran steel billet price settled at $572/mt FOB BIK. Besides, two cargoes of ex-Iran steel billet totaling 10,000 mt have been sold to a Turkish steel mill at $610/mt CFR.