NEWS
IRON and STEEL  

Iran to Begin Rebar Exports to UK

Iran's Esfahan Steel Company is ready to ship its first rebar cargo to the UK, a company source told S&P Global Platts.

The deal for 5,000 tons at $505/ton FOB southern port was concluded in October.

"The cargo is due in late January 2018 and is now ready to be shipped," the company source said on Tuesday.

"Additional contracts are nearly finalized for the same destination, while another cargo is under negotiation for Scotland," he added.

This comes after ESCO became the first Iranian steelmaker to obtain UK Cares certification, confirming its billet and rebar conforms to BS 4449:2005 Standard Grade B500B.

ESCO is Iran's largest producer of long products and the only Iranian steel producer using blast furnaces of which it has three. However, one of the furnaces (with 1 million tons/year capacity) is idle as a result of low demand in the domestic market.

About 50% of the company's output were exported in the first nine months of the current Iranian year (ending March 20) to Belgium, the Netherlands, Sudan, Egypt, Thailand, Pakistan, Oman, the UAE and other parts of the Middle East, according to the company.

ESCO was the second biggest Iranian steel exporter during the period, after Khouzestan Steel Company, as it shipped 805,434 tons of beam, rebar, coils and other products overseas, indicating a 87% rise year-on-year. Rebar made up 115,451 tons of ESCO’s overall exports, rising 6% YOY. It was followed by beam and coil with 80,343 tons and 48,589 tons respectively. Beam shipments were down 25% YOY, while coil exports surged 999%.

The European Union announced definitive anti-dumping duties on imports of hot-rolled coil from Iran and three other countries in October 2017, while exports of semi-finished products have continued.

It is the first rebar cargo to be shipped to a European country from Iran, a Tehran-based steel trader told Platts on Wednesday.

Comments:

Leave a Comment:

   
   
   
 

Major Iranian Steelmakers’ Exports Reach 7.38m Tons

A lot of industries may be struggling in Iran, but steel is not one of them, as the country's mills ended last fiscal year (on March 20, 2018) with solid growth in exports.
 

KSC Buys 67% Stake in Mining Holding

Iran’s largest steel exporter Khouzestan Steel Company has successfully bought majority shares in a major mineral holding, moving toward self-sufficiency in the steel production chain.
 

Iranian Steelmakers Post Strong Growth in Sales

Major Iranian steelmakers had a good run during the first 11 months of the current fiscal year (March 21-Feb. 19), as they unanimously posted double and some even triple-digit growth in their sales value.
 

Iran 10-Month Steel Output Exceeds 34m Tons

Iranian steelmakers produced 34.7 million tons of steel during the first 10 months of the current fiscal year (March 21-Jan. 20) to register a 14.3% growth compared with last year’s corresponding period.
 

Iran Steel Exports to 15 States

Iranian steelmakers exported 6.37 million tons of semi-finished and finished steel worth $2.34 billion in the first nine months of the current fiscal year (March 21-Dec. 21) to 15 countries.
 

Export Billet Prices Soften on Revived Buying Activity

Iranian export billet prices lost $10 per ton over the past week while several bookings were heard done at lower prices.
Upcoming Events
Find a Job !
Tenders
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners