High volume trading continued on the Iran Commodity Exchange (IME), with significant supplies of iron ore products and steel semi-finished materials offered to both export and domestic markets.
A total of 82,000 tons of iron ore products were offered on the export platform on June 17. Of this volume, Ahya Sepahan Maden supplied 32,000 tons of iron ore concentrate, while Opal Parsian Sangan offered 50,000 tons of iron ore pellets for export.
The iron ore concentrate was listed at a starting price of 106,500 rials/ton (approximately $71.96/ton), with an iron content of around 67% Fe. Meanwhile, the pellet offer was priced at 147,000 rials/ton (approximately $99/ton). The pellets were reported to contain approximately 65% Fe and will be delivered from the Shahid Rajaee Port in Bandar Abbas.
Meanwhile, billet supplies also gained momentum in Iran's domestic market. A total of 35,025 tons of steel billets were offered through the IME's industrial trading hall on June 16. Mashiz Steel Industries supplied 30,025 tons, while South Kaveh Steel offered an additional 5,000 tons.
Billet prices varied by producer. The starting price for Mashiz Steel's billets was approximately $373/ton, while South Kaveh Steel's material was offered at around $397/ton. South Kaveh Steel also announced that its products would be designated exclusively for domestic consumption and would not be issued export certificates.
During the same period, slab supplies in Iran also increased. The IME offered a total of 58,400 tons of steel slabs, supplied by Foolad Jahan Ara Arvand, Sefid Dasht Steel, and Khouzestan Steel.
Slab prices were largely concentrated within the range of 670,000-675,000 rials/ton (approximately $452-456/ton). While deliveries were primarily restricted to rolling mills, market participants noted that producers appeared to be maintaining active sales channels amid current market conditions.
Comments
No comment yet.