PRICING NOTICE: Proposal to launch Iranian steel slab export price

Metal Bulletin proposes to launch a weekly price assessment for steel slab exports from Iran.

The fob Iranian ports, $ per tonne, steel slab export price assessment is being launched in response to growing export volumes, which almost tripled year on year to 1.60 million tonnes in the first half of the current Iranian year (March 21-September 22, 2017), according to the Iranian Steel Producers Association.

The price assessment is for slab in thicknesses of 195-250mm, in widths of 900-2,000mm and lengths of 3,800-11,000mm, in quantities of 20,000-50,000 tonnes, with a letter of credit or bank transfer as the contract payment terms.

The consultation period for this proposed launch will end four weeks from the date of this pricing notice, on December 17, 2017, with changes taking place from January 10, 2018.

Metal Bulletin has no financial interest in the level or direction of the index.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Vlada Novokreshchenova by email at: pricing@metalbulletin.com. Please add the subject heading FAO:Vlada Novokreshchenova, re:Iran export steel slab fob.

To see all Metal Bulletin’s pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next
Just under two weeks ago, the chair of BHP made a phone call to his counterpart at mining peer Anglo American and set in motion a flurry of activity designed to create the largest copper producer in the world
Ferrous scrap could serve as a linchpin in decarbonizing both the steel and shipping sectors in South Korea, particularly in the short term, while waiting for emerging technologies such as hydrogen-based direct-reduced iron to be commercialized, Fastmarkets heard at a seminar on green steel and circularity
After a one-month consultation period, Fastmarkets has amended the impurity specifications for its weekly payable indicators for black mass in South Korea, Southeast Asia and Europe.
The suspension of South32’s manganese ore operations at Groote Eylandt Mining Co (GEMCO) in Australia has been changing demand patterns among manganese ore buyers in Asia and this will benefit other manganese ore miners, market participants said on Wednesday April 24
This consultation, which is open until May 23, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. You can […]
This consultation, which is open until May 26, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications, and publication frequency. You can […]