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
Fastmarkets has corrected MB-STE-0894 steel scrap, HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey, $ per tonne, which was published incorrectly on Monday October 7.
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials and industrial minerals, as part of its announced annual methodology review process.
Fastmarkets is launching a green long steel differential to its weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore, as well as a weekly inferred green steel base price for rebar cfr Singapore.
Correction to rationale for alumina index, fob Australia on October 4
The publication of Fastmarkets’ Mineral Sands Monthly price assessments for Thursday October 3 was delayed to 17:51 from 16:00 due to a reporter error. Fastmarkets’ pricing database has been updated.