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Iran Intends to Export Billet to China
Date:2017-07-24      View(s):1573      Tag:prime steel pipe, carbon steel pipe
China's domestic steel prices rises and there is a gap of square billet supply, some traders are interested in importing from Iran. However, in view of the current 17% VAT and import duties, as well as some Chinese banks refused to pay the Iranian exporters, there is still some difficulties to import square billet from Iran. Iranian square billet is mainly sent to Jordan, the United Arab Emirates, Indonesia and Thailand, exports to Thailand and Indonesia are increasing, the export price of about 415 US dollars / ton (fob), the future price there is room to rise.

In the first quarter of Iran (March 20 to 21 June 2017), Huzesstein Steel exported 809,400 tons of billet and slabs, up 66% year-on-year, with the target of Iran's current year (March 2018 20 days) exports 2 million tons. In the first quarter, Isfahan Iron and Steel Company (esco) exports 258,700 tons, up 88%, the currently goal is exported to 1 million tons this year. Another billet producer southkavehsteel (sks) exported 137,000 tonnes in the first quarter.

Prime Steel Pipe is a leading manufacturer and exporter of carbon steel pipe, including ERW steel pipe, LSAW steel pipe, SSAW steel pipe, seamless steel pipe, etc., we will continuous concern international market quotation and just in time for the change. In the future, we will invest more energy to develop our technology to produce higher quality carbon steel pipe.
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