Date: Sunday, May 3, 2025

1. Steel ingot FOB Black Sea The price of 125-150mm steel ingot from the Commonwealth of Independent States (CIS) was recorded at $430 per ton FOB (no daily change). 2. Domestic Chinese ingot Tangshan Exchange The price of 150mm steel ingot on the Tangshan Exchange was 2,950 yuan per ton EXW (including 13% VAT). No daily change.

3. CFR Southeast Asia Ingots: 150mm ingots from the Philippines were quoted at $450/tonne CFR. 4. FOB Turkey Steel Rebar: 12mm steel rebar was quoted at $550/tonne FOB Turkey and $545/tonne EXW (excluding 18% tax).

5. Hot Rolled Steel (HRC) Russia: 2-8mm hot roll $450/ton FOB Black Sea Turkey: 1-9.4mm hot roll $480/ton CFR Russia Germany: Basic hot roll €640/ton EXW (excluding 19% tax). Zero price change. 6. Cold Rolled Steel (CRC) Vietnam: 1mm cold roll $490/ton CFR Germany: €640/ton EXW unchanged.


7. Coke Matt 66/65 FOB China Australian coking coal $192.2 per tonne FOB, unchanged from the previous day. 8. Iron ore 65% (Price not quoted in this report; data not available.)


9. IODEX Iron Ore CFR China 62% $97.5/tonne CFR China. No change daily. 10. Australian Coking Coal (HCC) $192.2/tonne FOB, no change.

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Special for Iran — Complete Market Details

Iran Steel Export Contracts
Slabs to Indonesia:
Origin: Iran — Destination: Indonesia
Volume: 40,000 tons
Price: $440 per ton CFR Jakarta
Status: The deal was finalized last week.

Slabs to Thailand: ‌ ‌
Origin: Indonesia (Dexin Steel) — Destination: Thailand
Volume: 20,000 tons
Price: $460 per ton CFR
Status: Shipped in May-June, deal finalized last week.

Iran’s Long Products Export Market

Rebar:
Offers: $440-460 per ton EXW (last week: $450-460 EXW).
Some companies are ready to offer lower rates.

A rebar offer for Turkey was announced at $520 per ton CFR Gaziantep.
Wire Rod:

Price range: $475-$500 EXW (compared to $490-$500 last week).
Unofficial exchange rate in Iran market
USD: 81,850 Tomans (last week: 80,050 Tomans).

Reason for fluctuation: Increased volatility and uncertainty over futures settlement rates.

According to a factory representative:

“Due to the constant fluctuation in exchange rates, some mills are offering higher prices to ensure profitability when they receive payment.”

Iran Export Ingots

130-150mm Ingots:

$418/ton FOB Southern Ports, unchanged from last week.

Iran Domestic and Export Market Analysis

Iran’s domestic long products market continues to be depressed due to reduced construction activity, domestic problems such as power outages, and a tense political climate. However, there is hope for an improvement in the market if an agreement is reached between Iran and the United States.

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