In the case of insufficient demand, after the steel mill completed the bidding at a lower price, the Iranian Ministry of Mining and Trade Amended the export tariffs.
Targets of threads and hot rolled rolling rolls have been completely canceled, and the tariffs of cubes have been reduced to 2%, plate blank drops to 5%, and iron concentrates will be reduced to 5%.
In early April, the Ministry of Industry, Minerals and Trade issued relevant documents earlier this week. It plans to levy new export tariffs on various products including steelmaking raw materials and steel products.
It is reported that tariffs will be based on the percentage of the index price and the current sales price. The index price is based on the average market price of December 2021, and tariffs should be applied to the current FOB value per ton.
In this case, the tariffs of the main export varieties can be as high as as follows: directly returned 11%of the original iron, 17%of the cubes, 22%of the board, and 8%of the thread, wire and type steel.
In this way, Iran suddenly revokes the tariffs of some steel products and semi -finished products and even iron powder, which is expected to promote the export of the above products.
As for the tariffs of iron ore, the Iranian Ministry of Industry and Mining Trade has imposed 25%export tariffs on iron ore in 2019. If the iron powder tariff really reduces to 5%, then Iran’s iron powder will likely be heavy will be heavy. Back to the Chinese market.
It is reported that the Iranian Steel Factory announced that it reached a small batch of small batch of Iranian cubes at a price of $ 600-610/ton FOB. The destination is the Southeast Asian market.
According to reports, the Russian hot rolling rolling rolling rolling through the Lili route is $ 750/ton CFR Iran.
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