6.12 SMM Global Steel Daily Report

Published: Jun 12, 2026 18:07

Save

[Iran] Iranian steel billet export offers remain stable at 410-420 USD/tonne FOB or FCA border, primarily shipped from Bandar Abbas to Oman (with freight rates around 40-45 USD/tonne). However, impacted by surging sea freight costs and heightened security risks in the Middle East Gulf region, buyers have lowered their counterbids to 400-405 USD/tonne FOB. Market participants report that at least three vessels are currently waiting to berth, and overall port activity remains subdued. The hindered seaborne trade has prompted export activities to shift toward road transport; recently, approximately 20000 tonnes of billets were traded at 385 USD/tonne EXW for July delivery, with 130x130 mm billets seeing the strongest demand. SMM anticipates that as long as shipping disruptions in the Strait of Hormuz persist, seaborne exports will remain constrained, and short-term regional trade flows will continue to lean heavily on land transport to neighboring countries.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Ansteel Lianzhong 2026 Steelmaking Auxiliary Material - Cutting Iron Powder Tender Announcement

1 hour ago

Ankuang Zhiwei (Liaoning) Technology Co., Ltd. 2026-620-08 Auxiliary Materials - Power Cable Procurement Tender

1 hour ago

Tender for Auxiliary Materials – Cross-Linked Cables Procurement by Ankuang Zhiwei (Liaoning) Technology Co., Ltd., 2026-620-11

1 hour ago