Steel ingots affordable prices

In Iran, factories produce steel using the electric arc furnace method and then perform ingots, especially slabs and metal sheets.  Steel is exclusively responsible for the production of slabs, but other factories of the National Iranian Steel Company and Khuzestan Steel produce all types of blooms, billets and slabs. For more information about Steel ingots affordable prices, visit our site.

What is difference between ingot and billet?

Isfahan Steel also uses the traditional method of steel production, ie the use of a blast furnace for indirect reduction of iron. At its current capacity, Zobahan only produces bloom. Other small and large workshops across the country also use induction furnaces to reach crude steel.

At present, this industry is the second most important and strategic industry in Iran, which is responsible for the largest volume of global trade. In Asia, there are the biggest giants of the steel industry, whose production volume is very large. China’s steel industry, for example, is the parent industry, accounting for more than 42 percent of the world’s steel. In such circumstances, steel mills in Iran compete with the giants of the world.

In 1978, the company was commissioned to produce alloy steels in Iran and the Middle East. The products of this factory are used in the automotive, machine-building, oil and gas and petrochemical pipes, rails, medical and surgical supplies, etc. Products such as well-cut, cold extrusion and are produced in this factory.

Usually, every week, in two or three stages, the above producers offer their products by determining the basic selling price of the commodity exchange and according to the instructions of the Ministry of Silence.

The main buyers are the big rollers thus the main  raw materials of rolling mills. Supply of ingots in batches ten thousand tons and can be increased up to three times.

By announcing the base price on the stock exchange, buyers compete and the transactions are usually a few percent higher than the base price compared to the demand.

If there is no demand or  less than the defined party and also demand less than the base price, the transaction will not take place and the sale will be removed from the board without a transaction.

These transactions are done in cash and credit.

At present, due to the supply of more than 97% of the initial production of iron ingots in the country, the domestic base price is cheaper than the export price, taking into account the half exchange rate. For more information about the structure of steel ingot, visit our site.

Rational price of steel ingots in 2020

 The billet, also known as the ingot, is longer than the  a circular or square surface of less than 15 cm, or in other words, a cross-sectional area of less than 230 cm2. For more information about steel ingots manufacturing process visit our site.