Steel billets
Semi-finished steel, bought or sold as a physical cargo for re-rolling and related industrial use. Section, length, grade and origin are agreed for each cargo.
Ferrous commodities
Steel billets and iron ore pellets, traded as physical cargo.
Physical purchase and supply of ferrous commodities for steel mills, industrial buyers and trading counterparties across the Middle East and international markets.
- Products
- Steel billets, iron ore pellets
- Role
- Physical trader and commercial partner
- Freight
- Own dry-bulk fleet
Trading
Ibn Al Furat buys and sells ferrous cargoes and can carry them on its own fleet.
Ibn Al Furat Building Materials Trading LLC trades ferrous commodities as physical cargoes, principally steel billets and iron ore pellets. Other steelmaking raw materials or products can be discussed as part of a specific enquiry.
Quality, size, grade and origin are agreed for each shipment.
Counterparties are typically steel mills, industrial buyers, suppliers and other trading houses working in the Middle East and in international markets, on a long-term commercial basis.
Products
What is traded
Steel billets and iron ore pellets, with ocean freight available on the company's own fleet.
Iron ore pellets
A steelmaking raw material, traded as a dry bulk cargo. Specification and origin are agreed shipment by shipment.
Movement of the cargo
Ocean freight can be offered with the commodity, using Ibn Al Furat's own fleet of dry-bulk vessels.
Agreed per cargo
What a ferrous enquiry should set out
These are the points the commercial team needs to reply properly.
- Billets or pellets, or another ferrous material named in the enquiry.
- Grade, section or size, and origin, where already known.
- Whether the company is asked to supply or to purchase.
- An indicative quantity for that shipment.
- Whether dry-bulk freight should be included.
- The timing the counterparty is working to.
Questions
Questions on ferrous cargoes
Short answers to the points counterparties usually ask before they send an enquiry.
What ferrous commodities does Ibn Al Furat trade?
Steel billets and iron ore pellets. Other steelmaking raw materials or products can be discussed as part of a specific enquiry.
Who are Ibn Al Furat's ferrous counterparties?
Steel mills, industrial buyers, suppliers and trading houses in the Middle East and international markets.
Can ocean freight be included with a ferrous cargo?
Yes. Ibn Al Furat operates its own fleet of dry-bulk vessels, so the cargo and its ocean freight can be offered together.
How are grade and price agreed?
Grade, size, origin and price are agreed for each shipment with the commercial team.
What should a ferrous enquiry set out?
The commodity, the grade or size if already known, whether the request is to supply or to purchase, an indicative quantity, whether dry-bulk freight should be included, and the timing in view.
Related activities
Continue reading
Supply, offtake or freight
Discuss a ferrous cargo with the commercial team.
Send the commodity, the volume range, and whether freight is required.