Iranian export billet prices drop amid global downward trend

Iranian export billet prices dropped $5-10 per tonne over the week ended Wednesday January 31, with deals reported at lower prices than last week amid the global downtrend in the long steel market.

Metal Bulletin’s weekly price assessment for Iranian export billet was $489-505 per tonne fob on January 31, against $508-510 per tonne fob a week earlier.
Several bookings were heard done at $496-505 per tonne fob late last week with customers in the Gulf Cooperation Council (GCC), Jordan, Egypt and Southeast Asia.

Bids decreased to $480-490 per tonne fob this week, while mills’...

Published

Vlada Novokreshchenova

January 31, 2018

17:55 GMT

Dnepr