Iranian mills target higher billet prices despite market doubts

Iranian billet producers set high targets for a new round of export sales this week, seeking $405-407 per tonne fob, spurred on by last week's higher sales prices, sources told Fastmarkets on December 24.

Last week, several bookings of the material scheduled for shipment in February were concluded at around $398-402 per tonne fob Iranian ports, while this week market sources reported few more deals done at around $400 per tonne fob. The cargoes went to Africa, the Gulf Co-operation Council (GCC) countries and Asia.

Fastmarkets’ weekly...

Published

Vlada Novokreshchenova

December 24, 2019

18:34 GMT

Dnepr