Iranian billet prices gain amid demand recovery in China

Iranian export steel billet prices increased in the week ended Wednesday July 8 with demand recovering in China.

Chinese domestic rebar prices increased early this week amid restocking and rising futures, which resulted in a re-emergence of import activity in billet.

According to market participants, bids for Iranian billet from China increased to $400 per tonne cfr on Monday and reached $405 per tonne cfr on Wednesday. This...


Vlada Novokreshchenova

July 08, 2020

17:00 GMT