Billet trading from Iran largely quiet, but some demand in Southeast Asia

Activity in the Iranian export market for steel billet remained subdued in the week ended Wednesday October 28 because mills booked significant tonnages with traders in earlier weeks.

There have been few offers from mills, with the rare price indications coming at $410 per tonne fob, but no fresh bookings were reported this week.

Traders, meanwhile, sold a cargo of Iranian billet to Indonesia at around $440 per tonne cfr, which would net back to $405-410 per tonne fob Iranian...


Vlada Novokreshchenova

October 28, 2020

17:34 GMT