Iran billet exporters reach higher sales prices amid global uptrend

Billet producers from Iran achieved higher sales prices in the recent round of tenders on support from the uptrend in the global steel billet market, sources told Fastmarkets on February 24.

The main drivers for the growth in global billet prices are the market expectations of a return in interest for imported semi-finished products at higher prices in China after the Chinese New Year celebrations as well as the price uptick in the raw materials segment, sources said.
On Tuesday February 23, Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $434.18 per tonne, up by $5.15 per tonne day on day.

Iranian producers were no exclusion to the trend either. Several tenders were reported closed in...

Published

Vlada Novokreshchenova

February 24, 2021

14:05 GMT

Dnipro