Iranian billet export prices up again on demand in Asia

Iranian producers of steel billet were continuing to increase their offer prices in mid-April, supported by demand from Asian markets.

A cargo of 20,000 tonnes was reported sold to a trader over the weekend of April 10-11 at $576 per tonne fob southern Iranian ports.
A further 30,000 tonnes from a different producer were booked at $579 per tonne fob early this week.
This price was higher than in bookings last week at $570-571 per tonne fob.
A third mill was reported to have opened a tender this week for 20,000 tonnes of billet, with the supplier targeting $580 per tonne fob southern Iranian ports.

“We have huge [numbers of]...

Published

Vlada Novokreshchenova

April 14, 2021

13:20 GMT

Dnipro