Iranian billet, slab export prices rise after ‘significant’ sales; further increases expected

Iranian exporters sold significant quantities of steel billet and slab via tender in the week to Wednesday October 13, achieving small, but firm price increases on the deals, sources told Fastmarkets.

Fastmarkets’ price assessment for steel billet, export, fob ports Iran increased to $640.00-642.50 per tonne fob on October 13, up by $2.50-5.00 per tonne from $635-640 per tonne fob a week earlier. One of the country’s major semi-finished steel exporters, Khouzestan Steel, sold three 40,000-tonne lots of billet via tender at $640 fob to...

Published

Elina Virchenko

October 14, 2021

13:39 GMT

Dubai