26
Apr
12:53
Iranian billet tenders align with market expectations
Iranian billet prices have settled at $500-505/tonne fob for June shipment. Some Iranian mills decided to stockpile billet due to anticipated electricity supply curtailment from mid-June, as well as current low demand and price tags in export markets, Kallanish notes.
Mills plan to deliver semis when the electricity restrictions will be in effect, with the hope prices improve slightly.
An Iranian major recently finalised a billet tender for 25,000 tonne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous