12
Jul
13:53
Iranian mills cancel billet tenders over low bids
Iranian mills are withdrawing billet export tenders if bids are below their target threshold price of $485/tonne fob, notes Kallanish.
Last week, Esfahan Steel Company finalised its 30,000 tonnes of 150mm 3sp billet tender at $483/t fob for end-August readiness. However, Khorasan Steel could not get bids at its target price of $485-490/t fob. South Kaveh Steel is heard to also be planning to cancel its billet tender if it cannot receive offers at and above $485/t …
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Anonymous
Very good overview of the weekly steel market.
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