15
Nov
14:59
Iranian mills eye exports amid weak domestic demand
Iranian long steel producers have shifted their focus to exports due to weak domestic demand. Mills have raised their target prices for billet to $470/tonne and above on the back of improving global sentiment and cost pressures driving up prices, notes Kallanish.
Last week, billet export tenders were finalised at $470/t fob, while a billet export deal concluded at $500/t cfr Indonesia for a parcel over 30,000 tonnes for January shipment. Its fob price is around $4…
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Anonymous
Very good overview of the weekly steel market.
Anonymous