17
Apr
15:54
Iranian mills struggle to hold billet prices
Billet export tags have softened in Iran as an inevitable consequence of weak Asian market sentiment. Following the conclusion of multiple China- and Indonesia-origin billet export deals at $477-485/t fob till the middle of last week, buyers were reluctant to bid for Iranian billet at above $465-470/t fob, notes Kallanish.
On Monday, Chadormalu closed a 30,000-tonne export tender for 150mm 3sp billet at $471/t fob for end-May/June load readiness, down from rival K…
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Anonymous
Very good overview of the weekly steel market.
Anonymous