Iran’s Chadormalu concludes billet export tender at increased prices, $6 m-o-m

Chadormalu Mining and Industrial Company, one of Iran’s leading steel exporter, had floated an export tender for 30,000 t billets. According to the company’s official report, the tender was concluded at a price level of $410/t, FoB Iran, up by $6 against previously floated tender in Aug’20. The shipment is likely to be scheduled for end-Oct’20.