Chadormalu Mining and Industrial Company, one of the leading exporters of Iran, had floated an export tender for 30,000 t billets. The company has concluded the export tender at around $475/t FoB Iran. The shipment is likely to be scheduled for mid-Jan ’21 and is likely to be shipped to China, sources have reported SteelMint. Iranian billet export offers have increased by $10-15/t w-o-w to $475-485/t FoB.
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