- An Iranian mill has concluded an export deal for 40,000-50,000 t each of steel billet and slabs at around $530/t FOB for end-Aug’22 shipment.
- Iran’s billet and slab export prices have fallen by around $30/t and $40/t, respectively, as against the last-concluded tender in early Jun.
- Declining global prices, low bids, limited trades, and cheaper billet offers from Russia weigh on export prices.
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