Author: Pranjal Markale
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Disparity in bids & offers pull-down Iran billet export prices
This week, the Iranian billet export market was noted silent due to the disparity between bids and offers. The mills are looking for $365-370/t, FoB levels, while buyers are bidding at $355-360/t, Fob levels. During a conversation with SteelMint, an Iranian market participant mentioned “$365/t, FoB levels seem difficult to achieve in current situation $350-355/t,…