After witnessing some trade functional weeks, the Iranian billet export market remained reticent this week. The prime reason for this reticent week was overbooking of the mills, SteelMint learnt from market sources. If sources to be believed, all major Iranian mills are booked till Jan’20. However, no fluctuation in the offers was witnessed this week. Although, during discussion with SteelMint, official of one of the leading exporters of the country revealed that, they will be floating a billet export tender by next week. However, the official did not confirmed the export quantity till the publish of this report.
SteelMint assessment for Iranian billet continues to remain stable at USD 375-380/MT, FoB Iran. However, rising Turkey’s imported scrap prices are expected to support the market sentiments of the country.
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