The Iranian billet export prices rose further in a recent deal as another leading exporter sold 30,000 t billets in China through a tender concluded today for Jun’21 shipments. According to SteelMint sources, the company achieved a price level of $667-670/t, FoB Iran, up by around $70 against the previously concluded tender towards end Apr’21. Today, Chinese rebar futures Oct contract (SHFE) reached RMB 6,086/t, up by RMB 408 ($64) against last week’s close.
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