An Iranian mill concluded an export deal for 30,000 t of steel billets at around $460/t FOB. The shipment is likely to be scheduled for mid-Sept’22. Prices have corrected downwards by around $15/t as against the last concluded tender towards the end of the previous week. Declining global scrap prices, low bids, and limited trade continue to weigh on billet export prices, SteelMint notes.
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