An Iranian mill has concluded an export deal for 20,000 t of steel billets to SE Asia, sources informed SteelMint. The shipment is likely to be scheduled for Jan’22. According to market sources, the deal was concluded at $560/t FOB Iran. SteelMint’s latest assessment of Iran-origin billets (3SP grade) decreased by around $5/t to $560/t FOB on 10 Dec, thereby touching an eight-month low.
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