Iranian mill concludes 70,000 t of billet, slab export deals

An Iranian mill has recently concluded export tenders for 30,000 t of steel billets at $620/t FOB and 40,000 t of slabs at $640/t also on FOB basis, as per SteelMint reports. Iranian billet and slab export prices have fallen tracking global trends and a sharp drop in Chinese steel futures. Billet and slab export prices have corrected by $20/t, w-o-w, compared to mid-Oct’21