Iranian billet export market has come back strongly this week with deals being reported to SE Asia. Iran’s major mill – Khouzestan Steel Company (KSC) concluded billet export deal last week for 50,000 MT at USD 385/MT, FoB Iran for end September shipment, SteelMint learned from market sources.
As per sources, another deal for similar quantity was reported at USD 383/MT FoB Iran and another parcel of 40,000 MT quantity was learned to be under negotiations. One of the prime steel producers of the country highlighted that they are booked till Sept’19.
However the billet export offers from Iran remained unchanged for this week. Market sentiments remained stable amid stability in Turkey imported scrap prices.
Major Iranian steelmakers exported a total of 1.62 MnT of steel during the first three Iranian months (March 21-June 21) down 12% Y-o-Y, as per latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
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