A leading Iranian steel exporter has reportedly sold 40,000 t of slabs through an export tender, as per SteelMint reports. According to sources, the company concluded the tender at $740/t, FoB Iran. The shipment is likely to be scheduled for mid-Jul’21 and the destination is the Far East. Prices have moved down by around $5-10/t against the company’s last tender concluded in mid-Jun. Softening global HRC prices have resulted in bearish market sentiments.
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