An Iranian steel mill has concluded an export deal to SE Asia for 30,000 t of billets at around $572/t FOB for Apr’23 shipment. Prices have remained stable against the last deal recorded last week. Lesser number of firm offers currently in the export market and power curbs have supported billet prices. Iran’s exports of billets and blooms increased by 11% y-o-y at 5.12 mnt in the Mar’22-Feb’23 period.
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