Tag: Iran: Billet export prices plunge in recent deal on subdued Chinese buying

Iranian billet export prices slipped by around $45/tonne (t) in a recent deal on lower Chinese buying indications close on the heels of the continuously down-trending Chinese rebar futures. According to data maintained with SteelMint, the Shanghai Futures Exchange (SHFE) rebar futures’ October contracts dropped by RMB 369/t ($58/t) week-on-week (w-o-w) to reach RMB 4,817/t…