Tag: Iran: Billet export prices rise in recent deals

Iranian billet export prices surged in a couple of billet tenders concluded for China floated for 60,000 t (30,000 t each). The tenders fetched the price level of $559-560/t, FoB, up by $10 against previous bookings. It was foreseeable that Iranian mills were likely to sell sizeable quantities post-Iranian New Year holidays (Nowruz). Deals &…