SteelMint

Tag: Iran billet export prices

  • Iran: Billet export market quiet as mills hold back on lower bids

    Iran: Billet export market quiet as mills hold back on lower bids

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    by

    Vaibhav Dubey
    in

    Iranian billet export market remained silent throughout the week with no significant deals concluded. Bid-offer disparities and cheaper Russian billet offers have dragged down billet export prices, SteelMint notes. Market participants have adopted a wait-and-watch mode amid falling bids and prices. SteelMint’s latest assessment of Iran’s billet (3SP) export prices stood at $595/t FOB on…