Tag: Iranian billet export prices spike by $25-30/t

Iranian billet prices jumped by around $30, in a deal concluded at the end of last week. A leading Iranian steel exporter, Khouzestan Steel Company (KSC), sold 30,000 t billets to China at $620/t, FoB through a tender for June ’21 shipments. After this deal, the mills are now eyeing to achieve $625/t FoB Iran…