Tag: Iranian mills await the outcome of billet export tenders for price trends

Iranian billet export market remained silent and broadly stable amid the Persian New Year holidays (Nowruz). However, just before the holidays, Chadormalu booked 30,000 t billets through a tender at $542/t, FoB Iran. The shipment schedule is for Apr ’21, with China as the likely destination. We did not witness mills actively offering for the…