16
Sep
15:22
Iran adds to Mid-East billet shipments to China
Chinese billet import appetite is not over yet, following last week’s nearly 150,000 tonnes of procurement from three major mills in the Gulf Cooperation Council, Kallanish notes.
This week, negotiations continued with Iranian suppliers, centring around Chadarmolu and Esfahan Steel (Esco).
On Wednesday, Esco is heard to have concluded a deal for 30,000t of 150mm 3sp billet at $650/tonne fob Iran for October delivery. "The sales contract has finall…
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Anonymous
Very good overview of the weekly steel market.
Anonymous