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15 May

Iranian billet export deals keep prices firm

Iranian mills are keeping billet export prices firm after concluding deals last week for wire rod-grade billet destined for the Southeast Asian market. Kallanish notes that new deals in the same market are expected next week. On Tuesday, Chadormalu closed a 3sp grade billet export tender at $477.5/tonne fob Iran for a 30,000-tonne parcel, for loading at the end of June. "The realistic prices for Iranian billet are at $475-480/t fob for the next round of expor…
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