24
May
15:12
Iranian billet export prices rise against global downtrend
Iranian billet export prices are on the rise, against the global downward trend. The country's major semis export markets in the Far East are receiving reduced China-origin billet offers at $490-500/tonne fob China.
Considering the $30-35/t sea freight cost from Iran to the Far East, buyers may not accept Iran-origin billet offers, Kallanish notes.
The country's sole blast furnace mill, Esfahan Steel Company (ESCO), has finalised a 30,000-tonne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous