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31 Jan

Iranian billet export prices soar

Iranian mills received higher bids in the latest round of billet export tenders. This week, Sisco closed a tender for 20,000 tonnes of 150mm 3sp grade billet at $496/tonne fob Iran for loading in late March/April, while Esfahan Steel (Esco) finalised its tender for 30,000t of billet for early-April readiness at $500/t fob, notes Kallanish. On Thursday, KSC is also launching a billet export tender for April shipment. Regular tender participants, trading compa…
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