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12 Jun

Iranian mills' billet export tenders close below target

Iranian mill Khouzestan Steel Company (KSC) for July-mid readiness and sole blast furnace route Esfahan Steel Company (ESCO) for mid-August shipment each closed 3sp billet export tenders last week and both for 30,000 tonnes at $480/t fob, Kallanish learns from market sources. In addition, KSC sold a small batch of 10,000t parcel at $482/t fob for mid-July shipment Before the tenders, mills had informed the bidders that they target $490-495/t fob. Due to global ne…
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