Iran: Billet export price at record high on China buying
Apr 12, 2021 10:00
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In a recently concluded billet export deal for China, Chadormalu Mining and Industrial Company sold 30,000 t billets at $570/t, FoB through a tender for May ’21 shipments, sources reported to SteelMint. With this deal, the Iranian billet export prices hit an all-time high level, as per data maintained with SteelMint since 2018.
The Chinese buyers
preferred Iranian billets as their offers were reasonable compared to
Russian and Indian billets. For instance, Indian billet offers are
currently at $590-600/t, FoB. While, the latest offers from Russia heard
at $655-660/t, CFR China.
On the other hand, the buying bids from
China are just below $640/t,