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Iran: Billet export price at record high on China buying

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,


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