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Iran: Billet export offers fall, market quiet on holiday

ABSTRACT

Iranian billet export prices fell marginally in a recent deal. Esfahan Steel Company (ESCO), one of Iran’s leading steel exporters, sold 30,000 tonne (t) of billets to China through an export tender, SteelMint learned from sources. The company concluded the tender at $640/t, FoB Iran, for Aug’21 shipments.
On the other hand, other mills remained silent, and in a wait-and-watch mode amid the Iranian national holidays and volatile Shanghai Futures Exchange (SHFE) rebar futures. According to data maintained with SteelMint, on 3 June’21, the SHFE rebar futures settled with a rise of RMB 146/t on a day-on-day (d-o-d)

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