Iranian steel billet producers achieved higher prices in their recent round of tenders, supported by increased demand and therefore prices in Asia, Fastmarkets heard on Tuesday March 30.
On Tuesday, one of the country's major billet exporters, Khouzestan Steel, finalized a tender for 30,000 tonnes of billet at $560 per tonne fob southern Iranian ports.In the previous round of tenders, held in mid-March, mills achieved prices of $548-550 per tonne fob. Some of this material...