Iranian billet exporters push prices up again on positive sentiment

July 24, 2020 / www.metalbulletin.com / Article Link

Steel billet producers in Iran continued to push their prices for foreign customers further upward in the week to Wednesday July 22, supported by a generally positive mood in the global steel market as well as continuing strong domestic demand.

Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $380-385 per tonne on July 22, against $370-380 per tonne a week earlier.
Mills opened tenders at the beginning of the week, to be finalized by Friday-Sunday. They were looking for $382-385 per tonne fob, against $380 per tonne fob a week earlier.

Although no fresh export sales have been heard since last week,...

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