Iranian billet mills fix export sales at higher prices, traders raise Asia offers

Iranian steel billet producers managed to achieve higher prices in the most recent round of sales, supported by the bullish mood in the global market and strong domestic demand.

Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $392-395 per tonne on Wednesday August 5, against $388-392 per tonne a week earlier.
Market participants reported sales from mills to traders for October shipment within the range of $392-395 per tonne fob this week, against $392 per tonne fob southern Iranian ports a week earlier.

Given these conditions, traders increased their offers to foreign customers too, particularly...

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