Iranian billet prices gain amid demand recovery in China

July 09, 2020 / www.metalbulletin.com / Article Link

Iranian export steel billet prices increased in the week ended Wednesday July 8 with demand recovering in China.

Chinese domestic rebar prices increased early this week amid restocking and rising futures, which resulted in a re-emergence of import activity in billet.

According to market participants, bids for Iranian billet from China increased to $400 per tonne cfr on Monday and reached $405 per tonne cfr on Wednesday. This...

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