Export prices for steel billet from Iran slipped over the week to Wednesday June 16, with sellers having to compensate for rising freight costs because end-customers were not ready to accept higher prices, Fastmarkets has learnt.
One Iranian producer sold 30,000 tonnes of billet at $628 per tonne fob southern ports of Iran. The cargo was destined for Asia, according to market sources.Meanwhile, a third mill sold a cargo at $640 per...