Iranian export prices for steel billet remained firm in the week to Wednesday February 10, with bookings heard within the same price range as was assessed by Fastmarkets in the previous week.
Fastmarkets' weekly price assessment for
steel billet, export, fob ports Iran, was $510-520 per tonne fob on February 10, unchanged week on week.
A cargo of 16,000 tonnes was reported sold at $520 per tonne fob southern ports of Iran. Two more cargoes were heard sold within the range of $515-518 per tonne fob last week.
Market participants said that these prices were workable only in the Persian Gulf markets.
A source on the traders' side reported that re-rollers in the Gulf Cooperation Council (GCC) nations were bidding $530 per tonne cfr, equivalent to $511-513 per tonne fob.
One more cargo was reported sold...