Iranian steel billet producers have returned to the market after the Nowruz break for the country's new year celebrations, and they had new offer prices despite a state of semi-lockdown in the country due to the Covid-19 pandemic.
The country's major billet producer, Khouzestan, issued a tender for 30,000 tonnes of billet scheduled for delivery in May, and claimed to have sold it at $350 per tonne fob Southern Iranian ports.The cost of freight from Iran to the GCC region was around $15 per tonne, sources told Fastmarkets. Consequently,...