Iranian export billet price strengthens on fresh sales

Iranian export billet prices narrowed upward in the week to Wednesday June 3 with more mills managing to achieve higher sales prices.

Last week, Khouzestan Steel, the country's major billet exporter, sold several cargoes scheduled for delivery in July at $364 per tonne fob Iranian ports.
Some market participants said that such a level would be accepted only for position cargoes, estimating the workable price for back-to-back sales at no more than $350 per tonne fob.

This week, mills continued to...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain