Iran billet market has shown a significant improvement in current week, the market went up by USD 40 to USD 45.
-Price last week for 150 mm was noted around USD 440 to USD 445, this week the prices
jumped to around USD 495 to USD 500.
– Price last week for 125 mm billet was around USD 435 to USD 440, this week the price went up to USD 490 to USD 495.
-The main reason behind the price increase is possibly due to the currency depreciation and
to increase the export option.
a As per market sources, the export offers for billet is heard around USD 480-USD 485, however no fresh deal is concluded as of now.
– Iran bulk billet export witnessed a rise of 10% M-o-M, major destination for Iranian billet during the period were UAE, Oman and Indonesia.
Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)