Iran Billet Export Market Sentiments Remain Dull on Weak Demand
This was another dull week for Iranian billet export market. In fact, the country’s billet export market went through resilient phase throughout the month.
Iran’s billet export market is battling with US sanctions on increased pressure on SE Asia and Middle East countries.
According to SteelMint sources, this week Iranian billet export assessment stands at USD 370-375/MT FoB. The shipment is scheduled for end Aug-early Sep’19.
Although Turkey’s scrap import assessment has started gaining increase since this week but market awaits deals to be concluded at high prices. SteelMint’s assessment of imported HMS 1&2 (80:20) stands at USD 281/MT, CFR Turkey up marginally against last week close.
source: SteelMint
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