Iranian Mill Concludes 5,000 MT Billet Export Deal To Gulf Countries
According to market sources report to SteelMint, an Iranian mill has booked 5,000 MT billet for export to Gulf in recent, sources reported to SteelMint. The deal concluded is for 150*150mm billet and the deal value was reported to be USD 350-355/MT and the delivery is scheduled for Nov'19.
This deal has slightly strengthen the market sentiments of the country. However as per reports few major mills have planned to suspend operations at some of their capacities and hence are not willing to lower offers further.
SteelMint assessment for Iranian billet is at USD 340-350/MT, FoB Iran.
After concluding some deals to China and Far East a couple of weeks back, the country has lowered its billet export offers last week marginally.
source: SteelMint
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