17
May
12:42
Iran-based Khorasan's billet tender sets benchmark
Iranian mill Khorasan Steel's July-readiness billet tender was finalised this week at $480-481/tonne fob Bander Abbas port, higher than the expectations of $460-470/t fob. This price sets a benchmark for tender participants as buyers in export destinations are now targeting this buying price, Kallanish notes.
For July shipment, Far Eastern buyers are negotiating $517-520/t cfr, while buyers in Oman and United Arab Emirates are bidding at $515-520/t d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous