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07 Jun

Iranian mills push up target billet quotes

Iranian mills are considering hiking their billet export prices in the next round of export tenders, which is expected to be launched next week. Electric arc furnace-route mills are targeting billet tags at above $495-500/tonne fob for end-July/August readiness, Kallanish notes. Despite low demand in export markets, prices are firming up due to limited Iranian billet availability over electricity supply curtailment. Also, Mobarekeh Steel is almost fully booked for…
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