Iranian Billet, Slab Exporters Push for Higher Prices

Iranian exporters of semi-finished steel products continue to push for higher prices after successfully selling billet and slab volumes in recent weeks. 
Metal Bulletin’s weekly price assessment for Iranian billet exports widened at both ends of the range to $515-530 per ton FOB on March 14, against $518-520 per ton FOB a week earlier.
The country’s largest billet exporter, Khouzestan Steel Company, opened a tender for May-rolled material on March 11, which will be valid until March 16.
Market participants say the mill’s price estimate is $530-535 per ton FOB.
Compatriot mill Esfahan Steel Company is also offering billet for June-loading readiness at $530 per ton FOB, including 30% prepayment.