Iran's export billet prices have risen by 0.7%, reaching $465 per ton, surpassing the CIS billet prices. This increase is attributed to the recent uptick in CIS billet prices. This increase is attributed to the recent uptick in CIS billet prices. Notably, the price gap between CIS bullion and FOB Iran has narrowed to $14 per ton, a 3% difference, due to differing growth rates in these two prices.
CIS export slab prices recently rose by 2.2% to $458 per ton last week, though they have not yet surpassed the $460 mark from a few weeks ago. Conversely, Iran's export slab price held steady at $440 per ton. The price gap between CIS slabs and FOB Iran, which had reached a low of $8 per ton last week, has now widened to $18 per ton, equivalent to 4%, due to the upward trend in CIS slabs. However, expectations suggest that this gap may continue to increase in the future.
Comments
No comment yet.