The Iranian billet market has increased its export prices

Various moves have been made for a long time to increase export prices in the Iranian local market. With the expected import billet demands from the foreign market, the expectations of the local marketers were partially fulfilled.

Iranian billet prices have increased since last week. Increasing demand for imported billet in the global market supported the long-awaited price increase. The export price, which was in the range of $557-559 last week, increased this week to $570-572. Iranian producers, which made various moves to strengthen in exports rather than the local market, increased their prices by 572 dollars in response to the demand.