In a recent billet auction, Iranian steel company, has successfully elevated the Iran's export billet. The auction, concluded this week, sealing a deal for the sale of 10,000 metric tons of billet at a competitive Free on Board (FOB) price of $480 per ton. This strategic move has effectively raised the ceiling price for Iran's export billet by $7 per ton compared to the week's previous transactions and by $5 per ton in comparison to recent weeks' dealings.
The delivery shipment is scheduled for October of this year. This achievement highlights the company's commitment to enhancing the value of Iranian steel exports while meeting the growing demand for high-quality steel products in global markets.
This upward trend in export prices may stimulate further growth and investment in the Iranian steel sector in the coming months.
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