Market sources report that local
billet prices in the Iranian market have declined by $10-15/mt over the past month to $506-510/mt ex-works, including eight percent VAT. Meanwhile,
Iran's
billet export offers are at $510/mt FOB.
Iranian
billet producers have been focusing on their own market for sales as local demand for
billet is on the strong side. In the meantime, market sources indicate that some Iranian traders have moved to sell
billet to
Turkey.