[SMM Steel] Iran's Steel Billet Exports See Slight Recovery, Caution Remains for Long-term Order Locking

Published: Jun 26, 2026 16:06

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[Iran] A large steel mill successfully sold 30,000 tonnes of 3SP and 5SP steel billets via a tender at 415 USD/tonne FOB Bandar Abbas. Another manufacturer completed an export order for 30,000 tonnes of billets at 420 USD/tonne FOB Bandar Imam Khomeini, and plans to deliver in July. With the overall decline in ocean freight rates and insurance costs, various parties in the Iranian market are actively preparing to resume exports to traditional bulk destinations such as Southeast Asia and Africa, seeking to regain market share by leveraging logistics cost advantages. However, as of now, no recent confirmed orders to the Asian region have been recorded."

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