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This week, the Iranian SA203 Grade D steel billet export market has seen active transactions and prices have loosened slightly. Suppliers still have some expectations for prices to remain firm, but buyers tend to focus on lowering prices. The game between the steel mill and the buyer resulted in a slight adjustment in the transaction price compared to last week.
A major steel mill in a southern Iranian SA203 Grade D steel port sold over 50000 tons of steel billets this week, with prices ranging from $420 to $425 per ton FOB. Another large steel mill sold 30000 tons at a FOB price of $422 per ton. Two smaller steel mills sold a total of 30000 tons at a FOB price of 415-418 US dollars per ton. The overall transaction price is close to the buyer's psychological expectation last week, and the shipping schedule is set for the end of February to March.
According to market news, some suppliers had hoped to increase the transaction price to $425-430 per ton FOB, but the buyer's offer was lower than $420 per ton FOB, suppressing the upward potential of the price. A trader believes that the transaction price this week is relatively high, but has not confirmed whether it involves special specifications or materials.
At present, the export price of Iranian steel billets is about 415-425 US dollars per ton FOB, which has decreased from last week's level of 420-430 US dollars per ton FOB. Market analysis believes that the main reason is that buyers lowered prices last week, and some orders were postponed until this week for finalization.
Most of the steel SA203 Grade D steel billets are expected to flow towards the Arabian Gulf region. However, due to price reductions, some resources may shift towards the Asian market. The recent rebound in Asian steel billet prices may provide new demand support for Iranian steel billet exports.
Despite a slight price correction in the Iranian steel billet market this week, trading volume remains high. With the rising demand in Asia and improved macroeconomic prospects, market sentiment is expected to become optimistic, and the subsequent price trend is worth paying attention to.
