Esfahan Steel Company (ESCO), one of Iran's leading steel exporters, sold 30,000 t billets at $559/t, FoB for Jun '21 shipment. According to SteelMint sources, the cargo is likely to be shipped to China. Prices have increased by around $5-10 w-o-w. During the first eleven months of the current Iranian year (20 Mar '20 - 20 Feb '21), the company's steel exports stood 880,528 t, down 18% y-o-y.
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