Iranian steel billet has been quietly gaining market acceptance inSoutheast Asia because of its low prices, just as it happened withChina-origin product a few years ago, but can it dominate the region?In the past several months, transactions involving Iranian billethad been concluded on and off in Southeast Asia – the world’s largestimport region for the semi-finished steel product – at $10-15 pertonne below prices of cargoes of other origin.Until recently, Thailand was the only country that regularlyimported billet from Iran in this part of the world.
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