Iranian flat steel import buying activity 'modest' despite drop in prices

Buying activity in the Iranian flat steel import market remained modest despite all suppliers dropping their prices in the past week, sources told Metal Bulletin.

“There are no bookings – today everybody waits and sees,” one trader told Metal Bulletin, in expectation of further price falls.
Metal Bulletin’s weekly assessment of import prices for 2mm hot rolled coil (HRC) in Iran dropped to $445-450 per tonne cfr Iranian ports on Wednesday April 19, from $465-490 per tonne cfr.

Offers from Kazakhstan`s ArcelorMittal Temirtau were heard coming at $430 per tonne fob Aktau. The...

Published

Vlada Novokreshchenova

April 19, 2017

16:58 GMT

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