Import HRC prices cool down in Iran but demand remains slack

Iran’s import prices for hot rolled coil (HRC) cooled down somewhat over the week ended Wednesday October 11, in line with the downtrend in the major global markets.

Metal Bulletin’s price assessment for imported 2mm HRC in Iran was $575-585 per tonne cfr Iranian ports on October 11, compared with $583-595 per tonne a week earlier. The assessment reflected recent offers of Russia-origin material reported at €465-475 ($548-560) per tonne fob Astrakhan, against €480 per tonne fob heard last week. The estimated cost of freight to the Iranian northern port of Anzali is currently...

Published

Vlada Novokreshchenova

October 11, 2017

15:58 GMT

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