Buyers of Iranian billet rush to book material before US sanctions take hold

Buying activity in the Iranian export billet market was lively in the week ended Wednesday May 16 with customers rushing to place new orders for July-shipment material, especially those in the Gulf Co-operation Council (GCC) countries.

They feared that purchases with later delivery dates might be hindered by the threatened reimposition by the United States of trading sanctions against the Middle Eastern country after the US...


Vlada Novokreshchenova

May 16, 2018

20:18 GMT