Customer caution driving Iranian billet prices downward

Iranian export billet prices have decreased by $10-15 per tonne over the week ended Wednesday August 29, due to the reduced interest in Iranian material caused by the economic sanctions introduced by the United States against the Middle Eastern country in early August.

Most customers in the traditional sales outlets for Iranian billet, such as Southeast Asia and the Gulf Cooperation Council (GCC) countries, held back from bookings from the country, fearing difficulties connected with payment and delivery of goods. Those few...


Vlada Novokreshchenova

August 29, 2018

17:15 GMT