New bookings drag Iranian slab prices down, billet prices stable

Iranian export slab prices dropped in the week ended Wednesday March 6 with bookings done at lower values, Fastmarkets has heard, despite a positive mood in the CIS export slab market due to reduced availability of the material.

Offers of Iranian slab were reported at $365-370 per tonne fob Iranian ports. And a 30,000-tonne cargo was sold to a customer in China at $360 per tonne fob, Fastmarkets has learnt. “I think the best price would be about...

Published

Vlada Novokreshchenova

March 06, 2019

15:36 GMT

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