Iranian semi-finished export prices fall, but severe floods could lead to increases

Iranian steel billet and slab export prices fell in the week to Wednesday April 10 with new deals reported, but prices could soon rise in the wake of widespread flooding across the country.

No production cuts have been confirmed by steel mills as yet, a trader told Fastmarkets, but he said the floods would be a reason for price increases.   However, whether or not Iran's export markets would accept any such price increases would be down to raw materials prices and demand, he added.  Steel mills were offering slab at $375-385 per...


Serife Durmus

April 10, 2019

17:04 GMT