Mixed outlook for Iran's semi-finished steel after US reaffirms commitment to sanctions

Iranian export slab prices have increased on higher offers over the past week, while billet prices and demand both fell in the wake of a renewed focus on sanctions by the United States, sources told Fastmarkets.

Earlier this week, US president Donald Trump announced that he would not be renewing the exemption from sanctions on Iranian oil imports granted to several countries, including India, Japan and South Korea. That dented economic sentiment in Iran, which has also been...

Published

Serife Durmus

April 24, 2019

17:37 GMT

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