Iran semi-finished steel market firm with mills well-booked; sentiment negative on sanctions

Iranian export billet and slab prices remained largely unchanged in the week ended on Wednesday May 22, with no major sales heard because producers have their order books filled to last until the end of June or mid-July, sources said.

Billet offers were reported within the range of $385-390 per tonne fob Iranian ports, while recent bookings were done within the range of $380-385 per tonne fob. Fastmarkets’ weekly price assessment for Iranian export billet was $380-390 per tonne fob on Wednesday May 22, up on the high end against $380-385 per tonne fob a week earlier. Slab offer prices were at $380-390 per tonne fob Iranian ports, with one Iranian producer offering material at the lower end of the range saying that the company he represents is in negotiations to sell a large slab cargo to Asia. Fastmarkets’ weekly price assessment for Iranian export slab was $380-390...

Published

Vlada Novokreshchenova

May 23, 2019

10:20 GMT

Dnepr