Iranian mills keep steel billet export prices steady despite customer pressure

Iranian export billet prices remained unchanged over the week to Wednesday October 16, with mills resisting lower customer bids because they are in no hurry to sell.

Two major Iranian billet producers - Khouzestan Steel and Esfahan Steel - sold significant billet tonnages to Asia, Southeast Asia as well as domestically in the previous weeks so are unwilling to accept less than $350 per tonne fob, sources told Fastmarkets.

“A customer in...

Published

Vlada Novokreshchenova

October 16, 2019

17:08 GMT

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