Iran export billet price on uptrend but slab price slips

Export billet and slab prices in Iran moved in different directions in the week ended Wednesday October 23 with trends in the global markets showing a similar divergence.

The Iranian export billet price inched upward following price rises in Asia, the CIS and the Middle East. Large-volume billet sales to China and Southeast Asia in recent weeks supported the efforts of Iranian billet producers.

A cargo of Iran-origin billet for prompt delivery was sold to China last week at $400-405 per...

Published

Vlada Novokreshchenova

October 23, 2019

18:15 GMT

Dnepr