Iranian steel slab prices slide on thin trading

Iranian steel slab producers reduced their asking prices for export sales in the week ended Wednesday October 21 on a lack of customer interest in some major outlets.

Khouzestan Steel, one of the country’s major slab producers, reduced its price to $440 per tonne fob Southern Iranian ports from $450 per tonne fob a week earlier.
“Slab is subject to tough negotiations. Clients are afraid to buy, even at discounted prices,” a source at the mill told Fastmarkets.

Despite positive movement in the price of hot-rolled coil in China and Asia this week, many market participants were worried that prices could weaken over the rest of the year due...

Published

Vlada Novokreshchenova

October 21, 2020

15:45 GMT

Dnipro