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...


Vlada Novokreshchenova

October 21, 2020

15:45 GMT