Iranian steel billet export prices rise on new deals

Iranian steel billet export prices increased in week to Wednesday June 9, with several deals heard in the market, but slab export prices fell, sources told Fastmarkets.

Last week, Iranian mills were waiting for some clearer price direction from China, and one order was even canceled  in response to domestic billet prices in China dropping to 4,730 yuan ($747) per tonne on May 27.

But domestic steel billet prices...

Published

Serife Durmus

June 09, 2021

15:38 GMT

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