Iranian steel billet export prices slide in wake of decline in rebar futures

Export billet prices from Iran dropped in the week to Wednesday August 18, following the global downtrend in the rebar market.

In China, which has been one of the major outlets for Iranian steel lately, bids for non-Iranian material dropped to $680 per tonne cfr following the sharp decline in rebar futures prices.

The most-traded January rebar futures contract closed at 5,017 yuan ($773.51) per tonne on Thursday, down by 127 yuan per tonne from a day earlier and by 311 yuan since Monday....

Published

Vlada Novokreshchenova

August 19, 2021

12:41 GMT

Dnipro