Iranian steel billet, slab exporters quiet on Asian market weakness

Iranian exporters of billet and slab were quiet in the week ended Wednesday October 27 amid asoftening of the Asian long and flat steel markets, particularly in China, which has been one of the main export outlets for their material this year.

A sharp drop in futures and physical prices for rebar and hot-rolled coil (HRC) in China resulted in a reduction of demand for imported semi-finished steel products.

The most-traded January rebar futures contract on the Shanghai Futures Exchange...


Vlada Novokreshchenova

October 27, 2021

17:40 GMT