Fastmarkets’ latest weekly price assessment for steel slab, import, cfr Southeast Asia/East Asia
, was $690 per tonne on November 22, against $690-710 per tonne a week earlier.
Consequently, Iranian steelmakers have reduced their target prices in new tenders for slab exports.
Khouzestan Steel, one of the country’s major slab exporters, opened a tender for 40,000-50,000 tonnes of prime material at the end of last week. Bids were to be submitted by November 23.
The best bid received by the company was reported at $580 per tonne fob southern ports of...