04
Mar
11:14
Low exchange prices limit Iranian steelmakers' profit
Iranian billet is being traded on the Iran Mercantile Exchange (IME) at far lower prices than those Iranian mills would be able to obtain in the international market were exports not restricted, sources tell Kallanish.
Billet was traded on IME last week at $429/tonne, the Iranian Steel Producers’ Association says on its online Chilan portal. This is versus CIS billet prices at the time of $559/t fob Black Sea and US-origin scrap bookings into Turkey at $445/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous