EghtesadOnline: Customers from the Middle East continued to show interest in Iranian billet despite the high likelihood of United States sanctions, with several cargoes booked over the past week.
EghtesadOnline: Buying activity in the Iranian export market for steel billet was muted in the week that ended on April 11 amid reduced demand for finished steel products in customers’ markets as well as expectations of further price decreases in the near term.
EghtesadOnline: Iranian export semi-finished steel prices continued to climb in the week to Feb. 28, as customers accepted higher prices.
EghtesadOnline: Iranian steel billet export prices fell by $5-10 per ton over the week ending Feb. 7 with deals being reported at lower prices.
EghtesadOnline: Iranian billet export prices dropped $5-10 per ton over the week that ended Jan. 31, with deals reported at prices lower than the preceding week amid the global downtrend in the long steel market.
EghtesadOnline: Iranian export billet and slab prices strengthened over the week that ended on Wednesday due to renewed bookings.
EghtesadOnline: Iranian export billet prices lost $10 per ton over the past week while several bookings were heard done at lower prices.
EghtesadOnline: Iran has shown more activity in the semi-finished product trade over the past week, amid a generally positive mood.
EghtesadOnline: The price of billet imports into the UAE increased this week due to high offers from Iran. Iran offered billet to the southern Persian Gulf state at $400-410 per ton CFR.
EghtesadOnline: Iran Aluminum Company has opened a new billet production plant with a 50,000-ton/year output capacity.