Buying activity in Iran's hot-rolled coil (HRC) and cold-rolled coil (CRC) import market has been sluggish in the week ending Wednesday January 3.
Sources told Metal Bulletin this was largely due to national holidays affecting suppliers in the CIS region, which is the leading supplier of steel to Iran.However, had CIS mills been active in the market, trading activity with Iran would hardly have been any better, due to the political unrest in the Middle Eastern country.A relatively small protest over economic grievances, which started on December 28 in Iran's second city, Mashhad, set off a wave of demonstrations that has since spread across the country and has now...