Prices for Iranian exports of steel billet and slab decreased somewhat in the week ended Wednesday May 2 with customers targeting lower prices because of the unstable conditions in the global billet market.
Metal Bulletin's weekly price assessment for Iranian billet exports was $480-500 per tonne fob on May 2, against $495-505 per tonne fob a week earlier.Recent bookings of Iranian billet were reported for around $500 per tonne fob to customers from the Gulf...