Purchasing activity in the Iranian export semi-finished steel market was delayed in the week ended Wednesday January 10 because customers wanted to wait and see the market trend become clearer after the year-end holidays.
Metal Bulletin's newly launched weekly assessment of the Iranian export billet price was $510-520 per tonne fob on January 10.Esfahan Steel, the country's sole blast oxygen furnace-based steelmaker, opened a tender at the end of last week, targeting $520 per tonne fob.Some sources reported that the tender was closed on January 10, but without providing details of the final price.There were,...