Trading activity in the Iranian export billet market remained limited at the beginning of November amid challenging market conditions in both the domestic and export outlets, sources said.
In the domestic market, the Iranian government insisted on a higher allocation of semi-finished steel products at low prices to support local re-rollers, Fastmarkets was told.Comparatively, in the Turkish market the difference between the domestic billet and rebar price was $35 per tonne for rebar offered at $455-460 per tonne ex-works and steel billet offered at...