Export billet and slab prices in Iran moved in different directions in the week ended Wednesday October 23 with trends in the global markets showing a similar divergence.
The Iranian export billet price inched upward following price rises in Asia, the CIS and the Middle East. Large-volume billet sales to China and Southeast Asia in recent weeks supported the efforts of Iranian billet producers.A cargo of Iran-origin billet for prompt delivery was sold to China last week at $400-405 per tonne...