Iranian billet market quiet, rare deals heard

The Iranian export billet market was largely quiet in the week to Wednesday March 18 while trading activity slowed due to the effects of the coronavirus (2019-nCoV) pandemic and the approaching Iranian new year holiday - Nowruz - starting March 21.

There were no fresh offers of billet from Iranian mills heard in the market this week, Fastmarkets was told.
The country's largest billet producer Khouzestan steel was said to have closed a tender for 30,000 tonnes of billet scheduled for shipment in April at $382 per tonne fob Black Sea.

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps