Iranian export billet prices softened in the week to Wednesday January 22 following a downtrend in the CIS export market.
The CIS export billet price slipped by $12 per tonne over the week, to $396 per tonne on January 22, amid weakening fundamentals in the finished long steel market as well as falling scrap prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $280.70 per tonne on Wednesday. This was unchanged day on day but down by $15.15 per tonne...