Export prices for steel billet from Iran narrowed downward slightly over the week to Wednesday May 13 amid limited trading.
Demand faded from Southeast Asian customers which had been actively booking material earlier in the month.
One cargo of 20,000 tonnes was reported sold within the range of $335-340 per tonne fob, with the desitination presumed to be China.
Some demand was seen among the Gulf Co-operation Council member nations, with a small cargo heard booked at $340 per tonne fob Southern Iranian ports.
Several Iranian mills...