Iranian billet, slab prices dipping but buying still weak

October 26, 2018 / www.metalbulletin.com / Article Link

Iranian export billet and slab prices continued to decline in the week ended Wednesday October 24, but customers showed little interest in the material.

Some customers refrained from booking Iranian materiel due to the United States sanctions."Customers [in the UAE] were signing documents confirming they will not buy anymore sanctioned material," a UAE-based trading source told Fastmarkets."Buyers got permission to bring their last cargoes," another Middle East-based source told Fastmarkets, therefore no new bookings were heard done over...

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