Iranian export billet prices follow global downtrend

August 27, 2021 / www.metalbulletin.com / Article Link

Iranian export prices for steel billet continued to decrease in the week to Wednesday August 25 amid the general global downtrend, Fastmarkets heard.

Steel output from the country's mills was expected to improve in September, when the weather will be less hot and mills will be allowed a more generous allocation of electricity to be used for steelmaking.
For the moment, Iranian producers had to cut prices to win new sales.

A 40,000-tonnes cargo of Iranian billet for wire...

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