Iranian export steel billet prices slipped in the week to Wednesday October 2 after several sales were agreed at prices lower than those in earlier deals.
Producers tried to resist the downtrend, referring to large-volume billet sales to China in previous weeks and to the current reduced availability of material."Iranian mills were not willing to accept even $350 per tonne fob several days ago, but now they are ready to discuss [trades at] $345-350 per tonne fob," one source said.Most customers, however, were...