Export slab prices from Iran continued to decrease in the week to Wednesday September 29 amid weakening customer markets.
Southeast Asia and China are currently the main destinations for Iran-origin slab.
Fastmarkets' daily
steel hot-rolled coil index export, fob main port China, was $ 910 per tonne on September 29, unchanged day on day but down by $15 per tonne week on week.
In such conditions Iranian producers had to cut prices for export slab to attract customers.