Iranian slab price up $70-85 per tonne, further rises likely

The Iranian export slab price surged by $70-85 per tonne in a recent tender held by one of the country's major slab producers, Khouzestan Steel, supported by demand in the major outlets and a global uptrend in the slab sector.

A cargo comprising 30,000 tonnes of slab to be shipped in mid-June was traded at $720 per tonne fob southern Iranian ports early in the week of Monday April 19, up from $635-650 per tonne fob achieved by Iranian mills in the first half of the month.
Consequently, Fastmarkets' weekly price assessment for steel slab, export, fob ports Iran, was $720 per tonne on April 21, up from $635-650 per tonne a week earlier.
The cargo was expected to be sold to Southeast Asia or China, sources said.

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