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.The...