Iranian billet producers turned quiet in the week to Wednesday June 2, waiting for a clearer trend after the recovery of billet and rebar prices in the domestic market in China - one of the key destinations for semi-finished steel from Iran.
Last week, domestic billet prices in China dropped to 4,780 yuan ($749.36) per tonne on Friday, down by 140 yuan ($21.95) per tonne since the start of last week.Fastmarkets daily price assessment of steel billet domestic, exw Tangshan, Northern China, was 5,000 yuan per tonne on Wednesday, unchanged day on...