Steel slab producers in Iran have managed to achieve higher sales prices in recent transactions amid improving demand in Asia and the resulting stronger prices.
According to reports from market participants, several cargoes of slab from Mobarakeh Steel and its subsidiary Hormozgan Steel were sold to traders late in the week ended October 2 at $446 per tonne fob Southern Iranian ports.Another local producer, Khouzestan Steel, opened a tender for 30,000 tonnes of slab, which will expire on October 9. A source at the mill reported receiving bids at $445 per tonne fob early this week, but added that the mill was targeting $450 per tonne fob...