Lower offers, freight issues drag Iranian export billet prices further down

January 17, 2019 / www.metalbulletin.com / Article Link

Iranian export billet prices continued to decrease in the week ended Wednesday January 16, with new bookings and offers reported at lower prices.

A major reason for the continuing downtrend was the reduced availability of vessels willing to call at Iranian ports, which made freight prices from Iran soar.The underlying cause for this was the regime of sanctions imposed by the United States on international trade with Iran.A cargo of 40,000 tonnes of Iranian billet...

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