08
Jun
15:12
Iranian devalued currency depresses steel export prices
The Iranian Riyal has depreciated against the US dollar to IRR 319,000 from last week's IRR 308,000, thus leading to a decline in steel prices, including rebar, billet and slabs. Due to ongoing mild weather, the announced electricity curtailment has not been fully effected. But when the weather warms up, and the announced restriction takes effect, which is expected from mid-June, this will severely hinder the steel production, leading to supply shorta…
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Anonymous
Very good overview of the weekly steel market.
Anonymous