04
Apr
12:19
Iranian mills resist falling prices, decline inevitable
Iranian semi-finished product export prices are resisting the decline seen in Far Eastern domestic markets, the primary destination for Iranian semis, but are inevitably trending slightly lower.
Mills are reluctant to reduce prices and be left with lower foreign currency earnings. Domestic market activity has also improved slightly.
Still, Iran has excess long steel production capacity, resulting in it exporting nearly 390,000 tonnes of billet every month, meanin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous