20
Jul
12:29
Iran government intervention slashes billet prices
Iranian billet prices are under pressure from government intervention in iron ore prices, sources tell Kallanish.
The government controls prices on the Iran Mercantile Exchange to offer the domestic market lower prices than export markets.
Iranian mills have struggled to compete against discounted Russian billet prices preferred by buyers in export markets until the beginning of July. Although Russian billet prices have risen nearly 10% since the beginn…
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Anonymous
Very good overview of the weekly steel market.
Anonymous