20
Dec
14:59
Lack of demand weighs on Iranian semis
Iranian producers have increased their target billet prices to $475-485/tonne fob Iran for the new round of tenders, encouraged by Chadormalu’s billet tender that closed last week at $481/t fob for end-January loading.
Chadormalu was fortunate in the outcome of the tender, thanks mainly to the impact of the country's natural gas shortage, which suppressed supply.
However, sentiment in the Far East, particularly Indonesia, made a sudden U-turn, with loca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous