01
Nov
14:44
Iranian billet prices soften, rebar up; Iraq stable
In Iran, 3sp grade 150mm square billet export prices have fallen $20-30/tonne to $610-620/t from $630-640/t fob Iranian ports, after China lost its buying appetite since last week.
In the domestic market, mills are quoting 12-32mm A3 rebar at IRR 147,706,000/tonne ($535) ex-works, excluding 9% VAT, meaning a $3-5/t increase in two weeks. Wholesalers add IRR 5,000-6,000/t for transportation cost and as profit margin and requote ex-warehouse. The government controls…
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Anonymous
Very good overview of the weekly steel market.
Anonymous