21
Dec
13:39
Iranian billet quotes increase on DRI supply risk
Iranian direct reduced iron producers are facing natural gas shortages, which have caused a significant increase in DRI-making costs. Billet producers have thus hiked their quotes by $30-35/tonne on-November amid the risk of DRI supply shortages, Kallanish notes.
Most recently, Sirjan Jahan Steel cancelled its billet tender, claiming DRI supply shortages due to natural gas restrictions. However, market sources inform Kallanish the move was due to the company&rsquo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous