29
Nov
14:55
Iranian mills face gas shortages, billet prices climb
Cold winter days have begun to be felt in northern Iran after the first snow fell, raising the alarm that natural gas restrictions are imminent for the steel industry. With domestic demand subdued, mills are shifting their domestic allocations to export markets, where the latest tenders closed with an increase versus last week, at $467/tonne fob, notes Kallanish.
ESCO, Iran’s sole blast furnace-route producer, finalised a 30,000-tonne 3sp billet tender at $4…
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Anonymous
Very good overview of the weekly steel market.
Anonymous