19
Jul
12:27
Iranian mills postpone billet shipments amid power cuts
Iranian billet buyers have been notified by mills that their previously signed contracts for early-August load-ready cargoes will be ready only by mid-September, meaning a 45-day delay, Kallanish notes.
Many of the electric arc furnace-route mills have been severely affected by power cuts this year. Last year, power supply was much better managed, with power available to mills on a rotating basis during the month. This year, however, mills in some states have shut…
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Anonymous
Very good overview of the weekly steel market.
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