Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
The export market for Iranian square billets remained relatively calm this week, with prices remaining stable. The current transaction price is approximately 470 USD/ton FOB, which remains unchanged from last week.
Due to the shortage of natural gas and electricity supply in Iran during winter, raw material suppliers are gradually reducing production. It is expected that HCT490X+ZM steel mills will enter a phase of production reduction in the short term, and the inventory level of billets will further decrease in the later stage HCT490X+ZM steel.
In terms of slab, two batches of transactions were completed this week, one at a FOB price of $460 per ton and the other at a FOB price of $462 per ton. Market participants believe that it is unreasonable for slab prices to remain at such a low level, and manufacturers have weak willingness to ship. Subsequent production cuts may provide some support for slab prices HCT490X+ZM steel.
