EghtesadOnline: Buying activity in the Iranian export market for steel billet was muted in the week that ended on April 11 amid reduced demand for finished steel products in customers’ markets as well as expectations of further price decreases in the near term.

EghtesadOnline: Iranian export prices for steel billet and slab continued to rise in the week that ended on March 7 with bookings agreed at higher prices, supported by the uptrend in the global market and reduced availability of the materials.

EghtesadOnline: Iranian export billet prices lost $10 per ton over the past week while several bookings were heard done at lower prices.

EghtesadOnline: Iran’s square billet producers chose to lower their prices to meet export customers’ price expectations and boost demand.