EghtesadOnline: Iranian export billet and slab prices strengthened over the week that ended on Wednesday due to renewed bookings.

EghtesadOnline: Steel products exported by Iranian suppliers over the first 10 months of the current Iranian year soared by 45% year-on-year, according to the Iranian Mines & Mining Industries Development & Renovation Organization.

EghtesadOnline: While the standstill between Asian buyers and major suppliers of slab from Brazil and Russia persisted, news emerged about at least one booking of Iranian product taking place in Southeast Asia.

EghtesadOnline: Mobarakeh Steel Company, Iran’s largest flat steel producer, aims to increase its slab exports rapidly over the next couple of years.

EghtesadOnline: Global slab markets could see further downward pricing pressure, if plans to build a plant for slab production in Iran come to fruition.