Mining News Agency | Iran Billet Market Week 45

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Iron and Steel

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Monday, November 13, 2017 - 11:13:14 PM

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Iran Billet Market Week 45

Mining News Agency - On Saturday, scrap prices inched up, while billet slide down by 10 IRR. Rebar was mainly reported stable from last Wednesday showing a weak start for this week. The difference between rebar and billet has returned to normal.

Zoom:

Mining News - During mid-week billet price improved by USD 10/MT as size 150 mm reached USD 456/MT and size 125 became USD 451/MT ex-work including 9% VAT. Market insiders consider two reasons behind the upward trend including:

1-Limited supply level of DRI and scrap

2- Lower production level of billet due to lack of demand

Generally, some up and down fluctuations are expected in coming days for domestic billet market.

Source: steelMint

Short Link:

https://www.miningnews.ir/En/News/61034

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