METAL BULLETIN REPORTS

Iranian steel billet, slab market sources unfazed by new US sanctions; export prices rise

The United States has announced further sanctions on producers of Iranian steel and other metal products alongside foreign-based sales agents of an Iranian metals and mining holding company, but export steel billet and slab prices still rose this week with Iranian sources saying steel trade will be able to continue…

… “These [sanctions] could make steel export a little bit difficult.
However, we have experience on how to dispel this impediment,” an Iranian source told Fastmarkets.
Other market participants contacted also believed steel trade will continue from Iran.