Tehran Stocks Held Back by New Year Slumber, Political Risks

Iranian exporters of semi-finished steel products returned to the market after the Iranian New Year holidays late last month with price reductions that followed the trend in the wider global markets. 
Metal Bulletin’s weekly price assessment for Iranian billet exports decreased to $500-515 per ton FOB on April 4 from the previous range of $515-530 per ton FOB.
Local producers Khouzestan Steel and Khorasan Steel opened tenders for July-shipment billet within the range of $515-520 per ton FOB, down by $15 per ton from the previous range.
No new bookings were heard done at the time of publication (Wednesday) because the tenders were expected to close on Friday.