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Iran’s export prices for steel slab and billet remained stable over the week to Wednesday January 13, with about 30,000 tonnes of billet sold during the review period, sources told Fastmarkets.
More deals were expected to be done later in the week, but most market participants did not expect any price increases because of the slowdown in the rate of global price rises.
The sharp uptrend in global steel market prices has been slowing recently, with buyers preferring to wait and see where prices will go.
Source: Fast market
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