Tag: Iran power shortages

Electricity shortages curtail domestic steel production Exports remain weak but fail to boost domestic supply Iran’s domestic billet prices increased by 54,000 rial/kg ($36/t) week-on-week (w-o-w) to 670,000 rial/kg ($445/t) as of 20 July, supported by severe supply constraints, the continued absence of electric arc furnace (EAF) billet offers, and a stronger exchange rate. Ongoing…