Exports bolster China's prices for semi-finished steel

China’s export sales of semi-finished steel items such as slabs and billets have performed strongly since March as the absence of Iranian semis in these regions has caused availability to tighten. As a result, domestic and export prices of Chinese steel semis have both jumped recently, Mysteel Global noted.

The supply crunch and surging prices Until the outbreak of hostilities with U.S. and Israel in late February, Iran had been major supplier of semi-finished items to Southeast Asia and Middle East. But with the conflict intensifying and damage to its key steel plants causing Iranian production to drop, a