US Oil still under pressure

American Petroleum Institute (API) today announced the weekly change of crude oil stock +4.45 million barrels which was the pressure factor on prices after being ascending for the third week. The good news is that talks on OPEC supply decrease have been started which may cause less supply and drive the coming week’s prices.

An Overview on Iranian export Steel prices

The price gap pf Iran Export Billet with Black Sea Index CIS has fallen to USD 5 from its initial of USD 60 since February and the large steelmaking companies have resigned from sales at low prices. The Slab index difference between Iran and Southeast Asia has dropped to USD45 from the initial price of…