SteelOrbis has learned that demand is slow in the Iranian domestic flat steel market. It is reported that the Iranian flat steel producer
Mobarakeh Steel is offering hot rolled coil (
HRC) to the local market at $665/mt ex-works, while
HRC offers given by the Russian steelmaker Magnitogorsk Iron and Steel Works (
MMK) to
Iran stand at $775/mt DDP (10 percent duty) and another Russian producer
NLMK is offering
HRC to
Iran at $745/mt DDP.