Demand in the local Iranian hot rolled coil (HRC) market has remained at low levels during the past week, while domestic HRC prices in Iran have increased by IRR 950,000/mt week on week to IRR 18.5-19 million/mt ($592-608/mt) ex-warehouse, including nine percent VAT, due to the tightness of supplies in the market, according to market sources.
$1 = IRR 31,270