Mobarakeh hikes HRC prices

According to the price list dated on February 20, 2006, Iranian steelmaker Mobarakeh Steel is selling hot rolled coils in the local market at the following levels.

Thickness         Price                       Price increase 

2 mm          IRR 3,630/kg (approx. $397/ton)    IRR 20/kg    
2-3.5 mm      IRR 3,540/kg (approx. $387/ton)       -
4-7 mm        IRR 3,560/kg (approx. $390/ton)    IRR 20/kg
8-10-12 mm    IRR 3,700/kg (approx. $405/ton)    IRR 20/kg 

The prices are given for May 2006 shipments.