Mobarakeh hikes HRC prices

According to the price list dated May 29, 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 4,200/kg (approx. $459/ton)     IRR 50/kg    
2.5-3.5 mm    IRR 4,050/kg (approx. $442/ton)     IRR 40/kg
4-7 mm        IRR 4,070/kg (approx. $444/ton)    IRR 140/kg
8-12 mm       IRR 4,376/kg (approx. $478/ton)    IRR 117/kg 

The prices are given for August 2006 shipments. 1 USD = 9,150.65 IRR