Demand in the local Iranian
billet market has remained at low levels over the past week, while domestic
billet prices in
Iran have declined in the same period.
Accordingly, 125 mm
billet quotations have declined by IRR 50,000/mt ($1/mt) on average during the past week to IRR 13,000,000/mt ($374/mt) ex-works and 150 mm x 150 mm square
billet prices have decreased by IRR 450,000/mt ($13/mt) on average week on week to IRR 13,200,000 ($381/mt) ex-works, both including nine percent VAT.
$1 = IRR 34,690