During the past week, 125 mm
billet quotations in the local Iranian market have decreased by IRR 100,000/mt on average to IRR 13,200,000/mt ($376/mt) ex-works, while domestic 150 mm x 150 mm square
billet prices in
Iran have fallen by an average of IRR 200,000/mt to IRR 13,300,000/mt ($379/mt) ex-works, both including nine percent VAT. Meanwhile, due to currency fluctuations prices have decreased by $1-7/mt on US dollar basis.
$1 = IRR 35,100