According to market sources, domestic hot rolled coil (HRC) prices in Iran are at IRR 18.6 million/mt ($523/mt) ex-warehouse, including nine percent VAT, for September delivery.
Meanwhile, ex-Kazakhstan HRC offers to Iran are in the range of $390-400/mt CFR, while cold rolled coil (CRC) offers from Kazakhstan to Iran are at $460/mt CFR.
$1 = IRR 35,580