According to market sources, domestic hot rolled coil (HRC) prices in Iran have increased by IRR 750,000/mt ($24/mt) week on week to IRR 19.35 million/mt ($616/mt) ex-warehouse, including nine percent VAT, for September delivery.
Meanwhile, ex-Kazakhstan HRC offers to Iran are still in the range of $390-400/mt CFR, while cold rolled coil (CRC) offers from Kazakhstan to Iran have increased by $10/mt week on week to $470/mt CFR.
$1 = IRR 31,407