During the past two days, the price level of Mobarakeh production HRC of 2-12 mm thickness has soared to reach $925-950/mt ex-works in Iran's domestic market, while that of Ferro Gilan production HRC of 8-15 mm thickness has increased to $930/mt ex-works.
The rise of around $20-25/mt compared to two days ago can be attributed to the increasing demand from customers seeking to complete significant purchase quantities ahead of the Iranian New Year holiday (beginning on March 21).