Ahead of the new Iranian year which will begin on March 21, imported hot rolled coil (
HRC) prices in the Iranian market have slightly softened by about IRR 100-120/kg ($8-10/mt) as compared to last week.
Accordingly, 2 mm x 1,000-1,250 mm
HRC produced by Russian steel producers Magnitogorsk Iron and Steel Works (
MMK) and Novolipetsk Steel (
NLMK) are being offered at the Iranian northern port of Bandar Anzali at IRR 10,600/kg ($865/mt) ex-yard loaded truck, exclusive of four percent VAT.
$1 = IRR 12,260 (official rate)