During the past week, 125 mm billet quotations in the local Iranian market have declined by IRR 200,000/mt ($6/mt) to IRR 11,800,000-12,300,000/mt ($333-348/mt) ex-works, while domestic 150 mm x 150 mm square billet prices in Iran have fallen by IRR 50,000/mt ($1/mt) week on week to IRR 12,900,000 ($364/mt) ex-works, both including nine percent VAT.
$1 = IRR 35,400