Billet price levels decrease in Iran

SteelOrbis has been informed that as of August 25, 2008, the sales price of local production 3SP/PS and 5SP/PS grade 120 x 120 mm - 150 x 150 mm billets in the local Iranian market is at $940/mt ex-works on actual weight basis for cash payment and prompt delivery. The price level has declined by $60-75/mt compared to last week.