Iran: Domestic billet prices at IME fall further by IRR 1,469/kg ($31/t)

The Iranian domestic billet prices are on a continuous decline, on slow demand. It was the second consecutive when prices witnessed a fall. According to SteelMint sources, yesterday, approximately 80,800 t billets were traded at the Iranian Mercantile Exchange (IME) at an average price of IRR 73,768/kg ($364/t), down IRR 1,469/kg ($31/t) against last week.