Iran: Domestic billet prices at IME witness marginal fall

The domestic billet prices have witnessed a marginal drop of IRR 832/kg in a recent trade event hosted by the Iranian Mercantile Exchange (IME). However, the offered quantity saw a w-o-w increase of 25,800 t. According to SteelMint sources, On 29 Sep’20, approximately 109,700 t billets traded at an average price of IRR 99,144/kg ($407/t).