Iran: Domestic billet prices at IME witness a sharp rise of IRR 10,774/kg ($17/t)

The domestic billet prices in Iran at the Iranian Mercantile Exchange (IME) have witnessed a sharp rise of IRR 10,774/kg ($17/t) amid depreciating IRR against $. In a recent trade event hosted by IME, approximately 86,000 t billets traded at an average price of IRR 104,386/kg ($393/t).