Iran: Domestic billet prices at IME drop by IRR 4,394/kg ($17)

This week, amid sluggish demand, Iranian domestic billet prices saw a drop of IRR 4,394/kg ($17) in a recent trade event hosted by the Iranian Mercantile Exchange (IME). According to SteelMint sources, approximately 46,250 t billets traded at an average price of IRR 93,395/kg ($369/t).