The domestic billet prices at the Iranian Mercantile Exchange surged further by IRR 5,393/kg ($25/t). However, limited volumes traded against offered quantity due to the conflicts between the Iranian government and steelmakers on IME price policy. According to SteelMint sources, around 60,600 t billets reported having traded at IRR 117,168/kg ($464/t) against the offered quantity of 133,596 t.
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