Iran: Domestic billet prices rise sharply in recent trades at IME

Amid rising demand and depreciating IRR against $, Iranian domestic billet prices have witnessed a sharp rise amid in a recent trade event hosted by the Iranian Mercantile Exchange (IME). Yesterday, around 80,400 t billets traded at an average price of IRR 99,223/kg ($470/t), up by IRR 8,296/kg, against the previously concluded deals.


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