Iran: Domestic billet prices inch up at IME, demand gets sluggish again

This week, the domestic billet prices at the Iranian Mercantile Exchange (IME) have inched up. However, unlike last week, the demand reported having sluggish. Approximately 90,000 t billets traded at an average price of IRR 97,868/kg ($383/t), up by IRR 777/kg ($3/t). Around 140,000 t billets were offered, and the base price for the trade event was IRR 96,856/kg.


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