This week, all billet deals have canceled at the Iranian Mercantile Exchange (IME). The quantity offered for the week was around 106,000t. According to SteelMint sources, the deal values have reached the levels of IRR 93,000/kg (~$439/t). Hence, the government aborted all the deals. The IME is likely to host the next billet trade event on 05 Sep’20.
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