Tag: Iran Billet Trade
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Iranian Domestic Billet Prices Edge Up Amid Increase in Demand
Iran, one of the largest producer and exporter of billet is currently facing currency depreciation. Iranian Rial is currently trading at around IRR 47,100 against 1 USD in free market. In such situation export is proven to be more profitable for the producers against selling it in local market. However, during the last week Iranian…