Tag: Iran DRI Price Formula
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Iran’s Government to Cap DRI Prices
As per the recent announcement by Mr. Jafar Sarqini; Deputy of Ministry of Industry, Mine and Trade; the price of sponge iron should be set at a maximum of 50% of the selling price of the Khuzestan steel billet sales in Iran Mercantile Exchange for the last 15 days. This announcement is the result of an…