More than 110,000 tons of quality standard 5sp billet were offered on the Iran Commodity Exchange today. 60% of the billets, which received 1.3 times demand, were sold.The companies with the highest sales volume were South Kaveh Steel Co.(SKS) and Khuzestan Steel, respectively.
The average domestic billet price decreased by 0.6% compared to the previous week, with sales completed at 20,333 divisions ($415).
1IRR= 49,000 USD
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